Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART IV HEAD OF INCOME: INCOME FROM BUSINESS Division III Deductions: Special Provisions

From: 2023-07-01 - To: 0000-00-00 1[***] _____________________________________________________ 1-Section “23A” omitted by Finance Act, 2021, dated 30-06-2021, Earlier same was omitted by Tax Law (Second Amendments), 2021, dated 22-03-2021. Before omission read as: “23A. First Year Allowance.- (1) Plant, machinery and equipment installed by any industrial undertaking set up in specified rural and under developed areas 1[or engaged in the…