Presumptive Tax and Normal Tax

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Incomes subject to Final Taxation are those, which are subject to collection or deduction of tax at source and such tax collected or deducted at source is treated as a final tax in respect of such income e.g.-
• Income arising from business of
- Import of goods;
- Supply of goods;
- Execution of contract;
- Export of goods;
- Brokerage and commission;
- Plying of goods transport vehicles;
- Income of CNG Stations
- Income from property
- Payments to Non-Residents on account of contracts
• Dividend received from a company; and
• Prize and winnings from prize bond, raffle, lottery, crossword puzzle, quiz or sale promotion offers.
The income from above sources are excluded from the ambit of total / taxable income subject to normal taxation.