Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART X TAX CREDITS

From: 2023-07-01 - To: 0000-00-00 1[***] __________________________________________________ 1- Section “65D” omitted by by Finance Act, 2021, dated 30-06-2021. Before omission read as: “65D. Tax credit for newly established industrial undertakings.- (2) Tax credit under this section shall be admissible where- (a) the company is incorporated and industrial undertaking is setup between the first day of July, 2011 and 30th day of June, 7[8[2021]]; (b) Industrial undertaking is managed by a company formed for operating the said industrial undertaking and registered under the Companies Ordinance, 1984 (XLVII of 1984) and having its registered office in Pakistan; (c) the industrial undertaking is not established by the splitting up…