Welcome to PakSearch.com Pakistan's Premier Business Information
Service


For business information, annual reports, laws, ordinances, regulations and articles.






Google
 
Web Paksearch.com

CHAPTER VI

Substituted for full stop by Finance Ordinance, 1981.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From [Provided that tax. . . . . . . . . . . . . . . . . . . 1980 (XVIII OF 1980) :]
Proviso inserted by Finance Ordinance, 1981.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for full stop by Finance Ordinance, 1982.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided further that,. . . . . . . . . . . . . . . . . . . . as the case may be.]
Proviso inserted by Finance Ordinance, 1982.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "Income Tax Officer" by Finance Act, 1993.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (2A) inserted by Finance Ordinance, 1984.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Words inserted by Finance Act, 1989.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [, or any financial institutions]
Commas, words etc. inserted by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "company referred to in sub-clauses (a) and (b) of clause (16) of section 2, or any finance society" by Finance Act, 1995.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Words inserted by Finance Act, 1989.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commas and words ",being resident," omitted by Finance Act, 1992 w.e.f. July 1, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

Proviso omitted by Finance Act, 1994.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided further that. . . . . . . . . . . . . . . . . . . of July, 1989.]
Proviso added by Finance Act, 1985.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "after the thirtieth day of June, 1985" by Finance Act, 1989.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (2B) inserted by Finance Act, 1994.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Words inserted by Finance Act, 1996 w.e.f. July 1, 1996.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Word "and" omitted by Finance Act, 1995. Earlier it was omitted by Income Tax (Amendment) Ordinance, 1994 dated July 13, 1994, Income Tax (Fifth Amendment) Ordinance, 1994 dated November 13, 1994 and Income Tax (Third Amendment) Ordinance, 1995.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [and the payments in . . . . . . . . . . . . . . . . . nature of instrument.]
Words etc. inserted by Finance Act, 1995. Earlier these were inserted by Income Tax (Amendment) Ordinance, 1994 dated July 13, 1994, Income Tax (Fifth Amendment) Ordinance, 1994 dated November 13, 1994 and Income Tax (Third Amendment) Ordinance, 1995.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Or sub-section (2A) or sub-section (3A) or sub-section (4) or sub-section (4A) or sub-section (6A) or sub-section (7A) or sub-section (7C) or sub-section (7D)]
Inserted by Finance Act, 1987.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Or sub-section (2A) or sub-section (3A) or sub-section (4) or sub-section (4A) or sub-section (6A) or sub-section (7A) or sub-section (7C) or sub-section (7D)]
20Substituted for "sub-section (3A)" by Finance Act, 1992 w.e.f. July 1, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Or sub-section (2A) or sub-section (3A) or sub-section (4) or sub-section (4A) or sub-section (6A) or sub-section (7A) or sub-section (7C) or sub-section (7D)]
21Substituted for "or sub-section (6A)" by Finance Act, 1995.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "Income Tax Officer" by Finance Act, 1993.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Words etc. "and sub-section (2)" omitted by Finance Ordinance, 1982.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for full stop by Finance Act, 1987.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided that nothing contained. . . . . . .. . . . . . of a non-resident company.]
Proviso substituted by Finance Act, 1995. Earlier it was inserted by Finance Act, 1987.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided that, Where on an application . . . . . . . . . . . . . . at such lower rate.]
Sub-section (3A) inserted by Finance Act, 1987.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "full stop" by Finance Act, 1993.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided that, where on an application . . . . . . . . . . . . such lower rate.]
Proviso inserted by Finance Act, 1993.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commas and words inserted by Finance Ordinance, 1980 w.e.f. July 1, 1980.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "any public company or a foreign association declared as a company under clause (16) of section 2" by Finance Ordinance, 1980 w.e.f. July 1, 1980.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inserted by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The commas and words ",where the total value, in any financial year, of goods supplied or contracts executed exceeds fifty thousand rupees, or of services rendered exceeds ten thousand rupees," omitted by Finance Act, 1991. Earlier words "contracts executed" and "of services" were substituted for "contract executed" and "of service" respectively by Finance Ordinance, 1984 and the commas, words etc. ", in any financial year, of goods supplied or contract executed exceeds fifty thousand rupees, or of service rendered exceeds ten thousand rupees" were substituted for "of such goods supplied, contract executed or service rendered in any financial year exceeds fifty thousand rupees" by Finance Ordinance, 1981 w.e.f. July 1, 1981.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "semi-colon" by Finance Act, 1992 w.e.f. July 1, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Word "and" omitted by Finance Ordinance, 1980 w.e.f. July 1, 1980.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proviso inserted by Finance Act 1992, w.e.f. July 1, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for colon by Finance Ordinance, 1980 w.e.f. July 1, 1980.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clause (c) omitted by Finance Act, 1994. Earlier it was inserted by Finance Ordinance, 1980 w.e.f. July 1, 1980.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explanation to sub-section (4) omitted by finance ordinance, 1981 w.e.f. July 1, 1981.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (4A) inserted by Finance Act, 1989.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Words and comma inserted by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

Commas and words ", where such payment, in any financial year, exceeds fifty thousand rupees," omitted by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "full stop" by Finance Act, 1991
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proviso omitted by Finance Act, 1994. Earlier it was inserted by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "leviable" by Finance Act, 1995.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for colon by Finance Act, 1996.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided that in the . . . . . . . . . . . . . . . and be treated accordingly.]
Provisos inserted by Finance Act, 1996.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Words "under this sub-section" omitted by Finance Act, 1997.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "by fifty" vide Finance Act, 1997.
RETURN

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided that- . . . . . . . . . . (ii) nothing . . . . . . . as payers.]
Proviso substituted by Finance Act, 1995. Earlier it was substituted by Finance Act, 1994 and amended by Finance Ordinance, 1980.

RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided further that . . . . . . . . . . . . . . . . . . . . . JP-1 and MTBE."]
2nd proviso substituted by Finance Act, 1997.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3rd proviso omitted by Finance Act, 1994.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (5A) inserted by Finance Act, 1992 w.e.f. July 1, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proviso omitted by Finance Act, 1994.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (5B) inserted by Finance Act, 1995. Before omission by Finance Act, 1994, a different sub-section (5B) was inserted by Finance Act, 1993 w.e.f. July 1, 1993.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Words "plying for hire" omitted by Finance Act, 1992 w.e.f. July l, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "twenty" by Finance Act, 1989.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "with effect from such date as may be specified in this behalf by the Federal Government by notification in the official Gazette" by Finance Ordinance, 1980 w.e.f. July 1, 1980.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (6A) substituted by Finance Act, 1991. Earlier it was inserted by Finance Act, 1989.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proviso omitted by Finance Act, 1994.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (7A) inserted by Finance Ordinance, 1981 w.e.f. July l, 1981.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commas and Words" other than a plot of land," were inserted by Finance Act, 1985 later on words "other than a plot of land" were omitted by Finance Act, 1992 w.e.f. July l, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explanation inserted by Finance Ordinance, 1984 w.e.f. July 1, 1984.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (7B) inserted by Finance Act, 1989.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "and fixtures" by Finance Act, 1994.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "full stop" by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proviso omitted by Finance Act, 1994. Earlier it was inserted by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (7BB) inserted by Finance Act, 1993 w.e.f. July 1, 1993.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clause (i) omitted by Finance Act, 1994
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (7C) inserted by Finance Act, 1990.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (7D) inserted by Finance Act, 1991.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for full stop vide Finance Act, 1997.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided that where. . . . . . . . . . . . . the case may be.]
Proviso inserted by Finance Act, 1997.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (7E) inserted by Finance Act, 1992 w.e.f. July 1, 1992.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New sub-section (7F) inserted by Finance Act, 1996, w.e.f. July 1, 1996.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-section (10) inserted by Finance Act, 1995.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [53. Advance payment of tax,- (1). . . . . . . . . . . . . . . . . . the fifteenth day of June]
Section 53 substituted vide Finance Act, 1997.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for full stop by Finance Ordinance, 1980.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM [Provided that where . . . . . . . . . . . . . . . . . . . . . . . . . . payable under this section.]
Proviso inserted by Finance Ordinance, 1980.

RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Substituted for "Income Tax Officer" by Finance Act, 1993.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explanation added by Finance Act, 1993 and shall always be deemed to have been so added.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Word "Fifteenth day of June" Subs by Finance Act, 1998 dated 1st July 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-Sections (3),(4) and (5) Inserted by Finance Act, 1997 dated 1st July 1997.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

Word inserted by Finance Act. 1998 dated 1st July 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proviso shall be substituted and explanation inserted by Finance Act, 1998. Dated 1st July 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

These words inserted by Finance Act 1998, dated 1st July, 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

These words " of twenty-five thousand rupees or more or value thereof " are deleted by Finance Act 1998. Dated 1st July, 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

These words are inserted by Finance Act 1998. Dated 1st July 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

These words " or sub-section (2) of section 50" Substituted by Finance Act. 1998, dated 1st July 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

These words inserted by Finance Act 1998 Dated 1st July 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clause (i) shall be omitted by Finance Act. 1998. Dated 1st July, 1998.
RETURN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The words "30th December" & "30th of March" substituted by Finance Act 1998, dated 1st July 1998.
RETURN

Google
 
Web Paksearch.com




Home | About Us | Contact | Information Resources