Income Tax Ordinance, 2001

CHAPTER-XII

TRANSITIONAL ADVANCE TAX PROVISIONS

From: 2023-07-01 - To: 0000-00-00 1[***] _______________________________________________________________ 1-Section “236V” omitted by Finance Act, 2021, dated 30-06-2021. Earlier this section was inserted, vide Finance Act, 2016 Before omission read as: 1[236V. Advance tax on extraction of minerals.- (1) There shall be collected advance tax at the rate specified in Division XXVI of Part-IV of the First Schedule on the value of minerals extracted, produced, despatched and carried away from the licensed or leased areas of the mines. (2) Advance tax under sub-section (1) shall be collected by the provincial authority collecting royalty per metric ton from the lease-holder of mines or any person extracting minerals. (3) Advance tax collected under this section shall be adjustable. (4) The value of the minerals for the purpose of this section shall be as specified by the Board.] From: 2021-07-01 - To: 2023-06-30 1[***] _______________________________________________________________ 1-Section “236V” omitted by Finance Act, 2021, dated 30-06-2021. Earlier this section was inserted, vide Finance Act, 2016 Before omission read as: 1[236V. Advance tax on extraction of minerals.- (1) There shall be collected advance tax at the rate specified in Division XXVI of Part-IV of the First Schedule on the value of minerals extracted, produced, despatched and carried away…