Income Tax Ordinance, 2001

CHAPTER-I

PRELIMINARY

From: 2023-07-01 - To: 0000-00-00 2. Definitions.- In this Ordinance, unless there is anything repugnant in the subject or context- 1[(29) “income” includes any amount chargeable to tax under this Ordinance, any amount subject to collection 2[or deduction] of tax under section 148, 3[150, 152(1), 153, 154, 156, 156A, 233, 4[***] 5[,] sub-section (5) of section 234 6[, section 236Z] 7[ ] 8[and] 9[any amount treated as income under any provision of this Ordinance] and any loss of income 10[ ]; ________________________________________________________________ 1-Substituted vide the Finance Act, 2002 (XXVII of 2002 promulgated on 15th June, 2002). At the time of substitution clause (29) was as under:- “(29) income includes any amount chargeable to tax under this Ordinance, any amount subject to collection of tax under Division II of Part V of Chapter X, sub-section (5) of 234 Division III of Chapter XII, and any loss of income;” 2-Inserted vide the Finance Act, 2003 (I of 2003) 3-The figures, commas and word “153, 154 and 156,” substituted vide the Finance Act, 2005 (VII of 2005) 4-The expression “233A” omitted by Finance Act, 2021, dated 30-06-2021 5-Substituted for the word “and”, vide the Finance Act, 2014 6-Expression inserted by Finance Act, 2023 dated 26-06-2023 7-Substituted for the word and figure “and 236M” vide Finance Act, 2015 8-Substituted for the word “236M and 236N,” vide Finance Act, 2018, (XXX of 2018) assented on 22nd May, 2018 9-Inserted by the Finance Act, 2003 (I of 2003) 10-The words and commas “but does not include, in case of a shareholder of a company, the amount representing the face value of any bonus share or the amount of any bonus declared, issued or paid by the company to the shareholders with a view to increasing its paid up share capital” were omitted vide the Finance Act, 2014. From: 2018-07-01 - To: 2023-06-30 2. Definitions.- In this Ordinance, unless there is anything repugnant in the subject or context- (29) Income includes any amount chargeable to tax under this Ordinance, any amount subject to collection or deduction of tax under sections 148, 150, 152(1), 153, 154, 156, 156A, 233, 233A, sub-section (5) of section 234 1[and]…