The president of the Peoples Party of Pakistan, Bilawal Bhutto Zardari, said on Thursday that his party was full of the federal budget after the government accepted its demands to exempt the income tax of the salaried people who earned RS100,000 and reduced the sales tax of the solar panels.
The income tax on the annual income of RS1.2 million has been exempt from the demand for PPP, said Bilawal Bhutto while talking on the house of the house.
In addition, he said that the Government also agreed the PPP reserves on giving arrest powers to the Federal Income Board.
The government agreed that the arrest powers will only be limited to the falsification of sales tax and in the investigation stage a arrest will not be made, Bilawal said.
Fiscal fraud will also be a bail crime, said the president of the PPP while announcing his party’s agreement with the government on the arrest powers.
Read: PPP Honda the posture in ‘Powers Draconian’ for Taxman
The express trustee Thursday reported that the PPP had refused to vote the bill due to the proposal to grant arrest powers to the FBR.
However, the Vice Prime Minister Ishaq gave PPP to withdraw objections.
Giving also said The express trustee that new safeguards have been added in the Finance Law to address the concerns of the PPP.
Bilawal said the PPP had demanded that he had not imposed on the entry of up to RS1M. He said that we are now told that there will be no taxes on the salary of up to RS1.2 million per year.
He said the Government also increased the Bisp budget by 20% in the demand of the PPP. The Government has assigned RS716 billion for the BISP for the next fiscal year.
