Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART IV HEAD OF INCOME: INCOME FROM BUSINESS Division IV Tax Accounting

From: 2023-07-01 - To: 0000-00-00 33. Cash-basis accounting.- A person accounting for income chargeable to tax under the head “Income from Business” on a cash basis shall derive income when it is received and shall incur expenditure when it is paid. From: 2001-09-13 - To:…