ITO Section 158 | Time of deduction of tax.

Text of ITO Section 158

Time of deduction of tax.

A person required to deduct tax from an amount paid by the person shall deduct tax —

(a) in the case of deduction under section 151, at the time the amount is paid or credited to the account of recipient, whichever is earlier; and

(b) in other cases, at the time the amount is actually paid; and

(c) amount actually paid shall have the meaning as may be prescribed.

Explanation of ITO Section 158

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حَسْبِيَ اللَّهُ لاَ إِلَهَ إِلاَّ هُوَ عَلَيْهِ تَوَكَّلْتُ وَهُوَ رَبُّ الْعَرْشِ الْعَظِيمِ

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