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LCCI stresses govt to withdraw Section 203 (A) of Income Tax Ordinance

Lahore: The Lahore Chamber of Commerce & Industry (LCCI) has urged the government to withdraw recently added Section 203 (A) to the Income Tax Ordinance.

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LCCI stresses govt to withdraw Section 203 (A) of Income Tax Ordinance
GNN Media: Representational Photo

“The Section 203 (A) will grant power to an officer of Inland Revenue, not below the rank of an Assistant Commissioner of Inland Revenue or any other officer of equal rank authorized by the Board, who based on material evidence has reason to believe that any person has committed an offence of concealment of income or any offence warranting prosecution under this Ordinance may cause the arrest of such person.”

LCCI President Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry said that Section 203 (A) will grant new discretionary powers to the officials as now they can arrest a person soon after the start of the proceedings is a harsh measure and will dwindle the confidence of the taxpayers.

“Cumbersome system of taxation and undue addition to the discretionary powers of the tax officials dent the chances of economic development, foreign and local investment and to meet the revenue target. They said that there is a dire need to adopt a better approach towards the taxpayers to jack-up the tax-to-GDP ratio”, the LCCI office-bearers added.

They said that being a major source of revenue for the government, the business community deserves honour”, they said and feared that Section 203 (A) is likely to be misused.

The LCCI office-bearers said that the tax officials may misuse the discretionary powers under this amendment that will be nothing else but to harass the business community. They said that measures like taking into custody soon after the proceedings in case of tax matters will not only add to the miseries of the business community but will also be promoting a trust deficit between the government and the business community.

They said that such tactics should not be used to meet the tax targets. Instead, the government should evolve a policy in collaboration with the stakeholders.

They said it is a well-established fact that the existing tax system in our country has certain structural and operational weaknesses. They further added that these shortcomings play their role in dispiriting taxpayers who have to follow cumbersome tax processes and bear the rigid attitude of taxation machinery.

Resultantly, the tax net is not broadening.

Office-bearers of the Lahore Chamber of Commerce & Industry hoped that Section 203 (A) of the Income Tax Ordinance will be withdrawn immediately to broaden the tax net and in the larger interest of the business community.

Fateh Farooq is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Fateh Farooq is nothing less than a Veteran Editor and has been writing for GNN for the past 7 months.

Sports

SumaiL and YawaR to contest for $40 million prize money from Dota 2, The International 10

Two Pakistani brothers, Syed Sumail "SumaiL" Hassan and Yawar "YawaR" Hassan will participate in The International 10 which has a prize pool of $40 million.

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Phote: Yawar "YawaR" Hassan (left), Syed Sumail "SumaiL" Hassan (right) in their team jerseys

Hailing from Karachi, Pakistan, Syed Sumail "SumaiL" Hassan and Yawar "YawaR" Hassan have shown their immense talent in the well acknowledged MOBA and MMORPG game, Dota 2. Sumail has previously participated and won the 5th version of the tournament at the age of 16 years and 176 days old and became the youngest player ever to win over a million dollars. Both of them have briefly played together in the same team Quincy Crew, but Sumail left in nearly 3 weeks of being in the team. 

Sumail and Yawar are brothers. Yawar is 2 years older than Sumail. They both moved to Rosemont, Illinois when their family relocated in 2012 and started competing in the North American region where competition has always been very tough. Sumail's gameplay was so impressive that he was recruited by the number one North American ESports organization at that time in 2015, Evil Geniuses, who not only recruited him when he was only 16 years old but also gave him the responsibility of one of the leading core roles of the game, the midlane. Not only did he impress the world with his classy and bold plays, he proved his skills to the world by winning The International 2015, becoming the youngest millionare in the history of ESports.

His older brother Yawar, has also been competing at the highest level since they both began playing the North American region, however, Yawar only had the opportunity to play The Internation only once before, while Sumail had been participating in TIs since 2015 representing EG. This would be the second time the brothers will be up against each other representing different teams for a prize pool of $40 million.

SumaiL will be representing the team OG with the ingame name of OG.SumaiL in the coming tournament where he would be playing the role of a core player as position 1, more commonly known as the 'carry' position in the game, whereas Yawar will be playing in the well acknowledged team from North America, Quincy Crew, with the in game name QC.YS. His position would be the same as SumaiL's which is position 1.

Sumail in ESL Frankfurt 2015

SumaiL has been hailed as the King of the game for almost 6 years now given that he astonished the world with his immensely aggresive and smart plays when he used to play the role of position 2, also known as the midlaner, for the North American team 'Evil Geniuses'. In 2015, SumaiL claimed the Aegis of the Immortal, which is the name of the trophy presented to the winners of the largest esports tournament in the world, The International, Dota 2 Championships. His total earnings as of 21st of September, 2021 are $3,617,984.01 from 73 tournaments around the world, making him the highest esports earner as well as the youngest millionare in the history of eSports.

Yawar playing Dota 2
Yawar has prominently risen to fame in the recent years where he and his team the Quincy Crew, ranked number one in the North American region beating their rivals Evil Geniuses in the ranking system of Dota 2 called the Dota Pro Circuit (DPC) in the year 2020, following multiple tournament wins from different small to medium level tournaments of Dota 2. Due to Yawar's immensely versatile set of heroes, he has been playing a vital role in the team providing the team the ability to drive many different strategies due to his large hero pool. Yawar's current total earnings are $432,911 From 43 Tournaments.

The path to qualification for this year's The International was not at all easy for both the brothers as SumaiL was no longer playing in the DPC as he was a free agent, he played as a stand-in for Team Liquid, also a top tier team and a former TI winner, when one of their players Samuel 'Boxi' Svahn  decided to take a break, however, that pairing didn't work out as the team poorly performed in the Major. Yawar on the other hand, played immensely well in this tenure, beating top tier teams from around the world with his team QC. Due to multiple wins at the highest level, QC was already very high in the rankings of the DPC, following up with a mediocre performance in the Major where his team stood 6-7th place. This was enough to secure a position at The International 10 which will be held between Thu, Oct 7, 2021 – Sun, Oct 17, 2021.

For Sumail, the days turned to joy when he was recruited back to the only two times back to back TI winners in the previous years 2018 and 2019, OG as position 1 carry player, but it wasn't easy as OG had been poorly performing in the DPC causing them to be very lower ranked in the DPC rankings and due to this they had to fight through the NA qualifiers to earn a place at the TI to defend their title. The path through the qualifiers wasn't easy, fan favourite teams like Nigma, Team Liquid and Tundra ESports were also fighting in the qualifiers. However, once Sumail was settled in the team, his performances immensely improved and stunned many of their competitors as they marched through to the upper bracket finals in the qualifiers, only to be beaten by Tundra Esports and fall down to lower bracket where one of the toughest teams in the world, Team Nigma, was waiting for them. Following up with the loss to Tundra, OG didn't lose their motivation as they beat Team Nigma 2-1 in a best of three series to progress to the grand finals of the NA qualifiers where they had to face Tundra again. This time around, however, OG didn't make the same mistakes they previously made agaisnt Tundra and fought to the last battle and defeated them very convicingly in the 5th and final game of the grand finals which was a best of five, 3-2 to OG.

Tournament Dates to follow:

 Thu, Oct 7, 2021 – Sun, Oct 17, 2021

As Pakistanis, GNN wishes them the best of luck and is rooting for the both of them.

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Pakistan

Pakistan's COVID-19 death toll crosses 27,000 mark

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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Pakistan's COVID-19 death toll crosses 27,000 mark

According to National Command and Operations Center (NCOC), around 3,012 cases of coronavirus were reported while 66 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,004.

The total number of cases has reached 1,215,821.

As many as 1,112,236 patients have recovered from the disease with 5,039 critical cases.

Punjab               

The number of patients swelled to 418,196 in the province with 12,319 causalities.

Sindh

The number of infections has surged to 447,678 in the province, while the death toll has reached 7,210.

Khyber Pakhtunkhwa

The confirmed cases have surged to 169,972 in the province with 5,329 casualties.

Balochistan

There are 32,671 confirmed cases while 344 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,551 coronavirus cases in the AJK while the death toll has reached 727. On the other hand, there are 10,204 cases in GB with 182 coronavirus deaths.

Islamabad

There are 103,549 cases in the capital city while 893 people have lost their lives.

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Pakistan

Pakistan's COVID-19 positivity rate drops to 4.22%

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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Pakistan's COVID-19 positivity rate drops to 4.22%

Islamabad: Pakistan's coronavirus positivity ratio decreased to 4.22% from more than 11% a couple of weeks ago.

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

According to National Command and Operations Center (NCOC), around 2,167 cases of coronavirus were reported while 40 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,246. The daily Covid-19 positivity rate in Pakistan is at 4.22%.

The total number of cases has reached 1,226,008.

As many as 1,135,038 patients have recovered from the disease with 4,840 critical cases.

Punjab             

The number of patients swelled to 422,790 in the province with 12,407 causalities.

Sindh

The number of infections has surged to 450,787 in the province, while the death toll has reached 7,270.

Khyber Pakhtunkhwa

The confirmed cases have surged to 171,388 in the province with 5,412 casualties.

Balochistan

There are 32,769 confirmed cases while 344 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,787 coronavirus cases in the AJK while the death toll has reached 729. On the other hand, there are 10,245 cases in GB with 182 coronavirus deaths.

Islamabad

There are 104,242 cases in the capital city while 902 people have lost their lives

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