Income Tax Ordinance, 2001

CHAPTER-XII

TRANSITIONAL ADVANCE TAX PROVISIONS

From: 2023-07-01 - To: 0000-00-00 234. 1[Tax on motor vehicles].- (1) Any person 2[at the time of] collecting motor vehicle tax shall also collect advance tax at the rates specified in 3[Division III of] Part IV of the First Schedule. (2) If the motor vehicle tax is collected in installments 4[or lump sum] the advance tax may also be collected in installments 5[or lump sum] in like manner. 6[(2A) In respect of motor cars used for more than ten years in Pakistan, no advance tax shall be collected after a period of ten years.] (3) In respect of a passenger transport vehicle with registered seating capacity of ten or more persons, advance tax shall not be collected after a period of ten years from the first day of July of the year of make of the vehicle. (4) In respect of a goods transport vehicle with registered laden weight of 7[*** ] less than 8120 kilograms, advance tax shall not be collected after a period of ten years from the date of first registration of vehicle in Pakistan. 8[(5) Advance tax collected under this section shall be adjustable.] 9[(6) For the purpose of sub-sections (1) and (2) “motor vehicle” shall include the vehicles specified in sub-section (7) of section 231B.] ____________________________________________________________________ 1-Substituted for the marginal note “Transport business” vide the Finance Act, 2008 (I of 2008 assented on 26th June, 2008) 2-The words inserted vide the Finance Ordinance, 2002 (XXVII of 2002 promulgated on 15th June, 2002) 3-Inserted vide the Finance Act, 2013 (Act No. XXII of 2013) assented on 29th June, 2013 4-For the comma, the words “or lump sum” was substituted vide the Finance Act, 2013 (Act No. XXII of 2013) assented on 29th June, 2013 5-Inserted vide the Finance Act, 2013 (Act No. XXII of 2013) assented on 29th June, 2013 6-Sub-section (2A) inserted vide the Finance Ordinance, 2002 (XXVII of 2002 promulgated on 15th June, 2002) 7-The words “2030 kilogram or more but” were omitted vide the Finance Act, 2003 (I of 2003 assented on 16th June, 2003) 8-Substituted for sub-section (5) vide the Finance Act, 2013 (Act No. XXII of 2013) assented on 29th June, 2013. At the time of substitution sub-section (5) was…