
Budget 2021-22: Govt abolishes withholding tax from banking transactions
KARACHI: The government has abolished the withholding tax on cash withdrawal from the banking system and non-cash banking transfers to provide relief to the general public. The federal government in its Federal Budget 2021/22 presented on Friday took major relief measures by abolishing 12 withholding provisions from the Income Tax Ordinance, 2001. Under the relief measures, the government has abolished









