MESSRS ELLCOT SPINNING MILLS LTD. versus FEDERATION OF PAKISTAN
Second Schedule, Part I, CC Income Tax Ordinance (XLX of 2001), Sections 151, 159 and 239 (14) [as amended by the Finance Act (I of 2003)] and other schedules, The first investment in regular income is to deduct the withholding tax on certificate profits issued by the National Savings Organization or to distribute it to investors from such scheme in the future No tax on such profits as a property collecting agent. Can't stop.
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