Income Tax Ordinance, 2001

CHAPTER-VI

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

From: 2023-07-01 - To: 0000-00-00 1[(100A) Special provisions relating to banking business.- (1) Subject to sub-section(2), the income, profits and gains of any banking company as defined in clause (7) of section 2 and tax payable thereon shall be computed in accordance with the rules in the Seventh Schedule. (2) Sub-section (1) shall apply to the profits and gains of the banking companies relevant to tax year 2009 and onwards.] 2[(3) Notwithstanding anything contained in sub-section (1), income, profits and gains and tax payable thereon shall be computed subject to the limitations and provisions contained in Chapters VII and VIII.] __________________________________________________________ 1-Inserted vide the Finance Act, 2007 (IV of 2007 assented on 30th June, 2007) 2-Added vide Finance Act, 2018, (XXX of 2018) assented on 22nd May, 2018 From: 2018-07-01 - To: 2023-06-30 1[(100A) Special provisions relating to banking business.- (1) Subject to sub-section(2), the income, profits and gains of any banking company as defined in clause (7) of section 2 and tax payable thereon shall be computed in accordance with the rules in the Seventh Schedule. (2) Sub-section (1) shall apply to the…