Income Tax Ordinance, 2001

CHAPTER-I

PRELIMINARY

Income Tax Ordinance, 2001 CHAPTER-I PRELIMINARY From: 2024-12-29 - To: 0000-00-00 2. Definitions.- In this Ordinance, unless there is anything repugnant in the subject or context - “(29C) “Industrial undertaking” means — (a) an undertaking which is set up in Pakistan and which employs,— (i) ten or more persons in Pakistan and involves the use of electrical energy or any other form of energy which is mechanically transmitted and is not generated by human or animal energy; or (ii) twenty or more persons in Pakistan and does not involve the use of electrical energy or any other form of energy which is mechanically transmitted and is not generated by human or animal energy: and which is engaged in,- (i) the manufacture of goods or materials or the subjection of goods or materials to any process which substantially changes their original condition; or (ii) ship-building; or (iii) generation, conversion, transmission or distribution of electrical energy, or the supply of hydraulic power; or (iv) the working of any mine, oil-well or any other source of mineral deposits; 1[ ] 1[(aa) from the 1st day of May, 2020, a person directly…