Income Tax Ordinance, 2001

CHAPTER-VI

SPECIAL INDUSTRIES PART II OIL, NATURAL GAS AND OTHER MINERAL DEPOSITS

Income Tax Ordinance, 2001 CHAPTER-VI SPECIAL INDUSTRIES PART II OIL, NATURAL GAS AND OTHER MINERAL DEPOSITS From: 2024-12-29 - To: 0000-00-00 (1) For tax year 2020 and onwards, the tax payable by a builder or a developer, as defined in sub-section (9), who opts to pay tax under this section shall be computed and paid in accordance with the rules in the Eleventh Schedule on a project by project basis on the income, profits and gain; derived from the sale of buildings or sale of plots, as the case may be, from- (a) a new project to be completed by the 2[30th day of September, 2023]; or (b) an incomplete existing project to be completed by the 2[30th…