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Revenue Division
Federal Board of Revenue
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C.No.1(6)WHT/2009. Islamabad, July 4, 2009.
To
All DG LTUs/RTOs
(b) The rate of tax as per 148(1) is specified in Part II of the First Schedule.
Previously the rate of tax was 2% of the value of the goods imported. The
same has been changed to 4% on the value of goods imported.
Furthermore a new sub-clause (9A) has been added to Part-III of the
Second Schedule wherein tax under section 148 shall be collected @ 3%
on import value of raw material imported by an industrial undertaking for
its own use.
(b) Section 153(9) a new sub-clause “(cc)” has been added by including the
non-profit organization into the list of prescribed persons. Furthermore in
the expression “manufacturer” in clause (b), the commas and words
“packing repacking” has been omitted.
3. Withholding Tax on electricity consumption- [Section 235]
Substituted “sub-section 4”
(a) In the case of a taxpayer other than a company, tax collected upto bill
amount of thirty thousand rupees per month shall be treated as
minimum tax on the income of such persons and no refund shall be
allowed;
(c) In the case of a company, tax collected shall be adjustable against tax
liability.
A new section 236A has been inserted to lay to rest, the controversy
between the ordinary sales of business and the sale by auction which
“reads” as under:-
Section 231B covering the advance tax on purchase of motor cars and
jeeps has been substituted as under:-
A new clause “16A” has been inserted after proviso to clause 16 in Part IV
of the Second Schedule wherein deductions under section 153(1)(b) shall
not be made in respect of the advertising services, by the news print
media. The clause is reproduced as under:-
7. A new sub-section has been added to section 168 wherein the deduction
of service charges on collection by the collecting agents, has been dealt
which is reproduced as under:-