Statements:
1. The government has decided to give tax benefits for small savings for investments and benefit accruals. However, all withdrawals of such savings are to be taxed.
2. People have been investing more in small savings than in equity market to avail maximum tax benefits.
Review the verified answer and explanation for this DemoPaper-Pakistan past-paper question on CampusFin.
Statements:
1. The government has decided to give tax benefits for small savings for investments and benefit accruals. However, all withdrawals of such savings are to be taxed.
2. People have been investing more in small savings than in equity market to avail maximum tax benefits.
Answer: Both the statements I and II are independent causes.