Candid Competitions

Rawalpindi Pakistan

EDITOR AND PUBLISHER

Syed Naveed Zaman

Founder: S. M. Zaman(Late)

0321-5105988

CANDID

FORTNIGHTLY

Price Rs. 4.00

ENGLISH CANDID COMP. NEC-21

ENGLISH CANDID COMP. NEC.22

Website; www.candidcomp.com

PUBLISHED FROM:

H/No. CB-4254 (Old 45-A), Aslam Shaheed Road, Lala Zar Rawalpindi. Ph:(051)5582050

English / Urdu

Meanings

PRINTED AT:

Faizul Islam Press

Trunk Bazar, Rawalpindi

Sunday, 28 October 2012

Volume-I

Issue No. 19

ENGLISH CANDID COMPETITION NO: NEC-20

Divisible Pool : Rs. 148,176.00

First Prize: Rs. 128,376.00                    Second Prize: Rs. 19,800.00

05 competitors submitting 06 All Correct Entry and have won Rs.21,396.00 on each entry.

KARACHI

  1. M.Akhter Shahzad + Muzammil
  2. Amman Ullah (2)
  3. M. Younas Sabir

KARACHI

  1. Aisha Gul

MULTAN

  1. S. Intizar Hussain Bukhari

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GOOD NEWS !

 

 

Tax Deduction from Prizes

Since the imposition of 20% Tax on prizes, we have been in correspondence with the FBR. Jung Puzzles were contacted but they expressed their inability to support us. But adhering to our policy of looking after the interests of our fans we continued our lonely battle against this unjust tax.

In 2007 during one of our meetings, the FBR Reps agreed that no tax should be deducted from prizes of less than Rs. 25,000/- but for reasons of their own went back on their promise.

We continued our efforts and took the matter at the highest level. The good news is that FBR have finally agreed that:

  1. No Tax will be deducted on prizes of less than Rs. 25,000/-
  2. The Tax will be deducted @ 10% of the prize.

     

    The relevant portion of FBR reply is reproduced below for information:

     

    “It is to bring to your notice that the proposals for amendment in law are taken up before the promulgation of the Finance Act. Your letter dated August 2008 was after the formulation of law for tax year 2009. However, it will be taken up favourably in the forthcoming budget exercise”

     

    We hope that this commitment will be honored in the next budget. Let us wait & see. Another proof, that we have been honest with the government as well as with our fans.