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: 0000-00-00 150. Dividends.- Every 1[person] paying a dividend shall deduct tax from the gross amount of the dividend paid 2[or collect tax from the amount of dividend in specie] 3[*** ] at the rate specified in 4[Division I of Part III] of the First Schedule. _____________________________________________________________________ 1-The words “resident company” was substituted vide the Finance Act, 2009 (I of 2009 assented on 30th June, 2009) 2-Words inserted by Finance Act, 2021, dated 30-06-2021 3-The commas and words “or collect tax from the shareholder in the case of bonus shares,” omitted vide the Finance Ordinance, 2002 (XXVII of 2002 promulgated on 15th June, 2002) 4-Substituted for the expression “Division III of Part I” vide the Finance Act, 2014 From: 2021-07-01 - To: 2023-06-30 150. Dividends.- Every 1[person] paying a dividend shall deduct tax from the gross amount of the dividend paid 2[or collect tax from the amount of dividend in specie] 3[*** ] at the rate specified in 4[Division I of Part III] of the First Schedule. _____________________________________________________________________ 1-The words “resident company” was substituted vide the Finance Act, 2009 (I of 2009 assented on 30th June, 2009) 2-Words inserted by Finance Act, 2021, dated 30-06-2021 3-The commas and words “or collect tax from the shareholder in the case of bonus shares,” omitted vide the Finance Ordinance, 2002 (XXVII of 2002 promulgated on 15th June, 2002) 4-Substituted for the expression “Division III of Part I” vide the Finance Act, 2014 From: 2014-07-01 - To: 2021-06-30 150. Dividends.- Every 1[person] paying a dividend shall deduct tax from the gross amount of the dividend paid 2[*** ] at the rate specified in 3[Division I of Part III] of the First Schedule.…