Withholding tax news on Motor Bikes and Auto Rickshaw fake

By Shiraz Shaikh - Web Editor

25th July, 2019

Federal Board of Revenue (FBR) has said that news of withholding tax on motorbikes and auto rickshaw has no basis and is fake.

According to the details, spokesperson FBR said that no changes has been made in the tax rates of motor vehicles.

Spokesperson FBR further said that according to income tax section 231B and 234 tax is only applicable on vehicles not motorbikes or auto rickshaw.

Spokesperson FBR also added that government will not impose any taxes on motorbikes or auto rickshaw as they are mode of transport for lower income people.

You May Also Like

13th Dec, 2019

UK’s general elections 2019-Tories on their way to victory

Voting of general elections have finally closed and counting of votes is...

13th Dec, 2019

Third general elections to be held in Israel

Third general elections in a year are going to be organized in...

13th Dec, 2019

Artificial retina created to remove blindness

Blindness is a common problem in old page people. This can be...

Imran Khan Pakistan
13th Dec, 2019

PM Khan ranks among World’s Top Leadership

Pakistani Prime Minister Imran Khan  proved himself the most influential leaders of...