The Karachi Stock Exchange (KSE) has informed its members that Federal Board of Revenue (FBR) has issued Tax Exemption Certificate (TEC) to the KSE. In this respect, members are requested not to deduct tax on payments made to KSE against acquiring of service subject to tax deductions at source under sub-section (1) of section 153 of the Income Tax Ordinance, 2001 up to December 31, 2012.
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