Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART V ADVANCE TAX AND DEDUCTION OF TAX AT SOURCE Division IV General Provisions Relating to the Advance Payment of Tax or the Deduction of Tax at Source

From: 2023-07-01 - To: 0000-00-00 165. Statements.- (1) Every person collecting tax under Division II of this Part 1[or Chapter XII] or deducting tax from a payment under Division III of this Part 2[or Chapter XII] shall, 3[***], furnish to the Commissioner a 4[ 5[quarterly]] statement in the prescribed form setting out- (a) the name 6[Computerized National Identity Card Number, National Tax Number] and address of each person from whom tax has been collected under Division II of this Part 7[or Chapter XII 8[or the Tenth Schedule]] or to whom payments have been made from which tax has been deducted under Division III of this Part 9[or Chapter XII 10[or the Tenth Schedule]]] in 11[each quarter] (b) the total amount of payments made to a person from which tax has been deducted under Division III of this Part 12[or Chapter XII 13[or the Tenth Schedule]]] in 143[each 15[ 16[quarter]] (c) the total amount of tax collected from a person under Division II of this Part 17[or Chapter XII 18[or the Tenth Schedule]] or deducted from payments made to a person under Division III of this Part 19[or Chapter XII 20[or the Tenth Schedule]] in 21[each 22[ 23[quarter]] and (d) such other particulars as may be prescribed 24[:] 25[Provided that every person as provided in sub-section (1) shall be required to file withholding statement even where no withholding tax is collected or deducted during the period] 25a[:] 26[Provided further that this section shall not apply where information required under sub-section (1) has been furnished under section 165A.] 27[Explanation.-For the removal of doubt, it is clarified that this sub-section overrides all conflicting provisions contained in the Protection of Economic Reforms Act, 1992 (XII of 1992), the Banking Companies Ordinance, 1962 (LVII of 1962), the Foreign Exchange Regulation Act, 1947 (VII of 1947) and the regulations made under the State Bank of Pakistan Act, 1956 (XXXIII of 1956), if any, on the subject, in so for as divulgence of information under section 165 is concerned.] 28[(1A) Every person involved or engaged in economic transactions as prescribed by the Board shall furnish to the Commissioner a quarterly statement in the…