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 (4) Eligibility for tax credit shall be subject to the following conditions, namely:- (a) return has been filed; (b) tax required to be deducted or collected has been deducted or collected and paid; (c) withholding tax statements for the relevant tax year have been filed; (d) the administrative and management expenditure does not exceed 15% of the total receipts: Provided that clause (d) shall not apply to a non-profit organization, if- (i) charitable and welfare activities of the non-profit organization have commenced for the first time within last three years; or (ii) total receipts of the non-profit organization during the tax year are less than one hundred million Rupees; (e) approval of Commissioner has been obtained as per requirement of clause (36) of section 2: Provided that the condition of approval in respect of persons mentioned in…