Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART VII EXEMPTIONS AND TAX CONCESSIONS

Income Tax Ordinance, 2001 CHAPTER-III TAX ON TAXABLE INCOME PART VII EXEMPTIONS AND TAX CONCESSIONS From: 2024-12-29 - To: 0000-00-00 54. Exemptions and tax provisions in other laws.- No provision in any other law providing for - (a) an exemption from any tax imposed under this Ordinance; (b) a reduction in the rate of tax imposed under this Ordinance; (c) a reduction in tax liability of any person under this Ordinance; or (d) an exemption from the operation of any provision of this Ordinance, shall have legal effect unless also provided for in this Ordinance 1[.] 2[***] _____________________________________________________________________________ 1-The colon was substituted vide the Finance Act, 2008 (I of 2008 assented on 26th June, 2008). Earlier it was substituted for the full stop vide the Finance Act, 2003 (I of 2003…