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Income Tax Ordinance, 2001
CHAPTER-XII TRANSITIONAL ADVANCE TAX PROVISIONS
From: 2023-07-01 - To: 0000-00-00 235. Electricity consumption.- (1) There shall be collected advance tax at the rates specified in 1[Division IV of] Part-IV of the First Schedule on the amount of electricity bill of a commercial or industrial 2[or domestic] consumer 3[:] 3[Provided that the provisions of sub-section (1) shall not apply to a domestic consumer of electricity if his name appears on the Active Taxpayers’ List.] 4[***] (2) The person preparing electricity consumption bill shall charge advance tax under sub-section (1) in the manner electricity consumption charges are charged. 5[Explanation.- For removal of doubt, it is clarified that for the purposes of this section electricity consumption bill referred to in sub-section (2) means electricity bill inclusive of sales tax and all incidental charges.] (3) Advance tax under this section shall not be collected from a person who produces a certificate from the Commissioner that his income during tax year is exempt from tax 6[or that he has discharged advance tax liability 7[under section 147 or whose entire income is subject to final tax regime or minimum tax regime under any provisions of this Ordinance other than this section]]. 8[(4) Under this section,- (a) in the case of a taxpayer other than a company, tax collected up to bill amount of 9[three hundred and sixty thousand Rupees per annum] shall be treated as minimum tax on the income of such persons and no refund shall be allowed; (b) in the case of a taxpayer other than a company, tax collected on monthly bill over and above thirty thousand rupees per month shall be adjustable; and 10[(c)] in the case of a company 10[or domestic consumer], tax collected shall be adjustable against tax liability.] ________________________________________________ 1-The expression inserted by Finance Act, 2020, dated 30-06-2020 2-Words inserted by Finance Act, 2021, dated 30-06-2021 3-For the full stop and Proviso added by Finance Act, 2021, dated 30-06-2021 4-Sub-section “(1A)” omitted by Tax Laws (Amendment) Act, 2023, dated 22-08-2022 and deemed to have been so omitted from the 1st day of July, 2022. Earlier Before substitution read as: “(1A) In addition to tax…
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