Income Tax Ordinance, 2001

Chapter- II

CHARGE OF TAX

(2) For the purposes of this section, “income” shall be the sum of the following:-(i) profit on debt, dividend, capital gains, brokerage and commission;(ii) taxable income (other than brought forward depreciation and brought forward business losses) under section 9 of the Ordinance, excluding amounts specified in clause (i);(iii)…