Shoppers across the country will have to provide their computerized national identity card (CNIC) number for purchases exceeding amount of___________?
Correct answer: A. Rs. 50,000
- A. Rs. 50,000
- B. Rs. 60,000
- C. Rs. 70,000
- D. Rs. 90,000Everyday Science Quiz
Explanation
Under the 2019 tax documentation rules, buyers had to provide a CNIC for purchases exceeding Rs. 50,000. The measure was intended to improve documentation of retail transactions and broaden the tax base.
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