Tax Book 2023

Deduction / Payment of Tax Chapter- 23

NON APPLICABILITY OF PROVISIONS REGARDING TAX AT SOURCE U/S 23 6 A UNDER VARIOUS CLAUSES OF PART IV OF 2ND SCHEDULE TO THE

ITO, 2001:

U/C (95) The provisions of sections 147, 151, 152, 236A and 236K shall not apply to the Second Pakistan International Sukuk Company Limited, the Third

Pakistan International Sukuk Company Limited and The Pakistan Global Sukuk Programme Company Limited, as a payer.

U/C (95A) The provisions of section 236A shall not apply in respect of auction of franchise rights to participating teams in a national or international

league organized by any board or other organization established by the Government in Pakistan for the purposes of controlling, regulating or encouraging major

games and sports recognized by the Government with effect from the first day of July; 20l9.

236B

Advance

tax on

purchas

e of Air

Ticket

Omitted and merged with section 235

236C

Immove

able

property

Advance tax on gross amount of consideration

received on sale or transfer of immovable

property

ATL

2 %

Non-

ATL

5 %

Nil Adjustable

Person responsible for

registering or attesting

transfer

At the time of

registering or

attesting the

transfer

Provided further that immovable property acquired and disposed of within the same tax year, the tax collected under this section shall be minimum tax.

NON APPLICABILITY OF PROVISIONS REGARDING TAX AT SOURCE U/S 236C UNDER VARIOUS CLAUSES OF PART IV OF 2ND SCHEDULE TO THE ITO, 2001:

U/C ( 97 ) The provision of section 23 6C shall not apply to ―Pakistan International Sukuk Company Limited.

236G

Advance

Tax on

sales to

distribut

ors,

dealers

&

wholesal

er

Advance tax has to be collected from wholesaler,

distributor & dealers at the time of sales made to

them.

i) Fertilizers

ii) Other than Fertilizer

0.7%

1.4%

Nil

Adjustable

From the distributors,

dealers and wholesales

to whom such sales

have been made

at the time of

sale to

distributors,

dealers and

wholesalers

0.1% 0.2% Nil