Income Tax Ordinance, 2001

CHAPTER-IV

COMMON RULES PART I GENERAL

From: 2023-07-01 - To: 0000-00-00 71. Currency conversion.- (1) Every amount taken into account under this Ordinance shall be in Rupees. (2) Where an amount is in a currency other than rupees, the amount shall be converted to the Rupee at the State Bank of Pakistan 1[***] rate applying between the foreign currency and the Rupee on the date the amount is taken into account for the purposes of this Ordinance. From: 2003-07-01 - To: 2023-06-30 71. Currency conversion.- (1) Every amount taken into account under this Ordinance shall be in Rupees. (2) Where an amount is in a currency other than rupees, the amount shall be converted to the Rupee at the State Bank of Pakistan rate applying between the foreign currency and the…