Income Tax Act 2023
Section 137 - Collection of tax from Members of Stock Exchange
(as updated till Finance Act 2024)
The Principal Officer of a stock exchange shall collect tax at the rate of 0.05% (zero point zero five percent) on the value of shares and mutual funds transacted by a member of a stock exchange at the time of making payment for such transactions:
Provided that the provisions of this section shall not apply to the transfer of any listed sukuk and bond.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.