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231AA Order To Grant Refuse Reduced Rate of Withholding On Transaction in Bank

This document is an order granting exemption from income tax deduction on certain banking transactions for Government College University Lahore. It states that as a non-profit approved organization and public sector university, no income tax is deductible from its cases under relevant sections. The exemption is valid until December 31, 2018 unless cancelled earlier. Already deducted taxes will not be refunded but deposited in the government treasury. The decision is to grant the acceptance and it lists attached bank documents.

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Muhammad Imran Khan
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210 views2 pages

231AA Order To Grant Refuse Reduced Rate of Withholding On Transaction in Bank

This document is an order granting exemption from income tax deduction on certain banking transactions for Government College University Lahore. It states that as a non-profit approved organization and public sector university, no income tax is deductible from its cases under relevant sections. The exemption is valid until December 31, 2018 unless cancelled earlier. Already deducted taxes will not be refunded but deposited in the government treasury. The decision is to grant the acceptance and it lists attached bank documents.

Uploaded by

Muhammad Imran Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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159(1) / 231AA (Order to grant / refuse reduced rate of withholding on Transaction in Bank)

Name: GOVERNMENT COLLEGE UNIVERSITY LAHORE Registration No 9020640


Address: GOVERNMENT COLLEGE UNIVERSITY, KUTCHERY Tax Year : 2019
ROAD, LAHORE, Lahore Data Gunj Bukhsh Town Period : 01-Jul-2018 - 30-Jun-2019
Medium : Online
Contact No: 00923334429455 Due Date : 23-Jul-2018
Valid Upto : 31-Dec-2018
Document Date 23-Jul-2018

The taxpayer is an approved non-profit organization under section 2(36) of the Income Tax Ordinance, 2001
and its income is subject to 100% tax credit in terms of Section 100C of the Income Tax Ordinance, 2001 and
also a public sector university. Therefore, no income tax under section 231-AA of the Income Tax Ordinance,
2001 read with Section 159(1) of the Income Tax Ordinance, 2001 is deductible in its case.

This exemption certificate is valid upto 31.12.2018 unless cancelled earlier. Income Tax already
deducted/deductible before the issuance of the certificate would not be refunded to the taxpayer company
but deposited in the Government treasury.

Withholding Tax
Description Code Rate
Certain Banking Transactions u/s 231AA 64100201 0.00 0.00 0.00

Attributes
Attribute Value
Decision Granted / Accepted

Attachments
HBL0001.jpg

Allied Bank Ltd..jpg

BOP0001.jpg

askari Bank0001.jpg

NBP0002.jpg

UBL0001.jpg

askari Bank 20001.jpg

Page 1 of 2 Printed on Tue, 24 Jul 2018 09:08:24


RTO (CORPORATE) LAHORE, TAX HOUSE SYED MAUJ E DARYA ROAD LAHORE
159(1) / 231AA (Order to grant / refuse reduced rate of withholding on Transaction in Bank)

Name: GOVERNMENT COLLEGE UNIVERSITY LAHORE Registration No 9020640


Address: GOVERNMENT COLLEGE UNIVERSITY, KUTCHERY Tax Year : 2019
ROAD, LAHORE, Lahore Data Gunj Bukhsh Town Period : 01-Jul-2018 - 30-Jun-2019
Medium : Online
Contact No: 00923334429455 Due Date : 23-Jul-2018
Valid Upto : 31-Dec-2018
Document Date 23-Jul-2018

Ishtiaq Ahmed Khan


Commissioner
Inland Revenue, Zone-V
RTO (CORPORATE) LAHORE, TAX HOUSE SYED MAUJ E DARYA ROAD LAHORE

CC
1 0800543 THE BANK OF PUNJAB BOP TOWER, 10-B,E/II, GULBERG
NATIONAL BANK OF PAKISTAN C/O NATIONAL BANK OF PAKISTAN
2 0700271
KARACHI
ASKARI BANK LIMITED FINANCE DIVISION AWT PLAZA THE
3 0709045
MALL ROAD
UNITED BANK LIMITED 7th Floor State Life Building # 01 I.I.
4 0801164
Chundrigar Road
5 0801428 ALLIED BANK OF PAKISTAN LIMITED 8 EGERTON ROAD LAHORE
HABIB BANK LIMITED HABIB BANK PLAZA I I CHUNDRIGA
6 0698187
ROAD KARACHI

Page 2 of 2 Printed on Tue, 24 Jul 2018 09:08:24


RTO (CORPORATE) LAHORE, TAX HOUSE SYED MAUJ E DARYA ROAD LAHORE

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