Karachi, The National Clearing Company of Pakistan Limited (NCCPL) has announced the collection of Capital Gain Tax (CGT) from Clearing Members, the Pakistan Mercantile Exchange, and Mutual Funds for transactions conducted in January 2024. The CGT, accruing from the disposal of shares at the Pakistan Stock Exchange, trading of future commodity contracts at the Pakistan Mercantile Exchange, and redemption of units of open-end mutual funds, will be collected on February 29, 2024, through the respective settling banks of the Clearing Members.

Clearing Members are required to ensure the availability of the requisite amount in their respective settling bank accounts for the period of January 01, 2024, to January 31, 2024. The NCCPL has made necessary details and reports for this period available in the CGT System to facilitate this process.

Additionally, the CGT arising from trading of future commodity contracts at the Pakistan Mercantile Exchange and the redemption of units of open-end mutual funds for the same period will also be collected on the specified date. The NCCPL has ensured that all necessary details and reports for these transactions are accessible for verification.

The NCCPL has urged Clearing Members and the Pakistan Mercantile Exchange to verify the investor-wise details of capital gain or loss and tax thereon through the available reports and downloads. It has also warned that in cases of none or partial collection of CGT, necessary actions will be taken in accordance with the Rules and NCCPL Regulations.

For any further queries or concerns, the NCCPL has made its Customer Support Department available through their UAN number and website. Additionally, customer support services can also be approached through WhatsApp for convenience.