Web22 Aug 2024 · Under Section 236I of Income Tax Ordinance, 2001, every person preparing fee voucher or challan shall collect/deduct withholding tax from the person … WebWithholding Tax under section 236I of Income Tax Ordinance 2001 is applicable @ 5% on Tuition Fee, Admission Fee and Administrative Charges. However, this tax is not …
MEMORANDUM - Institute of Business Management
WebUnder the section 149 of Income Tax Ordinance 2001, income tax in respect of an employee is required to be deducted by the persons responsible for paying salary to an employee … WebChanges to legislation: Taxation of Chargeable Gains Act 1992, Section 236I is up to date with all changes known to be in force on or before 07 March 2024. There are changes that … brown bear in snow
FINANCE ACT 2024 - racopk.com
Web15 Jun 2024 · Under section 114(1), you were required to voluntarily file an Income Tax return for the above-mentioned Tax Year. But no return was filed within the due time and under the provision of section 118 of the Income Tax Ordinance, 2001. The default of non-filling of return for the subject tax year, therefore, stands established. WebSub-section (1) of Section 151 of the Income Tax Ordinance, 2001 ("2001 Ordinance") provides, in its clauses (b) and (d), that whenever a banking company pays profit on debt in any of the situations therein envisaged it must deduct tax thereon at the rate specified in the First Schedule (10% of the yield or profit paid). Webselection for tax audit by the Board under section 214C or by the Commissioner under section 177. New tax credit introduced for specified industrial undertakings The Amendment Ordinance has introduced a new tax credit under section 65G, whereby, a tax credit of 25% of investment in plant and machinery will now be available to the following ... brown bear in new mexico