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 65A was omitted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017. At the time of omission, section 65A was as under:- “65A. Tax credit to a person registered under the Sales Tax Act, 1990.- (1) Every manufacturer, registered under the Sales Tax Act, 1990, shall be entitled to a tax credit of three per cent of tax payable for a tax year, if ninety per cent of his sales are to the person who is registered under the aforesaid Act during the said tax year.” From: 2017-07-01 - To: 2023-06-30 1[***] ____________________________________________________________________ 1-Section 65A was omitted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017. At the time of omission, section 65A was as under:- “65A. Tax credit to a person registered under the Sales Tax Act, 1990.- (1) Every manufacturer, registered under the Sales Tax Act, 1990, shall be entitled to a tax credit of three per cent of tax payable for a tax year, if ninety per cent of his sales are to the person who is registered under the aforesaid Act during the said tax year.” From: 2016-07-01 - To: 2017-06-30 1[65A. Tax credit to a person registered under the Sales Tax Act, 1990. - (1) Every manufacturer, registered under the Sales Tax Act, 1990, shall be entitled to a tax credit of 2[three] per cent of tax payable for a tax year, if ninety per cent of his sales are to the person who is registered under the aforesaid Act during the said tax year. (2)…