MUMTAZ HUSSAIN MIAN versus SECRETARY, REVENUE DIVISION, ISLAMABAD
Section 151 (1) (a), Second Schedule: Part IV, CL (debt) Profit taxpayers on the debt protection savings certificate claim that the defense savings certificates held in each account are exempt. The threshold department claimed that the tax withholding rate on profit on the loan was 10%. And a deposit of less than Rs 1,50,000 was exempted from the Withholding Tax and since the complaint was against the Directorate of National Savings authorities, the Withholding Tax at the time of the defense defense certificates was seized. Was not afraid of a wrong deduction. After the tax year 2003, the family members of the family were required to withhold 10% tax under section 151 (1) (a) of the Income Tax Ordinance 2001. The final tax deduction was purchased by the Defense Safety Certificate. The complainant in the name of his income for profit on certain loans in the Income Tax Ordinance 2001 and his family members in the tax year 2003 and 2004, as per the total number (59) of Part IV of the then Rs.150,000 Was. Prior to the Income Tax Ordinance, the scheduled tax year of 2001, 2003, the exemption limit was Rs.300,000, tax deduction was required at source at the time of incubation, except for Rs.1,00,000 from the joint account bank. Even the lesser tax was properly withheld by the Directorate of National Savings Department that it did not have any surveyor in the matter. It was not correct, the department was responsible for overseeing the taxes held by the Directorate of National Savings. It does not matter, in connection with the correct application of the relevant provisions of the Income Tax Ordinance on a regular basis, it was also responsible for providing the required guidance to the holding agents, the 2001 Federal Tax Ombudsman said.
Related judgments — Federal Tax Ombudsman Pakistan, 2012
