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The Income-tax Ordinance, 1984

( Ordinance NO. XXXVI OF 1984 )

[ 4th June, 1984 ]

Chapter VII

PAYMENT OF TAX BEFORE ASSESSMENT

Collection of tax from freight forward agency commission.
1[52M. Any person responsible for making any payment by way of freight forward agency commission, at the time of making such payment 2[or credit of such payment to the account of the payee], shall deduct tax at the rate of 3[fifteen percent] of the said amount.]
  • 1
    Section 52M was inserted by section (29) of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
  • 2
    The words "or credit of such payment to the account of the payee" were inserted after the words "at the time of making such payment" by section 27 of the Finance Act, 2011 (Act No. XII of 2011) .
  • 3
    The words “fifteen percent” were substituted for the words “seven and half percent” by section 41 of the Finance Act,2010(Act No.XXXIII of 2010).
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