Investment in Shares

[umar]

Dear All

I am a permanent resident of pakistan.Besides my job I have an investment of around 1 million Rs. in the stocks of the listed companies in pakistan.I do regular trading and from this trading i have earned around 350000 Rs.My income through trading is taxable, can i use this income + my salary for last 12 month earnings points or not.

Kindly help me in this regard.

[majic]

The asnwer to your question is NO.

The only salary which constitutes as valid is the salary that you earn through your Professional Work which is the same as the profession as the as one which you are using to get HSMP.

Bhatay mertay hoo Yeah Dhedi (AKD) tumhara chacha hai, becuase normal trading say too koi Rs 35000 / Month nahin kama sektha.

[MWazir]

Read the Past Earnings section of the HSMP guidelines document. It states the type of taxable incomes that it will take into consideration and those that it will not.

I probably have an old copy, please download and check the latest one.

7.3.3 It is important to note that not all income will be considered. Unearned income such as dividends from investments (unless it is in a company in which you are active in day-to-day management), property rental income, and interest on savings or funds received through an inheritance are not used when calculating your income.