Tax Book 2023

Deduction / Payment of Tax Chapter- 23

Advance tax on purchase or transfer of

immovable property

Advance Tax on payment of installment

in respect of purchase of allotment of

immovable property where transfer is to

be effected after making payment of all

installments:

IMPORTANT NOTES:^

1. Provisions of section 236K do not apply to a scheme introduced by Government (Federal, Provincial) or an Authority established by Government
   for expatriate Pakistanis with a condition that mode of payment shall be in the foreign exchange remitted from outside Pakistan through normal
   banking channels.'


2. Provided that the mode of payment by the expatriate Pakistanis in the said scheme or schemes shall be in the foreign exchange remitted from
   outside Pakistan through normal banking channels;


3. Rate of tax for Non-Filer shall be 1% up to the date appointed the FBR through a notification in the official Gazette.


4. Explanation,—For the removal of doubt, it is clarified that the person responsible for registering, recording or attesting transfer includes person
   responsible for registering, recording or attesting transfer for local authority, housing authority, housing society, co-operative society and registrar
   of properties.

NON APPLICABILITY OF PROVISIONS REGARDING TAX AT SOURCE U/S 236K 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.

236L

Advance tax on purchase of international Air

tickets

Omitted by Finance Act, 2021

236P

Advance

tax on

banking

transact

ion other

than

through

cash

Omitted by Finance Act, 2 021