Income Tax Ordinance, 2001

CHAPTER-IV

COMMON RULES PART I GENERAL

Income Tax Ordinance, 2001 CHAPTER-IV COMMON RULES PART I GENERAL From: 2024-12-29 - To: 0000-00-00 67. Apportionment of deductions.- (1) Subject to this Ordinance, where an 1[expenditures, deductions and allowances] relates to - (a) the derivation of more than one head of income; or 2[(ab) derivation of income comprising of taxable income and any class of income to which sub-sections (4) and (5) of section 4 apply, or;] (b) the derivation of income chargeable to tax under a head of income and to some other purpose, the 3[expenditures, deductions and allowances] shall be apportioned on any reasonable basis taking account of the relative nature and size of the activities to which the amount relates. (2) The 4[Board] may make rules under section 5[237] for the purposes of…