ITO Section 155

[Rent of immoveable] property:

(1) [Every] prescribed person making a payment in full or part (including a payment by way of advance) to any person on account of rent of immovable property (including rent of furniture and fixtures, and amounts for services relating to such property) shall deduct tax from the gross amount of rent paid at the rate specified in Division V of Part III of the First Schedule.

[Explanation: “gross amount of rent” includes the amount referred to in subsection (1) or (3) of section 16, if any.]

[Explanation: For removal of doubt, it is clarified that the sub section (1) shall apply when a payment is made on account of rent of immoveable property irrespective of head of income]

(2) Omitted 

[(3) In this section, “prescribed person” means –

• (i) the Federal Government;
• (ii) a Provincial Government;
• (iii) [Local Government];
• (iv) a company;
• (v) a non-profit organization [or a charitable institution];
• (vi) a diplomatic mission of a foreign state; 
• [(via) a private educational institution, a boutique, a beauty parlour, a hospital, a clinic or a maternity home;] 
• [(vib) individuals or association of persons paying gross rent of rupees one and a half million and above in a year; or]
• (vii) any other person notified by the [Board] for the purpose of this section.]