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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: 0000-00-00 155. 1[Rent of immoveable] property.- (1) 2[Every] prescribed person making a payment in full or part (including a payment by way of advance) to any person on account of rent of immovable property (including rent of furniture and fixtures, and amounts for services relating to such property) shall deduct tax from the gross amount of rent paid at the rate specified in Division V of Part III of the First Schedule. 3[Explanation.- “gross amount of rent” includes the amount referred to in sub-section (1) or (3) of section 16, if any.] 4[Explanation.- For removal of doubt, it is clarified that the sub section (1) shall apply when a payment is made on account of rent of immoveable property irrespective of head of income.] 5[Omitted] 6[(3) In this section, “prescribed person” means- (i) the Federal Government; (ii) a provincial Government; (iii) 7[Local Government]; (iv) a company; (v) a non-profit organization; 8[or a charitable institution] (vi) a diplomatic mission of a foreign state; 9[***] 10[(via) a private educational institution, a boutique, a beauty parlour, a hospital, a clinic or a maternity home; (vib) individuals or association of persons paying gross rent of rupees one and a half million and above in a year; or] (vii) any other person notified by the 11[Board] for the purpose of this section.] ___________________________________________________________________ 1-For the words “Income from” substituted by Finance Act, 2021, dated 30-06-2021 2-The words, brackets, figure and comma “Subject to sub-section (2), every” substituted vide the Finance Act, 2006 (III of 2006 assented on 30th June, 2006) 3-Explanation was added vide the Finance Act, 2006 (III of 2006 assented on 30th June, 2006) 4-Explanation added by Finance Act, 2021, dated 30-06-2021 5-Sub-section (2) was omitted vide Finance Act, 2010. At the time of omission sub-section (2) was as under:-- “(2) The tax deducted under sub-section (I) shall be a final tax on the income from property i[***].” ii. The words and figure “subject to section 15” omitted vide the Finance Act, 2008 (I of 2008 assented on 26th June 2008. Earlier these were inserted vide the Finance Act,…
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