Budget 2021: Government provides tax exemptions worth Rs212bn

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Photo: File KARACHI: The government has absorbed the losses of revenues worth Rs212 billion on account of exemptions granted on total income of individuals and organisations during the outgoing fiscal year, reported The News. The tax exemption on total income had been granted at a time when the economy was facing challenges due to COVID-19 and the country needed additional revenue to fight against the pandemic and generate resources for social protection.

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