Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART V ADVANCE TAX AND DEDUCTION OF TAX AT SOURCE Division III Deduction of Tax at Source

From: 2023-07-01 - To: 0000-00-00 1[158. Time of deduction of tax.- A person required to deduct tax from an amount paid by the person shall deduct tax - (a) in the case of deduction under section 151, at the time the amount is 2[paid or] credited to the account of recipient 3[, whichever is earlier]; and (b) in other cases, at the time the amount is actually paid 4[; and (c) amount actually paid shall have the meaning as may be prescribed.] ___________________________________________________________________ 1-Section 158 was substituted vide the Finance Ordinance, 2002 (XXVII of 2002 promulgated on 15th June, 2002). At the time of omission section 157 was as under:-- “158. Time of deduction of tax.- A person required to deduct tax from an amount paid by the person shall deduct the tax at the earlier of – (a) the time the amount is credited to the account of the recipient; or (b) the time of amount is actually paid.” 2-The words were inserted vide the Finance Act, 2003 (I of 2003 assented on 16th June, 2003) 3-The words were inserted vide the Finance Act, 2003 (I of 2003 assented on 16th June, 2003) 4-Full stop was substituted with “; and” and thereafter new clause was inserted vide Finance Act, 2015 From: 2015-07-01 - To: 2023-06-30 1[158. Time of deduction of tax.- A person required to deduct tax from an amount paid by the person shall deduct tax - (a) in the case of deduction under section 151, at the time the amount is 2[paid or] credited to the account of recipient 3[, whichever is earlier]; and (b) in other cases, at the time the amount is actually paid 4[; and (c) amount actually paid shall have the meaning as may be prescribed.] ___________________________________________________________________ 1-Section 158 was substituted vide the Finance Ordinance, 2002 (XXVII of 2002 promulgated on 15th June, 2002). At the time of omission section 157 was as under:-- “158. Time of deduction of tax.- A person required to deduct tax from an amount paid by the person shall deduct the tax at the earlier of – (a) the time the amount is credited to the account of…