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Special provision relating to capital gain tax
(1) Capital gains on disposal of listed securities and tax thereon including super tax under section 4C , subject to section 37A, shall be computed, determined, collected and deposited in accordance with the rules laid down in the Eighth Schedule.
(2) The provisions of sub–section (1) shall not apply to the following persons or class of persons, namely:-
(a) a mutual fund;
(b) banking company and an insurance company subject to tax under the Fourth Schedule; and (e) any other person or class of persons notified by the Board.
(3) NCCPL, in case of banking company, insurance company and mutual funds, shall compute and determine the capital gain as per the mechanism prescribed under section 37A; however, these entities shall continue to deposit tax on the amount of capital gain as per the applicable provisions of this Ordinance.
(2) The provisions of sub–section (1) shall not apply to the following persons or class of persons, namely:-
(a) a mutual fund;
(b) banking company and an insurance company subject to tax under the Fourth Schedule; and (e) any other person or class of persons notified by the Board.
(3) NCCPL, in case of banking company, insurance company and mutual funds, shall compute and determine the capital gain as per the mechanism prescribed under section 37A; however, these entities shall continue to deposit tax on the amount of capital gain as per the applicable provisions of this Ordinance.
Amendment history (11)
- Added by the Finance Act, 2018.
- Added by the Finance Act, 2012.
- Words inserted by the Finance Act, 2023.
- Expression “, a non-banking finance company” omitted by the Finance Act, 2026.
- The word “and” added by the Finance Act, 2026.
- Clause (c) omitted by the Finance Act, 2026. The omitted clause read as follow
- Clause (d) substituted by new clause (d) by the Finance Act, 2014. The substituted clause read as
- Clause (d) omitted by the Finance Act, 2026. The omitted clause read as follow
- Sub-section (3) added by the Finance Act, 2026.
- New section 100BA inserted through Finance Act, 2019.
- Words inserted through Finance Act, 2020 dated 30 June, 2020.
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 175
Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.