Income Tax Ordinance, 2001

CHAPTER-XII

TRANSITIONAL ADVANCE TAX PROVISIONS

From: 2023-07-01 - To: 0000-00-00 1[***] _______________________________________________________________________ 1-Section “236W” was omitted vide Finance Act, 2019 (V of 2019) assented on 30th June, 2019. At the time of omission section “236W” was as under:- “i[236W. Tax on purchase or transfer of immovable property.- (1) Every person responsible for registering ii[, recording] or attesting transfer of any immovable property shall at the time of registering III[, recording] or attesting the transfer shall collect from the purchaser or transferee advance tax at the rate of three per cent of the amount computed under clause (c) of sub-section (4) of section 111. iv[Explanation,-For removal of doubt, it is clarified that the person responsible for registering, recording or attesting transfer includes person responsible for registering, recording or attesting transfer for local authority, housing authority, housing society, co-operative society and registrar of properties.] (2) Tax collected under sub-section (5) shall not be adjustable.]” i Inserted vide Income Tax (Amendment) Act, 2016 passed by NA on 30th November, 2016 ii Inserted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017 III Inserted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017 iv Added vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017 From: 2019-07-01 - To: 2023-06-30 1[***] ​ _______________________________________________________________________ 1-Section “236W” was omitted vide Finance Act, 2019 (V of 2019) assented on 30th June, 2019. At the time of omission section “236W” was as under:- “i[236W. Tax on purchase or transfer of immovable property.- (1) Every person responsible for registering ii[, recording] or attesting transfer of any immovable property shall at the time of registering III[, recording] or attesting the transfer shall collect from the purchaser or transferee advance tax at the rate of three per cent of the amount computed under clause (c) of sub-section (4) of section 111. iv[Explanation,-For removal of doubt, it is clarified that the person responsible for registering, recording or attesting transfer includes…