Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Omission of sec. 155(2) from the I.T.O. 2001
10-07-2011, 03:27 PM
Post: #1
Omission of sec. 155(2) from the I.T.O. 2001
Assalam o Alaikum forum members
sub section 2 of section 155 was omitted by finance act 2010.The omitted sub-section (2) read as follows ¯"(2) The tax deducted under sub-section (1) shall be a final tax on the income from property." now my questions are
1- what would be the treatment for tax on income from property while filing the income tax return for tax year 2011;
2-in income tax return on page IT 2 of 2 it has been mentioned as fixed tax below the final tax portion. where as from the statute relevent section 155(2) had been omitted.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)