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Payment of salaries by the employer to its employees—Deduction of tax at source—Payments for services—Director’s fee—Deduction of tax— Among the salaries paid by the taxpayer (company), Officer Inland Revenue taxed the payments on account of Director’ fee by holding that said payments were in nature of services and tax deduction was applicable under S. 153(1)(b) of Income Tax Ordinance, 2001— Commissioner Appeal deleted the same by observing that the fee paid to directors had been made liable to withholding tax vide Finance Act, 2014, through insertion of subsection (3) of S. 149 of the Ordinance, 2001, whereas the matter-in-hand pertained to tax year 2013—Validity—Held, that under the existing provisions of the Income Tax Ordinan...
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