KARACHI: The National Clearing Company of Pakistan Limited (NCCPL) has announced to collect capital gain tax (CGT) for the month of November 2016 by December 28.
According to a notification issued to Pakistan Stock Exchange, the CGT will be collected through respective settling banks of the clearing members along with refund or adjustments on the basis of amount collected up to October 31, 2016. NCCPL asked the clearing members to ensure requisite amount in their respective settling bank’s account.
The notification said that the necessary details and reports for the said period have already been made available in the CGT System. Clearing Members are hereby requested to verify their client/proprietary account wise details of capital gain or loss and tax thereon, if any, through reports/downloads, it added.
