The demand of the members to withdraw the tax on milk boxes in the Senate standing treasury
Among the five lakh non-filers are people with an annual income of more than 20 lakh. Chairman FBR
Temporary filer also has to pay additional tax for buying car, plot house
The committee expressed concern that the ban on non-filers’ travel abroad should be taken to mean inclusion in the ECL
ISLAMABAD ( WEB NEWS )
In the meeting of the Senate for Finance, the government allies demanded to withdraw the tax on milk boxes. While Chairman FB Aramjad Zubair Towana has said that in the list of 5 lakh non-filers there are people with annual income of more than 20 lakh, these people have declared their income in tax returns, only temporary filers to buy a car, plot or house. Those who are registered will also have to pay additional tax. The members have declared that the ban on non-filers’ travel abroad should be understood as being in the exit control list. Senate Standing Committee on Finance met under the chairmanship of Senator Salim Mandviwala on Saturday. Changes in Income Tax Law were considered in the meeting. Representative lawyer Hasan Mandviwala said that in the finance bill, income tax has been imposed on lawyers and chartered accountants at 45%, chartered accountants and lawyers have been taxed as a company. Farooq H. Naik said that the Association of Persons The company does not. Chairman FBR said that we have increased the tax of association of persons, the tax of professionals has been increased to 45%, its implementation was a condition of the previous program, Member Income Tax FBRI added. That the IMF has now forced us to implement this condition. Saleem Mandviwala said that everyone’s income tax has been increased, you too bear it, the proposal to increase the income tax on professionals has been approved. approved the proposal to ban foreign travel, the authorities said that action will be taken against those who do not file tax returns under the Income Tax General Order, except for Hajj, Umrah, young children, students and overseas Pakistanis with NICOP. Chairman FBR said that the mobile SIMs, electricity and gas connections of the non-filers will also be disconnected. Senator Farooq H. Naik has said that ban on the travel of non-filers should be understood as being in the exit control list. admitted that the rate of withholding tax on non-filers is also high, their mobile SIMs and business may also be closed. Chairman FBR said that the list of 5 lakh non-filers includes people with annual income of more than 2 million. Amjad Zubair Towana said that in the past these people have declared their income in the tax return. Chairman FBR said that those who become temporary filers just to buy a car, plot or house will also have to pay additional tax. Senator Shri Rehman said that formula milk companies are profitable and can pay tax themselves, children are more of a problem. Consumers should not be taxed, we should not leave everything to the market. He said that no particular company should have a monopoly on infant formula milk, opposing attempts by companies to increase the price of formula milk and put the burden of sales tax on consumers. Some share should be paid and not much profit should be made on the milk of these children. Senator Sherry Rehman has said that 40% of children in Pakistan suffer from stunted growth, this important source of children’s food should not be taxed too much.