PM’s tax amnesty scheme fails to attract peoplePM Imran’s first tax amnesty scheme will end on June 30, but it has failed to yield desired results. As of Tuesday, less than 250 people had opted for the first tax amnesty scheme. FBR working aggressively to broaden tax netAs per Rule 2 of the 10th Schedule, the income tax commissioner will impute the taxable income on the amount of tax deducted or credited under Rule 1. The issue of perpetual tax amnesty had been thoroughly discussed at the time of budget at the top management level, sources in the FBR told The Express Tribune. Unlike the realty sector, in case of interest income of a widow, the non-ATL person would pay 30% income tax under the 10th Schedule.

Source: The Express Tribune June 22, 2019 04:30 UTC