Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART VII EXEMPTIONS AND TAX CONCESSIONS

From: 2023-07-01 - To: 0000-00-00 1[Omitted] __________________________________________________________ 1-Section (52) omitted vide the Finance Act, 2002 (XXVII of 2002 promulgated on 15th June, 2002). At the time of omission section 52 was as under:-- “52. Non-resident shipping and airline enterprises.- (1) Subject to sub-section (2), any income of a nonresident person, for the time being approved by the Federal Government for the purpose of this section, from the operation of ships and aircraft in international traffic shall be exempt from tax under this Ordinance, other than income from ships and aircraft operated principally to transport passengers, livestock, mail, or goods exclusively between places in Pakistan. (2) Sub-section (1) shall not apply to a non-resident person where the person’s country of residence does not allow a similar exemption to a resident of Pakistan.” From: 2002-07-01 - To: 2023-06-30 1[Omitted] __________________________________________________________ 1-Section (52) omitted vide the Finance Act, 2002 (XXVII of 2002 promulgated on 15th June, 2002). At the time of omission section 52 was as under:-- “52. Non-resident shipping and airline enterprises.- (1) Subject to sub-section (2), any income of a nonresident person, for the time being approved by the Federal Government for the purpose of this…