Rules for shareholders’ protection fund approved
Islamabad
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Wheeling of electricity: Nepra approves regulations
National Electric Power Regulatory Authority (Nepra) has approved regulations for wheeling of electricity aimed at improving and opening up power sector and promote competition.
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Excessive tax deducted from non-filers: law may be amended to allow adjustment
To practically facilitate the non-filers and encourage documentation, Section 169 of the Income Tax Ordinance, 2001 has been proposed to be amended through Finance Bill 2016 to allow adjustment of excessive tax deducted from non-filers.
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Investors discouraged: NEPRA proposes cut in solar, wind power tariffs
Islamabad
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Cross-adjustment of input tax
Provinces can also review corresponding provisions: FBR
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Proposed Benami Act Provisions not apply to deals made in names of spouses, kin: FBR
The provisions of the proposed Benami Transaction (Prohibition) Act, 2016 will not apply to any transaction entered into by an individual in the name of his spouse, brother or sister, or any lineal ascendant or descendant.
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