BUDGET DISCUSSION, FIGURES, POLICIES AND COMMENTs

[maksyed]

- An adjustable advance tax @ 5% of fee of all educational institutions where annual fee is above Rs.200,000 to be collected by educational institutions at the time of receipt of fee from the person paying the fee.

- The rate of Withholding Tax on cash withdrawals from banks was reduced from 0.3% to 0.2% through Finance Act 2011. The maximum limit of daily withdrawal was enhanced to Rs. 50,000 to Rs. 25,000 through Finance Act 2012. The rate of withholding tax to be restored to 0.3%.

- The exemption limit of withholding tax for investment in National Saving Centers to be withdrawn

- An adjustable withholding tax on foreign-produced films, TV serials and plays etc to be collected by the authority responsible for their censoring/certification at the rate of Rs. 1 Million for films and Rs. 100,000 per episode for TV plays.

- Contribution of the wholesale and retail sector towards the tax revenue is not commensurate with share of this sector in the GDP. To ensure documentation of the economy and to bring the traders into the tax net all manufacturers were made liable to collect adjustable withholding tax from distributors, dealers and wholesalers through the Finance Act 2012. To remove hardship this withholding tax is being restricted to the Electronics, Sugar, Cement, Fertilizers, Iron & Steel Products, Motorcycles, Pesticides, Cigarettes, Glass, Textile, Beverages, Paints & Foam sectors and the rate is being reduced to 0.1%. The scope of withholding tax is also being extended to retailers. Withholding tax @ 0.5 % by the distributors, manufacturers or commercial importers from the retailers is proposed.
- To ensure proper taxation of business income/profits of the builders and developers, payment of minimum tax at a rate of Rs.25 per sq ft of the constructed area sold and Rs. 50 per square yard of the area sold of the developed land respectively is being introduced.

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[Hassan1967]

Re: THE END USERS ARE HIT BY THE NEW BUDGET: THE COMMON MAN's VOWS

Posh areas walo BURNOL Lago. None of above poor/middle class, less GST to a bit. Make ready you strength to utmost of power (Al Quran). So defense budget is require. Poor and middle class mother feed to infants/fresh to adults, do not require powder milk. Consume minimal of sugar mostly for tea, so no problem. Use local oil cheaply available on shops for that 30% tax is OK. Do not require vehicle, public transport, bicycle or feet, private cars is posh areas headache. School fee again posh areas whose kids study in City, Beacon House, Roots, Educator etc. India is Muslim minority, even Muslim do single Hajj obligation. No like Pakistan where quite a number do corruption (financial/moral) go for Umra/Hajj to bless sins. Even Holy prophet said that a time will come close to judgment day when Hajj/Umra will become hobby. So far Asad Umer of PTI graded it good less three like from where Rs 503 Million will come, GST, No salary increase. In morning 13 May will be scolded by PTI social media/IK and will take U Turn like Hashmi (Mein Bagi Nahi Hun) and will comment like Shireen Mazari. It is good road map to prosperity!

 

[crankthskunk]

Re: THE END USERS ARE HIT BY THE NEW BUDGET: THE COMMON MAN's VOWS

Posh areas walo BURNOL Lago. None of above poor/middle class, less GST to a bit. Make ready you strength to utmost of power (Al Quran). So defense budget is require. Poor and middle class mother feed to infants/fresh to adults, do not require powder milk. Consume minimal of sugar mostly for tea, so no problem. Use local oil cheaply available on shops for that 30% tax is OK. Do not require vehicle, public transport, bicycle or feet, private cars is posh areas headache. School fee again posh areas whose kids study in City, Beacon House, Roots, Educator etc. India is Muslim minority, even Muslim do single Hajj obligation. No like Pakistan where quite a number do corruption (financial/moral) go for Umra/Hajj to bless sins. Even Holy prophet said that a time will come close to judgment day when Hajj/Umra will become hobby. So far Asad Umer of PTI graded it good less three like from where Rs 503 Million will come, GST, No salary increase. In morning 13 May will be scolded by PTI social media/IK and will take U Turn like Hashmi (Mein Bagi Nahi Hun) and will comment like Shireen Mazari. It is good road map to prosperity!

Bhai Sath mai translate bhi kardain hamare jison ke liye.:P

 

[emotionalsam]

Federal Cabinet approves budget 13-14

​

The federal cabinet under chair of Prime Minster Nawaz Sharif Wednesday gives formal approval to the budget for the next financial year.

The cabinet reviewed the budgetary proposals in hours long meeting which held in Islamabad with Prime Minister Mian Muhammad Nawaz Sharif in the chair.
The Rs 3.5 trillion budget was formally approved by the Federal Cabinet.
The focus of the budget is on overcoming the energy crisis, stabilization of the economy, cutting down on non-development expenditures and enhancing productivity through new growth strategies.

-Environment Protector - EPNO

 

[Rizwan Iqbal]

This new page scenario needs to stop why is Khazana Khaleey? Who has taken what, why has N league not started a separate accountability cell on previous Govt. This should have been started not with N leageys but independent persons including some one from Media on the board. Then we will see how much is fetched back and keep everyone currently on their toes. Without reconciliation and accountability you cannot run a daaba and these guys want to run a country then ask why does this happen why does that happen. Look at the case of Haqqani Khadarey ka case whats happened and who is involved the President is the first citizen of the country! Wake up before its too late.............