Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART VI HEAD OF INCOME: INCOME FROM OTHER SOURCES

From: 2023-07-01 - To: 0000-00-00 (1) Income of every kind received by a person in a tax year, 1[if it is not included in any other head,] other than income exempt from tax under this Ordinance, shall be chargeable to tax in that year under the head “Income from Other Sources”, including the following namely:- (a) 2[Dividend;] (b) 3[royalty;] (c) profit on debt; 4[(cc) additional payment on delayed refund under any tax law;] (d) ground rent; (e) rent from the sub-lease of land or a building; (f) income from the lease of any building together with plant or machinery; 5[(fa) income from provision of amenities, utilities or any other service connected with renting of building;] (g) any annuity or pension; (h) any prize bond, or winnings from a raffle, lottery 6[, prize on winning a quiz, prize offered by companies for promotion of sale] or cross-word puzzle; (i) any other amount received as consideration for the provision, use or exploitation of property, including from the grant of a right to explore for, or exploit, natural resources; (j) the fair market value of any benefit, whether convertible to money or not, received in connection with the provision, use or exploitation of property; 7[***] (k) any amount received by a person as consideration for vacating the possession of a building or part thereof, reduced by any amount paid by the person to acquire possession of such building or part thereof; 8[***] 9[(l) any amount received by a person from Approved Income Payment Plan or Approved Annuity Plan under Voluntary Pension System Rules, 2005 10[;11[***] 12[(la) subject to sub-section (3), any amount or fair market value of any property received without consideration or received as gift, other than gift received from 13[relative as defined in sub-section (5) of section 85]14[; and] 15[(lb) income arising to the shareholder of a company, from the issuance…