The Federal Board of Revenue (FBR) has extended the date for availing the “Default Surcharge and Penalty Waiver Scheme” under SRO-547(I)/2012 and SRO-548(I)/2012 up to June 25, 2012, in view of the positive response of the taxpayers for availing the said scheme.
The Commissioner Land Revenue Zone-I, Regional Tax Office Peshawar Shad Muhammad said the scheme was extended up to June 25 and urged withholding agents and persons against whom taxes are due to take full advantage of the scheme. After expire of the said date, he said crackdown would be started against defaulters for collection of taxes.
The FBR had earlier announced a “Default Surcharge and Penalty Waiver Scheme” through SRO-547(I)/2012 of Income Tax and SRO-548(I)/2012 of ST & FED dated 22.5.2012 for Withholding Agents and Persons against whom Income Tax, Sales Tax or Federal Excise Duty was due and they could not pay in time.
The scheme offered waiver of default surcharge and penalties to such tax defaulters who would pay principal amount of due tax on or before 31st May, 2012.
He urged taxpayers to consult SRO-547(I)/2012 of Income Tax and SRO-548(I)/2012 of ST & FED dated 22.5.2012 available at FBR website.
Bulls pay ISE-10 a visit as well
ISLAMABAD
APP
Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index gained 0.36 points to close at 2704.17 as compared to the previous day’s trading.
Talking to APP, Stock Analyst, Zaheer said that the local stock market had responded positively to the announcement of resolving the energy crisis on the priority basis by the government. He said that the shares of power and fertilizer sectors, those would be direct beneficiaries of that announcement, remained the most traded scrips along with banking sector.
“Hub Power, Nishat Power and Fauji Cement has registered a substantial increase in the price and their turnovers because the investors have aggressively taken the fresh positions”, he added.
Total volume of shares traded were 24,659, which was down by 40,441 as compared to a day earlier’s closing. Out of 125 companies’ shares traded, the price of 60 was increased while the price of 65 decreased. The price of top gainer Unilever Pakistan was increased by Rs.39.16, while the price of top loser Fazal Textile decreased by Rs.10.76. Fauji Cement, Hub Power and Silk Bank remained volume leaders on Monday, with volume of 10,000, 8,500 and 5,000 shares respectively.