Section 161 of Income Tax Ordinance, 2001 describes the withholding agent to be liable for failure in deducting tax. 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 161 of Income … Continue reading Withholding agent to be liable for failure in deducting tax