Section 233 of Income Tax Ordinance, 2001 has defined rate of income tax on payment on account of brokerage and commission. 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 233 […]
The tax rates on brokerage and commission under Section 33 of the Income Tax Ordinance, 2001 for the year 2021-2022, shall be as follow:
ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax on brokerage and commission to be applicable for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated up to June 30, 2020) after incorporating amendments brought through Finance Act, 2020. The FBR updated rate […]
ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates for brokerage and commission income for tax year 2021. The FBR issued withholding tax card 2020-2021 incorporating amendment to Income Tax Ordinance, 2001 made through Finance Act, 2020. Under Section 233 of Income Tax Ordinance, 2001 federal government, provincial government, local authority, company, association […]