Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label Shares trading: seller is entitled to take credit of tax withheld: FBR. Show all posts
Showing posts with label Shares trading: seller is entitled to take credit of tax withheld: FBR. Show all posts

Shares trading: seller is entitled to take credit of tax withheld: FBR

The members of the stock exchanges are not entitled to take credit of the tax deducted under section 233A of the Income Tax Ordinance, 2001 where the shares traded are not owned by them. The Federal Board of Revenue on Saturday clarified that the members of stock exchanges would certify the quantum of tax withheld under section 233A of the IT Ordinance, 2001 from each person who traded through them for submitting statement to the relevant Director General of the (RTO).

Sunday, March 29, 2009

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