Income Tax Rules, 2002

CHAPTER-XIX

TAX CLEARANCE CERTIFICATE

From: 2023-11-01 - To: 0000-00-00 1[224. Conditions for approval of leasing companies for claim of depreciation deduction.- The following conditions shall be fulfilled by a leasing company or a modaraba to claim deduction for depreciation on lease of depreciable assets under this rule, namely:- (i) The leasing company is engaged principally in the business of leasing of assets and has been issued a licence by the Securities and Exchange Commission of Pakistan to operate under the terms and conditions specified…