09-30-2011, 04:40 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by [email protected]</i>
<br />Thanks alot Student_of_law, I am referring to Tax Ordinance 2001 but I cannot find clause h of s.153(7). In fact there are no clauses under s.153(7). Is the ordinance updated as i read somewhere "Sub section 7 is omitted by Finance Bill 2006" or am I looking it the wrong way.
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You are looking at the repealed s.153. This section has been substituted by Finance Act, 2011. You will find it in updated version of Income Tax Ordinance, 2011. I don't know whether FBR has updated it on its site or not.
Anyway, the law was same even under the old/ repealed section 153. You may look at S.153(9). Clause (g) of s.153(9) says that AOP with turnover of fifty million rupees is a Prescribed Person.
<br />Thanks alot Student_of_law, I am referring to Tax Ordinance 2001 but I cannot find clause h of s.153(7). In fact there are no clauses under s.153(7). Is the ordinance updated as i read somewhere "Sub section 7 is omitted by Finance Bill 2006" or am I looking it the wrong way.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
You are looking at the repealed s.153. This section has been substituted by Finance Act, 2011. You will find it in updated version of Income Tax Ordinance, 2011. I don't know whether FBR has updated it on its site or not.
Anyway, the law was same even under the old/ repealed section 153. You may look at S.153(9). Clause (g) of s.153(9) says that AOP with turnover of fifty million rupees is a Prescribed Person.
