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 “65H” omitted by substituted by Finance Act, 2022, dated 30-06-2022, with effect from 2nd March, 2022. Earlier Section “65H” inserted by Income Tax (Amendment) Ordinance, 2022, dated 03-03-2022. Before omission section “65H” read as: 65H. Tax credit for foreign investment for industrial promotion,- (1) Where a taxpayer being - (2) Where no tax is payable by the taxpayer in respect of the tax year in which the commercial production has commenced or where the tax payable is less than…