Income Tax Ordinance, 2001

CHAPTER-VII

INTERNATIONAL PART II TAXATION OF FOREIGN-SOURCE INCOME OF RESIDENTS

From: 2023-07-01 - To: 0000-00-00 (2) If the total deductible expenditures referred to in sub-section (1) exceed the total foreign source income for a tax year chargeable to tax under a head of income(hereinafter referred to as a “foreign loss”), the foreign loss shall be carried forward to the following…