• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Monday, June 23, 2025
  • Login
Daily The Patriot
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home City

Senate body opposes 17pc sales tax on gold jewelry

by Daily Patriot
June 22, 2021
in City
0
0
SHARES
19
VIEWS
Share on FacebookShare on Twitter

ISLAMABAD: Standing Committee of the Senate on Finance Tuesday opposed the imposition of a 17 percent sales tax on gold jewelry.

According to details, the matter was taken up with the standing committee on finance by the jewelry association, who said that imposing a 17 percent tax on gold jewelry items is inappropriate.

“This committee completely supports the recommendation and will send it for approval to the chairman FBR,” the chairman of the Senate body said.

It emerged during the meeting that the jewelers association have supported the idea of a 17 percent sales tax on the processing of jewelry.

On June 18, Senate’s standing committee on Finance Friday raised questions over tax exemption to political parties and imposition of a tax on charity transactions in the Budget for 2021-22.

Briefing the meeting on Friday, the FBR officials said that an exemption previously given to charitable institutions in the transfer of funds to them has been lifted in the current budget.

“The tax will be paid by those giving the charity amount,” the FBR officials said. The Senate body, however, rejected the imposition of tax on charity amounts.

Furthermore, the committee also raised questions on exempting funding to political parties from taxation and rejected the proposal made in the budget, currently in discussion at the Parliament.

Senator Saleem Mandviwalla asked the FBR officials if political parties have asked for exemption in the transfer of funds to them. “We are being asked repeatedly by callers if political parties have sought exemption in this regard,” he said. The Senate body directed the authorities to take out political parties from the exemption schedule as Saleem Mandviwalla said that no political party submits tax returns.

Tags: GOLDjewelrysales taxSenate
Daily Patriot

Daily Patriot

Next Post

Woman gives birth to quadruplets in Rawalpindi

Latest News

Rain brings relief in Lahore, breaks humidity spell
National

Rain brings relief in Lahore, breaks humidity spell

by Web Desk
June 22, 2025
0

Rainfall in Lahore on Sunday brought much-needed relief from the humidity, as temperatures dropped and the weather turned pleasant across...

Read more
Trump's Nobel Peace Prize nomination is 'ultimate symbol of slavery', says Barrister Saif

Trump’s Nobel Peace Prize nomination is ‘ultimate symbol of slavery’, says Barrister Saif

June 22, 2025
Recommending Nobel Prize for Trump is a diplomatic blunder: Liaqat Baloch

Recommending Nobel Prize for Trump is a diplomatic blunder: Liaqat Baloch

June 22, 2025
PM Shehbaz Convenes Key National Security Committee Meeting Amid Iran-US Tensions

PM Shehbaz Convenes Key National Security Committee Meeting Amid Iran-US Tensions

June 22, 2025
PM Shehbaz Briefs Nawaz Sharif on Iran Crisis, Reaffirms Diplomatic Support for Tehran

PM Shehbaz Briefs Nawaz Sharif on Iran Crisis, Reaffirms Diplomatic Support for Tehran

June 22, 2025
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
Call us: 051-233-1674

© 2025 DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper

© 2025 DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In