18. Issuance of certificate, etc. of tax deduction and collection.-

¹[18. Issuance of certificate, etc. of tax deduction and collection.- 

[Where any payment is made which constitutes the income of the payee classifiable under the head “Salaries”, not being salaries paid by the Government, the certificate of deduction of tax under section 58 shall be issued specifying the following information:

(i) the name and address of the person or the authority paying such amount;
(ii) the period for which the payment is made;
(iii) Name and designation and TIN of the employee;
(iv) the breakdown of payment (such as the amount of basic salary, various allowances and other payments);
(v) the value of benefits provided;
(vi) the amount of tax deduction requried under section 50;
(vii) any other relevant information relating to computation of income, rebate or tax;
(viii) the amount of tax deducted at source;
(ix) the particulars, in the proforma given below, of the payment of deducted tax to the credit of the Govermment;

*if payment is made in any other mode specified by the Board, provide information relevant to that made.
(x) name, designation and signature, along with date, of the person issuing the certificate.

(2) Where any tax is deducted under any section other than section 50, the certificate of deduction of tax under section 58 shall be issued in the following manner:

(Name and address of the person or the office of the person issuing the certificate)

(office letterhead may be used)

Certificate of deduction of tax

[section 58 of the Income Tax Ordinace, 1984(XXXVIof 1984]

No.                                                                                                                                                                                Date:

06. Particulars of the making of payment and the deduction of tax (add lines if necessary)

07. Payment of deducted tax to the credit of the Govermment (add lines if necessary)

*if payment is made in any other mode specified by the Board, provide information relevant to that mode.

Certified that the information given above is correct and complete.

(3) Where any tax is collected under Chapter VII, the certificate of collection of tax under section 58 shall be issued in the following manner:

(Name and address of the person or the office of the person issuing the certificate)

(office letterhead may be used)

Cerfificate of collection of Tax

[section 58 of the Income Tax Ordinace, 1984(XXXVIof 1984]

05. Particulars of tax collection (add lines if necessary)

06. Payment of collected tax to the credit of the Govermment (add lines if necessary))

 *if payment is made in any other mode specified by the Board, provide information relevant to that mode.
Certified that the information given above is correct and complete.

 Name of the person issuing the certificate                                                                                                                         Signature and seal

Designation
TCAN
Phone & E-mail

(4) The proof of the payment of the deducted or colleted tax to the credit of Government shall be furnished along with the certificate mentioned in this rule.

(5) The certificate of deduction or collection shall be issued within two weeks of the month following the month in which the deduction was made or whthin such time as is convenient for the discharge his tax liability of person for whom tax has been deducted or collected.

(6) The Board may specify that in certain cases a bill of entry, a registration deed, an instrument of payment or other documents containing the particulars of deduction or collection shall be treated as a certificate of deduction or collection.

(7) where a deduction or collection is made a monthly statement, in the proforma given below, shall be sent by the person making the deduction or collection to the income tax authorities specified by the Board by the twentieth day of the month following the end of the month in which the deduction or collection is made:

Statement of Tax Deducted or Collected under Chapter VII

of the Income Tax Ordinance, 1984(XXXVI of 1984)

For the month of:
Name of the person or the office of the person by whom tax was deducted or collected:
Address:

*if payment is made in any other mode specified by the Board, provide information relevant to that mode

Signature and Seal

Name
Designation
TCAN
phone & E-mail

Date of Signature

(8) The statement under sub-rule (7) shall not be applicable for a deduction from a source under the head “Salaries

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¹ Subs. by F.A. 2016

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