10-07-2010, 04:36 PM
Under Section 231-AA of Income Tax Ordiance tax shall be deducted on Pay Orders, Demand Drafts,Online Transfer and other similar instruments. This section is inserted by Federal Governemt through Finance Act 2010. Please keep in mind the federal excise duty has been applicable to many banking services since many years.
Regards,
Awais Aftab
Regards,
Awais Aftab