Introduction Highlights Economic Scenario Income Tax Ordinance Micro Finance
Sales Tax Act Central Excise Act Customs Act Self Assessment Scheme Other Laws
Micro Finance
Prosecution of Directors
 
SECTION : 113-A 1st Sch. Part 1 Div. 1 Para 1A
 
Comments :
The scope of minimum turnover tax has been introduced for retailers having turnover of upto Rs. 5 Million for any tax year whereby the retailers have been given to opt for payment of tax @ 0.75% of their turnover which will be in settlement of final discharge of their tax liability.
 
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Definitions
Scope of services broaden
Scope of Investments Enlarged
Area of operation
Minimum Capital Requirements
Licensing-Existing institutions
Suspension of a license
Audit
Extension to MFBs
Liquidity and reserves
Minimum Cash Reserve
Power to remove Directors
Power to suspend the BOD
Limitations to order by the SBP
Prosecution of Directors
Declaration of fidelity

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