Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART V ADVANCE TAX AND DEDUCTION OF TAX AT SOURCE Division IV General Provisions Relating to the Advance Payment of Tax or the Deduction of Tax at Source

From: 2023-07-01 - To: 0000-00-00 (2) Where this section applies - (a) the income shall not be chargeable to tax under any head of income in computing the taxable income of the person; (b) no deduction shall be allowable under this Ordinance for any expenditure incurred in deriving the income; (c) the amount of the income shall not be reduced by - (i) any deductible allowance under Part IX of Chapter III; or (ii) the set off of any loss; (d) the tax deducted shall not be reduced by any tax credit allowed under this…