Income Tax Ordinance, 2001 — Section 236W: Tax on purchase or transfer of immovable property

236W. Tax on purchase or transfer of immovable property.—(1) Every person responsible for registering4[,recording] or attesting transfer of any immovable property shall at the time of registering 4 [,recording] or attesting the transfer shall collect from the purchaser or transferee advance tax at the rate of three per cent of the amount computed under clause (c) of sub-section (4) of section 111. 4 [Explanation,—For removal of doubt, it is clarified that the person responsible for registering, recording or attesting transfer includes person responsible for registering, recording or attesting transfer for local authority, housing authority, housing society, co-operative society and registrar of properties.] 2. Tax collected under sub-section (1) shall not be adjustable. 5 Section 236X omitted through Finance Act, 2020 dated 30th June, 2020 omitted section read as follows: “236X. Advance tax on tobacco.— (1)Pakistan Tobacco Board or its contractors, at the time of collecting cess on tobacco, directly or indirectly, shall collect advance tax at the rate of five percent of the purchase value of tobacco from every person purchasing tobacco including manufacturers of cigarettes.

(2)Tax collected under this section shall be adjustable.” 6 Inserted by the Finance Act, 2018. 7 Section 236Y omitted by the Finance Act, 2021. The omitted section read as follows: 236Y. Advance tax on persons remitting amounts abroad through credit or debit or prepaid cards.—(1) Every banking company shall collect advance tax, at the time of transfer of any sum 477 Chapter XII – Transitional Advance Tax Provisions 1[236Y. Advance tax on persons remitting amounts abroad through credit or debit or prepaid cards.— (1) Every banking company shall collect advance tax, at the time of transfer of any sum remitted outside Pakistan, on behalf of any person who has completed a credit card or debit card or prepaid card transaction with a person outside Pakistan at the rate specified in Division XXVII of Part IV of the First Schedule.

(2)The advance tax collected under this section shall be adjustable.]