Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART XII 1[DEFAULT SURCHARGE

From: 2023-07-01 - To: 0000-00-00 1[205A. Reduction in 2[default surcharge], consequential to reduction in tax or penalty.- Where, in consequence of any order made under this Ordinance, the amount of tax or penalty in respect of which 2[default surcharge] is chargeable under section 205 is reduced, the 2[default surcharge], if any, levied under the aforesaid section shall be reduced accordingly.] ______________________________________________________________________ 1-Section 205A was inserted vide the Finance Act, 2003 (I of 2003 assented on 16th June, 2003) 2-Substituted for the words “additional tax” vide the Finance Act, 2010 (XVI of 2010). This amendment was effective from 5th June, 2010 by the declaration made under the Provisional Collection of Taxes Act, 1931 (XVI of 193I). Earlier this amendment was made vide the finance (Amendment) Ordinance, 2010 (III of 2010 promulgated on 6th February, 2010 and the Finance (Amendment) Ordinance, 2009 (XXII of 2009 promulgated on 28th October, 2009) From: 2009-10-28 - To: 2023-06-30 1[205A. Reduction in 2[default surcharge], consequential to reduction in tax or penalty.- Where, in consequence of any order made under this Ordinance, the amount of tax or penalty in respect of which 2[default surcharge] is chargeable under section 205 is reduced, the 2[default surcharge], if any, levied under the aforesaid section shall…