Web28 Jan 2024 · 3. Provisional assessment. (1) Where for a tax year person’s tax has been collected or deducted in accordance with rule 1 and the person fails to file return of income or statement, as the case may be, for that tax year within the due date provided in section 118 or as extended by the Board, the Commissioner shall notwithstanding anything … Web27 Jun 2024 · Every taxpayer 1 [whose income was charged to tax for the latest tax year under this Ordinance or latest assessment year under the repealed Ordinance] other than – 2 [ ] (b) income chargeable to tax under sections 5, 6 and 7; 3 [ ] (c) income subject to deduction of tax at source under section 149; 4 [and] 5 [ ]
Income Tax Ordinance, 2001 (Updated 30th June 2024)
Web8 Jan 2024 · Section 165 - Filing of Income Tax Withholding Statement. by Black Pearl • January 08, 2024. Updated upto 30.06.2024. (1) Every person collecting tax under … WebSections 161/205 of tax law: action cannot be taken against withholding agents: SHC. Sindh High Court (SHC) on Sunday declared that action under sections 161/205 of the Income … mphy ufs
Income Tax Ordinance, 2001 (Updated 30th June 2024)
Webcalled, excluding the amount which is refundable. The tax collected in this section is adjustable. The withholding agent for the purposes of this section i.e. educational institution shall also provide details in the withholding statement to be filed under section 165 to the Income Tax Ordinance, 2001. WebTax Consultancy Services. Country/Region. Pakistan. Period. 01 year from the date of contract. Assignment Purpose. The purpose of this assignment is to ensure Tax compliances with Income Tax ordinance 2001, Tax Act 1990 & Islamabad Capital Territory Ordinance 2001. Commissioning Organisation/contact person Web22 Feb 2024 · Currently tax deduction under section 153(1)(a) of the Ordinance read with clause (24C) of Part II to the Second Schedule on receipts in the hands of dealers and sub-dealers of sugar, cement and edible oil are subject to reduced withholding tax rate of 0.25% of the gross amount of payments. Similarly, the rate of minimum tax under section 113 ... mpi4py send recv