Income Tax Ordinance, 2001 — Section 236A: Advance tax at the time of sale by auction

1[236A. Advance tax at the time of sale by auction.— (1) Any person making sale by public auction2[or auction by a tender], of any property or goods 3[(including property or goods confiscated or attached)] either belonging to or not belonging to the Government, local Government, any authority, a company, a foreign association declared to be a company under sub-clause (vi) of clause (b) of sub section (2) of section 80, or a foreign contractor or a consultant or a consortium or Collector of Customs or Commissioner of 4[Inland Revenue] or any other authority, shall collect advance tax, computed on the basis of sale price of such property and at the rate specified in Division VIII of Part IV of the First Schedule, from the person to whom such property or goods are being sold. Chapter XII – Transitional Advance Tax Provisions 1[ ] 2[ ] 3[ ]