Tax Book 2023

Deduction / Payment of Tax Chapter- 23

IMPORTANT NOTES:

Any person at the time of collecting motor vehicle tax shall also

collect advance tax

(^) 1. If the motor vehicle tax is collected in installments, the advance tax may also be collected in installments.

2. In respect of motor cars used for more than 10 years in Pakistan, no advance tax shall be collected after a period of 10 years.

3.

4.^
5. In respect of a passenger transport vehicle with registered seating capacity of 10 or more persons, advance tax shall not be collected after a
period of 10 years from the first day July of the year of make of the vehicle.
6. For goods transport vehicle with registered laden weight less than 8120 kg, advance tax shall not be collected after a period of 10 years from
the date of first registration in Pakistan.

7.

8.

9.^ 'Motor vehicle' shall have the same meanings as are assigned to it in section 231B(7).^ 10.^

234A

CNG

Station

Omitted by Finance Act, 2021

235

1. Electricity commercial and industrial
   consumer with amount of bill.

If

exemption

Adjustable only in

case of

companies. Person preparing Payment of

Electric

ity (^)
certificate
from electricity electricity bill
CIR is
produced.
For all other
persons it consumption bill
a) Upto Rs. 500 Rs. 0
shall be minimum
tax on
b) Exceeds Rs. 500 but does not exceed Rs.
20,000.
10% of the
amount.
income of the
person, if the
c) Exceeds Rs.20,000
Rs. 1950 plus
12% of the
amount
exceeding Rs.
20,000 for
commercial
consumers Rs.
1950 plus
5% of the
amount
exceeding
bill is upto
Rs.3 6 0,000 per