Last edited by Nikogor
Saturday, August 8, 2020 | History

5 edition of Income tax ordinance, 2001 found in the catalog.

Income tax ordinance, 2001

Pakistan.

Income tax ordinance, 2001

by Pakistan.

  • 111 Want to read
  • 35 Currently reading

Published by Tariq Najib Corp. in Lahore .
Written in English


Edition Notes

Other titlesIncome tax law of Pakistan
Statementby Tariq Najib Chaudhry.
ContributionsChoudhry, Tariq Najib.
The Physical Object
Pagination552 p. ;
Number of Pages552
ID Numbers
Open LibraryOL22686662M
LC Control Number2008326817

Income Tax Ordinance, - nasirlawsite. In our Income Tax Ordinance, this aspect has been covered in Section (2) of the Ordinance. Prior to the amendment made by the Income Tax (Amendment) Ordinance, the law stated as under: "(2) The amount referred to in sub-section (1) shall be included in the person's income chargeable to tax in the tax year to which such amount relates.".

Income Tax Ordinance, was promulgated on 13th September It shall come into force on J and will be applicable from the said date. The new income tax law is in simple language and is easy to understand. You can now prepare your income tax return and compute your tax liability without any difficulty. Tax on the basis of income tax return; Notwithstanding the provisions of section 3, where any person has declared agricultural income for any assessment year in the return filed under the Income Tax Ordinance, (XLIX of ), the person shall pay the tax on such income at the rate specified in the Second Schedule.” Unquoted.

  Income Tax Ordinance three-year jail for person assisting tax evasion Income Tax Ordinance two-year jail for failing return, statement filing Motor vehicle, immovable property registration authorities liable to pay penalty for processing non-filers’ request. 7 For the tax year , the tax payable by Moon Lights Ltd on its declared income of Rs. , was Rs. , However, the company did not maintain the records as prescribed under the Income Tax Ordinance,


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Income tax ordinance, 2001 by Pakistan. Download PDF EPUB FB2

INCOME TAX ORDINANCE, AMENDED UPTO TABLE OF CONTENTS SECTIONS CHAPTER 1 PRELIMINARY PAGE NO. 1Short title, extent and commencement 2. Definitions 1 3. Ordinance to override other laws 25 CHAPTER II CHARGE OF TAX 4. 2Tax on taxable income 6 4B. Super tax for rehabilitation of temporary displaced persons.

27 5. Tax. INCOME TAX ORDINANCE, UPDATED UPTO 15TH DECEMBER, TABLE OF CONTENTS SECTIONS CHAPTER 1 PRELIMINARY PAGE NO. Short title, extent and commencement 1 2. Definitions 1 3. Ordinance to override other laws 22 CHAPTER II CHARGE OF TAX 4. Tax on taxable income 23 4B.

Short title, extent and commencement.—(1) This Ordinance may be called the Income Tax Ordinance, (2) It extends to the whole of Pakistan. (3) It shall come into force on such date as the Federal Government may, by notification in official Gazette, appoint. (a) the aggregate of the person s turnover for the tax year shall be treated as the income of the person for the year chargeable to tax; (b) the person shall pay as income tax for the tax year (instead of the actual tax payable under this Ordinance), an amount equal to one-half per cent of the person s Income tax ordinance for the year; and.

INCOME TAX ORDINANCE, AMENDED UPTO TABLE OF CONTENTS SECTIONS CHAPTER 1 PRELIMINARY PAGE NO. Short title, extent and commencement 1 2. Definitions 1 3. Ordinance to override other laws 25 CHAPTER II CHARGE OF TAX 4. 2Tax on taxable income 5 4B. Super tax for rehabilitation of temporary displaced persons.

27 5. Tax File Size: 6MB. The Income Tax 2001 book, Section. Capital gains (1) Subject to this Ordinance, a gain arising on the disposal of a capital asset by a person in a tax year, other than a gain that is exempt from tax under this Ordinance, shall be chargeable to tax in.

The Income Tax Ordinance, Section. the amount of tax due under sub-section (1) of sectionand (b) No appeal under sub-section (1), shall be made by a taxpayer again ** an order of assessment unless the taxpayer has paid the amount of tax due under sub-section (1) of section (3) An appeal.

Taxable income.- The taxable income of a person for a tax year shall be the total income of the person for the year reduced (but not below zero) by the total of any deductible allowances under Part IX of this Chapter of the person for the year.

Income Tax Ordinance, amended upto 11th March, Income Tax Ordinance, Amended upto Income Tax (Amendment) Ordinance, Tax Laws (Amendment) Ordinance, Ordinance No XV of - The exemption of withholding tax under sub-section (4) of Section P of the Income Tax Ordinance, available to.

The Income Tax Ordinance, Section. Agricultural income.- (1) Agricultural income derived by a person shall be exempt from tax under this Ordinance. (2) In this section, “agricultural income” means, - (a) any rent or revenue derived by a person from land which is situated in Pakistan and is used for agricultural purposes.

The Income Tax Ordinance, Section. Appeal to the Appellate Tribunal.- (1) Where the taxpayer or Commissioner objects to an order passed by the Commissioner (Appeals), the taxpayer or Commissioner may appeal to the Appellate Tribunal against such order.

(2) An appeal under sub-section (1) shall be– (a) in the prescribed form. INCOME TAX MANUAL PART- 1 THE INCOME TAX ORDINANCE, (XXXVI OF ) [As amended up to July, ] Published by- Deputy Director Bangladesh Forms & Publication, Dhaka Printed by- Deputy Director Bangladesh Government Press, Dhaka File Size: 1MB.

INCOME TAX ORDINANCE, AMENDED UPTO TABLE OF CONTENTS SECTIONS CHAPTER 1 PRELIMINARY PAGE NO. Short title, extent and commencement 1 2.

Definitions 1 3. Ordinance to override other laws 26 CHAPTER II CHARGE OF TAX 4. 26Tax on taxable income 4B. Super tax for rehabilitation of temporary displaced persons. 27 5. Tax on. Whether or not the provisions of section (2) of the Income Tax Ordinance, (hereinafter “ITO ”) being procedural in nature would have retrospective effect in pursuant to the amendment brought about in section (2) of the ITO through Finance Act Income Tax Ordinance admin Ap Comments Off on Income Tax Ordinance Views.

Author: Income Tax Ordinance, & Income Tax Rules, Cover: Hard bound Edition: Price: PKR: INCOME TAX ORDINANCE TABLE OF CONTENTS CHAPTER 1 PRELIMINARY 1. Short title, extent and commencement 1 2. Definitions 1 3. Ordinance to override other laws 17 CHAPTER II CHARGE OF TAX 4.

Tax on taxable income 18 5. Tax on dividends 19 6. Tax on certain payments to non-residents 19 7. Tax on shipping and air transport income of a non-File Size: 2MB. (1) This Ordinance may be called the Income Tax Ordinance, (2) It extends to the whole ofPakistan.

(3) It shall come into force on such date as the Federal Government may, by notification in Official Gazette, appoint. Definitions.- In this Ordinance, unless there is anything repugnant in the subject or context –. Pakistan's First Application of Income Tax Ordinance.

Tax Law of Pakistan available on google store. Download now to get Income Tax Ordinance with latest amendment on your mobile. No need to carry book anywhere for advice or compliance. Have the law available in your mobile or device all the time.

EastLaw Application makes it easy to search and navigate through the ordinance Category: EDUCATION. • The Islamabad Capital Territory (Tax on Services) Ordinance, In the wake of the 18th Amendment, the provinces have decided to collect sales tax on services by establishing their own respective authorities to administer enactments related to this levy.

Income from Business- Inadmissible Deduction Income from business is a 3 rd source of income from which a person can drive income. Income from business is chargeable to tax under section 18 of the Income Tax Ordinance, Let us define business and deduction allowed against the income under the ITO,   This lecture discusses the definitions of Income Tax Ordinance See the provisions of Section of the Income Tax Ordinance, 2.

For to exercise these powers, the Commissioner has been conferred the powers of a civil court to enforce attendance, compelling the production of accounts and records etc, to receive evidence and making Commissions for examination of witnesses.