s. 151A

Gain arising on disposal of certain debt securities

Procedure

(1) Every custodian of debt securities including a banking company responsible to maintain Investor Portfolio Securities (IPS) Account on behalf of holder of a debt security shall at the time of disposal of debt securities including government securities deduct tax at the rate specified in Division IIIAA of Part III of the First Schedule on the gross amount of capital gain arising to such holder and deposit the same in government treasury:
Provided that this section shall not apply on disposal of debt securities made through registered stock exchange and which are settled through NCCPL.
(2) The capital gain arising to the holder on disposal of debt security mentioned in sub-section (1) shall be computed in accordance with the formula provided in sub-section (1A) of section 37A of the Ordinance.

Amendment history (8)

The words, letters and brackets “clauses (a) and (b)” substituted by the Finance Act, 2003.
Sub-section (1A) inserted by the Finance Act, 2021.
Substituted by the Finance Act, 2015. The substituted sub-section (3)
The word “final” substituted through Finance Act, 2019.
Section 151A inserted by the Finance Act, 2025.
Section 151B inserted by the Finance Act, 2026.
Substituted for the word “royalties” by the Finance Act, 2002.
Inserted by the Finance Act, 2006.

Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.

Source FBR PDF page 317

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.