Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART V ADVANCE TAX AND DEDUCTION OF TAX AT SOURCE Division I Advance Tax Paid by the Taxpayer

Income Tax Ordinance, 2001 CHAPTER-X PROCEDURE PART V ADVANCE TAX AND DEDUCTION OF TAX AT SOURCE Division I Advance Tax Paid by the Taxpayer From: 2024-12-29 - To: 0000-00-00 1[147A. Advance tax from provincial sales tax registered person.- (1) Every provincial sales tax registered person shall be liable to pay adjustable advance tax at the rate of three per cent of the turnover declared before the provincial revenue authority. (2) The advance tax under sub-section (1) shall be paid monthly at the time when sales tax return is to be filed with the provincial revenue authority. (3) Advance tax paid under this section may be taken into account while working out advance tax payable under section 147. (4) The provisions of this Ordinance shall apply to any advance tax due under this section as if the amount due were tax due under an assessment order. (5) A taxpayer who has paid advance tax under this section for a tax year shall be allowed a tax credit for that tax in…