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Withholding Tax on Residents Section 153

Introduction Withholding tax on residents is collected under Section 153 of the Income Tax Ordinance, 2001.  According to Section 81…

2 years ago

Withholding Tax on Payments to Non Residents

Introduction Withholding tax on payments to non residents in Pakistan is applicable under Section 152 of the Income Tax Ordinance,…

2 years ago

Tax Rate for Payment to Non Resident Section 152

Introduction The tax rate for payment to non resident under Section 152 of the Income Tax Ordinance, 2001 is given…

2 years ago

Withholding Tax on Profit on Debt Section 151

Introduction In Pakistan, withholding tax on profit on debt is applicable to interest income earned from various types of debt…

2 years ago

Withholding Tax on Dividends in Pakistan

Introduction Withholding tax on dividends in Pakistan is deducted under Section 150 of the Income Tax Ordinance, 2001. Dividends are…

2 years ago

Withholding Tax on Salary Income Section 149

  Introduction Withholding tax on salary income is deducted under Section 149 of the Income Tax Ordinance 2001. Withholding tax…

2 years ago

Tax Rate on Salary in Pakistan Section 149

Introduction The tax rate on salary in Pakistan is given in the Division I Part I of the First Schedule…

2 years ago

Imposition of Withholding Sales Tax in Pakistan

Introduction Withholding sales tax under Sales Tax Act 1990 is deducted in accordance with the provisions of Section 3(7) of…

3 years ago

Latest Eleventh Schedule of Sales Tax Act 1990

Introduction The Eleventh Schedule of the Sales Tax Act, 1990 describes the rates for withholding of sales tax in accordance…

3 years ago

Advance Tax Under Income Tax Ordinance 2001

Advance Tax under Section 147 According to Section 147 of the Income Tax Ordinance, 2001, “every taxpayer whose income was…

3 years ago