PROFIT ON DEBT, DEDUCTION OF WITHHOLDING TAX,MINIMUM TAX, NOT ADJUSTABLE AGAINST NORMAL INCOME.

In this video, we explain Section 150 of the Income Tax Ordinance, 2001, which deals with Profit on Debt in Pakistan. This section specifies how tax is deducted at source on interest/profit earned from bank deposits, government securities, and other debt instruments. section finds out that deducted tax is not adjustable and is a minimum tax by the finance act 2019, no refund can be claimed and deducted tax be adjusted against normal income

We cover:
✅ What is Profit on Debt
✅ Applicable tax rates under Section 150
✅ Withholding tax mechanism
✅ Exemptions & important provisions
This video will help students, taxpayers, and professionals gain clarity on how profit on debt is taxed in Pakistan.

📚 Key Reference:
Income Tax Ordinance, 2001 – Section 150 (Profit on Debt)

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⚖️ Disclaimer:
This video is for educational purposes only. It does not constitute professional tax advice. For case-specific guidance, please consult a qualified tax advisor.
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Видео PROFIT ON DEBT, DEDUCTION OF WITHHOLDING TAX,MINIMUM TAX, NOT ADJUSTABLE AGAINST NORMAL INCOME. канала Ahmad Usman Shakir