Income Tax Ordinance, 1979
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Income Tax Ordinance, 1979 with digest of the income tax cases reported in the Pakistan tax & corporate laws (PTCL) : as amended upto 26th October 1987 by Pakistan.

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



  • Pakistan.


  • Income tax -- Law and legislation -- Pakistan

Book details:

Edition Notes

Includes bibliographical references.

Statement[compiled] by Tariq Najib Choudhry.
ContributionsChoudhry, Tariq Najib.
LC ClassificationsLAW
The Physical Object
Pagination452 p. ;
Number of Pages452
ID Numbers
Open LibraryOL2170776M
LC Control Number88930491

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INCOME TAX ORDINANCE, ORDINANCE NO. XXXI of AN ORDINANCE. Note: Text in Gray Background represents Amendments through Finance Ordinance, or later.   Tragically, the repealed Income Tax Ordinance, was also promulgated by a military dictator, and the existing Income Tax Ordinance, , is reminiscent of undemocratic rule of General Musharraf. The Supreme Court of Pakistan aptly observed in CIT v Eli Lily (Pvt) Ltd [() Tax 81 (S.C. Pak)] as under. ORD -- Income Tax Ordinance, You can study case laws of Supreme Court, High Courts, Appellate Tribunal and FTO by entering Section number or schedule number of Income Tax Ordinance, Sub-section, clause or sub-clause must be fed, if necessary with the section.   (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 the first day of July, 2. Definitions: In this Ordinance, unless the context otherwise requires,-(1) “agricultural income” means-.

Charge of income tax.- (1) Subject to the provisions of this Ordinance, there shall be charged, levied and paid for each assessment year commencing on or after the first day of July, , income tax in respect of the total income of the income year or years, as the case may be, of every person at the rate or rates specified in the First Schedule. (48) The provisions of sub-section (7E) of section 50 of the Income Tax Ordinance, , shall not apply to a person who produces a certificate from the Commissioner of Income Tax concerned to the effect that his income during the income year is exempt from tax under the Income Tax Ordinance, 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. The Income Tax Ordinance was the first law on Income Tax which was promulgated in Pakistan from 1 July by the Government of Pakistan. Income Tax Ordinance [ edit ] To update the tax laws and bring the country's tax laws into line with international standards, the Income Tax Ordinance was promulgated on 13 September

INCOME TAX ORDINANCE, AMENDED UPTO TABLE OF CONTENTS SECTIONS CHAPTER 1 PRELIMINARY PAGE NO. 1. Short title, extent and commencement 1 2. Definitions 1 3. Ordinance to override other laws 24 CHAPTER II CHARGE OF TAX 4. Tax on taxable income 25 4B. Super tax for rehabilitation of temporary displaced persons. 26 5. Tax on. 1. (1) This Ordinance may be called the Income-tax Ordinance, (2) It shall come into force on the first day of July, Definitions 2. In this Ordinance, unless there is anything repugnant in the subject or context,- (1) ―agricultural income‖ means- (a) any income derived from any land in Bangladesh and used for agricultural purposes-. This book, in publication since , contains up to date authentic Income Tax Ordinance, & Income Tax Rules, , Appellate Tribunal Inland Revenue Rules, , Capital Value Tax Act & Rules, Sales Tax Act, & Rules, Federal Excise Act, Act & Rules, Federal Board of Revenue Act, & Rules, Federal Ombudsman Institutional. Prior to the Ordinance, there was some concept of imputed income in relation to presumptive income and there was a provision under section 80C(5) of Repealed Income Tax Ordinance, In the Ordinance that lame excuse was also abolished.