The tax rates on disposal of securities for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001.
Following are the rates on disposal of securities:
The rate of tax to be paid under section 37A shall be as follows:—
Provided that the rate of tax on cash settled derivatives traded on the stock exchange shall be 5% for the tax years 2018 to 2020.
Provided that the rate for companies shall be as specified in Division II of Part I of First Schedule, in respective of debt securities;
Provided further that a mutual fund or a collective investment scheme or a REIT scheme shall deduct Capital Gains Tax at the rates as specified below, on redemption of securities as prescribed, namely:—
|Individual and association of persons||10% for stock funds 10% for other funds|
|Company||10% for stock funds 25% for other funds|
Explanation.- For removal of doubt, it is clarified that, the provisions of this proviso shall be applicable only in case of a mutual fund or collective investment scheme or a REIT scheme.