Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART X TAX CREDITS

Income Tax Ordinance, 2001 CHAPTER-III TAX ON TAXABLE INCOME PART X TAX CREDITS From: 2024-12-29 - To: 0000-00-00 10[(4) The provisions of this section shall apply mutatis mutandis to a company setup in Pakistan before the first day of July 2011, which makes investment during first day of July, 2011 and 30th day of June, 2016, for the purposes of balancing modernization and replacement of the plant and machinery already installed in an industrial undertaking owned by the company. However, credit equal to twenty per cent of the amount…