Advance tax on sale through auction

Section 236A of Income Tax Ordinance, 2001 describes the advance tax on sale through auction. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section 236A of Income Tax Ordinance, 2001: 236A. Advance tax at the time of sale by auction.— (1) … Continue reading Advance tax on sale through auction