Tax Book 2023

Deduction / Payment of Tax Chapter- 23

U/C 38A A venture Capital Company.

U/C 38C Islamic Development Bank.

U/C 47B Any person making payment to NIT, a collective Scheme, approved pension fund, approved income payment plan, a REIT^ Scheme,^ including Special^
Purpose Vehicle or a recognized provident fund, an approved superannuation fund or an approved gratuity fund.
U/C 67 The provisions of section 233 shall not apply in respect of payments made to the International Finance Corporation established under the
International Finance Corporation Act, 1956.
U/C 69 The provisions of section 233 shall not apply in respect of payments made to the Asian Development Bank established under the Asian Development
Bank Ordinance, 197 1.

U/C 72 Payments made to The ECO Trade and Development Bank.

233A Collection of tax by stock exchange

from: (^)
This section has been made inapplicable with effect from 1
st
March, 2019 through insertion of
sub-section 3 vide Finance Supplementary (Second Amendment) Act, 2019
a) On purchase of shares in lieu of the commission
earned by its Member
b) Commission on sale of shares earned by its members
233AA Omitted by Finance Act, 2021
234(1) (^) Motor vehicle:
Tax on
Motor
Vehicle
From plying or hiring of
Goods transport vehicle Rupees Nil Adjustable Person responsible Collection of
with registered laden weight: (Per annum) for collection of motor motor vehicle
ATL
Non-
ATL vehicle tax
Tax in
installment or
lump sum
For plying or hiring of Goods Rs.
2 .50
per Kg
of the
laden
weight
Rs. 5
per Kg
of the
laden
weight
234(1A)
Transport vehicle with registered weight