Income Tax Ordinance, 2001

CHAPTER-XII

TRANSITIONAL ADVANCE TAX PROVISIONS

From: 2023-07-01 - To: 0000-00-00 1[***] ____________________________________________________________________ 1-Sections “234A” omitted by Finance Act, 2021, dated 30-06-2021. Before omission read as: 1[234A CNG Stations.- (1) There shall be collected advance tax at the rate specified in Division VIB of Part III of the First Schedule on the amount of gas bill of a Compressed Natural Gas station. (2) The person preparing gas consumption bill shall charge advance tax under sub-section (1) in the manner gas consumption charges are charged. (3) The tax collected under this section 2[and under section 235] shall be a 3[minimum] tax on the income of a CNG station arising from the consumption of the gas referred to in sub-section (1). 4[Explanation.-For removal of doubt, it is clarified that for the purposes of this section tax on income arising from consumption of gas referred to in sub-section (3) means the tax collected under sub-section (1) which is inclusive of sales tax and all incidental charges.] 5[***] 1-Section 234A inserted vide the Finance Act, 2007 (IV of 2007 assented on 30th June, 2007) 2-Inserted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017 3-Substituted for the word “final” vide Finance Act, 2019 (V of 2019) assented on 30th June, 2019 4-Inserted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017 5-Omitted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017. At the time of omission sub-section (4) was as under:-- (4) The taxpayers shall not be entitled to claim any adjustment of withholding tax collected or deducted under any other head, during the tax year. From: 2019-07-01 - To: 2021-06-30 1[234A CNG Stations.-(1) There shall be collected advance tax at the rate specified in Division VIB of Part III of the First Schedule on the amount of gas bill of a Compressed Natural Gas station. (2) The person preparing gas consumption bill shall charge advance tax under subsection (1) in the manner gas consumption charges are charged. (3) The tax collected under this section 2[and under section 235] shall be a 3[minimum] tax on the income of a CNG station arising from the consumption of the gas…