Payment of default surcharge on due date failure
Section 205 of Income Tax Ordinance, 2001 has defined payment default surcharge by persons who failed to pay tax amount by due date. 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 205 […]