Tax Book 2023

Deduction / Payment of Tax Chapter- 23

mission

of a foreign state and any

other person notified

by FBR.

a private educational

institution, a boutique, a

beauty parlor, a hospital, a

clinic or a maternity home;

Individuals or association of

persons paying gross rent

of Rs.1,500,000 & above in

a year.

Upto Rs 300 ,000 Nil

Exceeding Rs. 300 ,000 but does not exceeds Rs. 600 ,000

5 % of amount

exceeding Rs.

300 ,000

Exceeding Rs. 600 ,000 but does not exceeds Rs.

2 ,000,000

Rs. 15 0,000 +

10 % of amount

exceeding

Rs. 6 00,000

Exceeding Rs. 2 ,000,000

(b) For a company as payer

Rs.155,000 plus

20% of the gross

amount

exceeding

Rs. 2 ,000,000

15% of gross rent

Nil

IMPORTANT NOTES

NON APPLICABILITY OF PROVISIONS OF TAX AT SOURCE U/S 154 UNDER VARIOUS CLAUSES OF PART IV OF 2ND SCHEDULE TO THE ITO, 2001:

U/C 16 Non application of minimum tax and other provisions on institutions of the Agha Khan Development Network (Pakistan).

U/C 68 The provisions of section 1 55 shall not apply in respect of payments made to the Pakistan Domestic Sukuk Company Ltd.

156

Prizes and winnings

For

ATL

For

non

ATL