Income Tax Ordinance, 2001

CHAPTER-V

PROVISIONS GOVERNING PERSONS PART II INDIVIDUALS Division II Provisions Relating to Averaging

Income Tax Ordinance, 2001 CHAPTER-V PROVISIONS GOVERNING PERSONS PART II INDIVIDUALS Division II Provisions Relating to Averaging From: 2024-12-29 - To: 0000-00-00 1[***] ___________________________________ 1-Section 88A omitted by Finance Act, 2014 “88A. Share profits of company to be added to taxable income.- (1) Notwithstanding the provisions of sub-section (1) of section 92, the share of profits derived by a company from an association of persons shall be added to the taxable income of the company. (2) The company shall be allowed a tax credit in accordance with the following formula, namely:- 2[(A/B) x C] Where…