52DD. Deduction at source from payment to a beneficicary of workers’ participation fund.-

¹[52DD. Deduction at source from payment to a beneficicary of workers’ participation fund.-

Notwithstanding anything contained in any other provision of this Ordinance or any other law being in force in respect of exemption from tax on payments from workers’ participation fund, any person responsible for making any payment from such fund to a beneficiary shall, at the time of such payment, deduct income tax at the rate of five percent (5%) on such payment.]

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¹ Subs by F. A. 2016

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Nowshad Amin Chowdhury