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TANVIR ELAHI, DIRECTOR, ELAHI ENTERPRISES (PVT.) LIMITED, LAHORE versus ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-13, COMPANIES ZONE-II LAHORE

Schedule, Section 1, 50 (2A) and 30 Income from the Income Tax Ordinance 1979 Section 80B, collects the interpretation and scope of Section 80B of the Income Tax Ordinance, 1979 Assessment Assessment, obtained from salary. In addition to the income and profits and salary income of an individual made, he declared a collection of interest which was not offered to collect tax so that his interest on this account was deducted from his recovery. Was more. The banks, which were previously taken over for the purpose of advancing the assets in the company in which he was the director sourcing officer, however, refused to consider the dispute and found that interest income amounted to a separate income stream. Able to receive tax as a block. It has read the 10% flat rate provided in Section 80B of the Income Tax Ordinance, 1979, along with Part 1 of the first Schedule, which has been reviewed in Section 80B of Charge. , Income Tax Ordinance 1979 was not an interest income, but only an interest income that was obtained from a banking company or a financial institution, therefore, in consideration of section 50 (2A), Income Tax Ordinance, 1979 Was responsible for the deduction accordingly. In section 80B (2) (B), they have the benefit of making these provisions as part of the provisions and accordingly the examiner of the amount to be read is due to advance payment from this company. An attempt will be made to review. A director non objection clause and the provisions of section BBB, Income Tax Ordinance, 1979 of his were not attracted to the amount received by him nor was it normal under Section 30, Income Tax Ordinance, 1979. Diagnose it as a diagnosis immigration advocates contact from Abbottabad lawyer