PAKISTAN. BUDGET 20-21 BULLET POINTS

BUDGET 20-21
BULLET POINTS

1- No new tax to give relief to people

2- Ahsas program to continue by increased budget

3- To improve tax collection

4- To decrease in govt. expenditure

5- To improve subsidy system

6- Poverty elevation program

7- Higher education budget increased

8- Measures taken to improve remittances

9- Kamyab Naujawan program budget introduced

10- To improve public services through E-governance

11- Artist welfare fund increase

12- Inflation to be decrease

13- FBI increase by 25%

14- To improve health services by ICT

15- To open smart schools

TAXES :

16-   POS of retailer business to increase

17-   14% to 12% sales tax on retailers

18-   Hotel minimum tax decrease to 0.5% July to September

19-   Fixed tax scheme introduced for Small and medium businesses

20-   Export rebate, to direct transfer in business bank accounts

21-   Raw Material fully exempt from custom duty to respective nature of businesses having 20000 items

22- Custom duty of 200 items in tariff line decrease

23- PRD to decrease

24- Poor people benefits --- corona—supplements etc to be exempted from duties and taxes

25- Custom official powers has been decreased

26- Inclusive of advance ruling methods in custom law

27- Unregistered sales tax person—CNIC condition from 50 thousand to one lakh

28- Covid 19 sales items exemption period increased

29- 237 sro for relief extended for further 3 months

30- 11th schedule of sales tax to improve

31- Increase in FED in all type of cigarettes and its articles increased to 100%

32- Caffine items FED from 13 to 25%

33- Double pick up FED to be taxed as other vehicles

34- 17% sales tax on potassium cholaride decrease

35- 14% sales tax decrease to 12% of big retailers

36-   Wastage to fixed in manufacturing business

37-   12 schedule sales tax of VAT—manufacturers no sales tax

38-   Cement sector decrease from 2 to 1.75 per kilo

39-   If Appeal than reference can be made to following years

40-   ADRC law to be change

41- STAY provision to be made in ADRC

42- FED law to be enhanced

43- Sales tax act 9th schedule mobile phone manufacture decrease in sales tax

44- E Audit / video link introduced for audit

45- Online sharing of assess data introduced

46- WHT Regime to delete 9 sectors (Education and marriage hall etc)

47- Commercial importer and manufacturer importing on raw material and machinery from 5.5 top 2% and 1%

48- Machinery examination certificate abolished

49- Aop and individual allowed expenditure to be claimed against property Income

50- Foreign remittances transfer from one bank to another – no tax on that

51- Tax Refund procedure – now changed – one centralized system introduced

52- 152 WHT of non resident for Hajj Companies

53- Advance tax abolished under section 231b and 234 on rickshaw and cars

54- Advance tax payment threshold increased

55- Exemption certificate through automation system

56- Schedule 12 Exemption certificate for advance tax to be produced by person who had already paid advance tax

57- RIET residential properties CGT period extended

58- Free Zone benefits also to be given modern developers

59- To simple law and business only for PE tax deduction to be made

60- Tax deduction under section 235 now fully adjustable

61-   Inclusion in Active tax payer list, proper enquiry to be conducted

62-   Automatic return process system to be introduce for any error in return if any

63-   For and increase in data base and WHT  236V to be introduce

64-   Non resident and resident tax should be same

65-   Purchase and leased vehicle threshold to be same

66-   Depreciation to be as per best international practice

67-   NPO status per 2nd schedule section 100C condition to be strictly followed and only those NPO be there who benefits the community in general

68-   10% tax to be paid while filing appeal

69-   Auto system advance tax to introduce through IRIS by 5th of every advance tax due date

70- CGT on Immoveable property decrease from 5 years to 4 years

71- Non Resident- royalty, fees etc  to be decrease

72- FTR to be filed with section 114

73- Appeal fees increased

74- Section 165 WHT for bio annual now to be filed by 3 months instead of 6 months

75- Immoveable taxation CGT from 8 to 4 years and every year decrease by 25%

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10 Foods That Keep You Young.

10 Foods That Keep You Young Who would want to see the signs of aging on his face or body? But there comes a time of age when anxiety about personality begins to grow. But there are some foods that can help get rid of these worries because age-appropriate diet not only controls obesity and the body's immune system, but also has some benefits that protect against wrinkles, hair. Keeps brightness and other signs of aging away. Here are some foods that can help keep your skin and hair healthy and young, thanks to their fatty acids, minerals and other ingredients. Coffee.

A cup of coffee every morning not only makes the beginning of the day enjoyable, but its biologically active ingredients also protect your skin from tumors. According to a recent study, excessive consumption of coffee prevents people from peeling their skin while also reducing the risk of cancer. Similarly, the risk of wrinkles is reduced. 🍉watermelon

This summer thirst quenching fruit is rich in a component called lycopene. Rich in antioxidants, this ingredient gives watermelons and tomatoes a red color and protects the skin from sun damage. According to a study, watermelon contains 40% more plant chemicals than tomatoes, which helps maintain the radiance of your skin like sunscreen. pomegranate

This magical fruit seed is rich in antioxidants and vitamin C and helps to protect the face from wrinkles, dryness and other ailments. According to a study, the use of vitamin C reduces the chances of dryness and wrinkles on the skin in middle age. In addition, the anthocyanins in pomegranates attract the skin while the allergic acids prevent the damage caused by the sun's rays. blueberry

This fruit helps in increasing the redness of the face. The vitamins C and E in this fruit brighten the skin and counteract circles etc. In addition to this, other ingredients found in it also improve the color of the skin. Green leafy vegetables

From spinach to greens, these energy-rich vegetables are rich in a component called carotene, which protects skin cells as well as retains moisture in them, while also helping to keep skin damage at bay. happens. In addition, these vegetables are also considered important for controlling blood pressure. Mushroom

Mushrooms contain the mineral selenium, which protects the skin from sun damage. According to a research, the use of mushrooms balances the copper or copper level in the body, as a result of which their hair does not get white skin, ie old skin fails to control your personality. Eggs

If your fingernails are made of protein, then obviously a lack of protein can weaken them. To protect against this, indones are used which are rich in B complex vitamins which do not allow the body to be deficient in protein. In addition, the protein in eggs lowers blood pressure and reduces the risk of heart disease. Walnut

Rich in omega-3 fatty acids and vitamin E, these dried fruits help retain moisture in your hair, and they also contain a lot of copper, which helps maintain the natural color of the skin and hair. While a lack of this mineral can cause premature graying of your hair. mangoes

Mangoes are rich in beta-carotene, which gives your skin the ability to repair itself and prevent wrinkles on the face. In addition, it is important to use this delicious fruit to keep the skin soft. In addition, mango also contains vitamin A, which protects the cells from degradation. Melons

Melons also contain beta-carotene and vitamin A, which not only control the growth of your scalp's skin cells, but also increase the radiance of the skin's upper layers. They also prevent the skin on the face from becoming dead and changing into a layer