17G. Deduction or collection at source from commission or fees

1 [17G. Deduction or collection at source from commission or fees,--      

For the purpose of making a deduction or collection of tax under section  53E of the Ordinance, every person being a corporation, body or authority established by or under any law,  including  any  company  or  enterprise  owned,  controlled  or  managed  by  it,  or  a company registered under the Companies managed by it, or a company registered under the companies Act, 1913 (VII of 1913), which makes any payment to any distributor or to any other person by way of commission or fees for distribution or marketing of any of the following goods manufactured by it, shall deduct or collect at the time of credit of such commission or fees or at the time of payment thereof, whichever is earlier, as advance tax an amount on the commission or the fees, as the case may be, at the rate of 5 per cent, namely:
(a)  Cigarette;
(b) Light beverage;
(c)  Radio;
(d) Television;
(e)  Electric bulb;
(f)  Paper;
(g) Newsprint;
(h) Glass sheet;
(i)  Motor cycle;   ]


1Rule 17G inserted by S.R.O. No. 271-L/89,dt,23-07-1989, Subsequently omitted by S.R.O. No. 151-L/95,dt,28-05-1995


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