10-22-2010, 11:20 PM
Dear All,
Please note that Advance tax under Section 231AA of the Income Tax Ordinance 2001, is not deductible against deposit of cash into a bank account whether ⢠Cash deposited by a customer or any other person in his own account or in the account of another person OR â¢Cash deposited by a customer or any other person in one branch for credit to an account in another branch of the same bank (in the same city or another city.
This clarification has been issued by FBR on our specific request. All big five banks are not deducting this advance tax.
if you need any further clarification , pelase let me know.
Regards,
Farhan Zafar
Please note that Advance tax under Section 231AA of the Income Tax Ordinance 2001, is not deductible against deposit of cash into a bank account whether ⢠Cash deposited by a customer or any other person in his own account or in the account of another person OR â¢Cash deposited by a customer or any other person in one branch for credit to an account in another branch of the same bank (in the same city or another city.
This clarification has been issued by FBR on our specific request. All big five banks are not deducting this advance tax.
if you need any further clarification , pelase let me know.
Regards,
Farhan Zafar
