Tax Commentary - Riaz Ahmad, Saqib, Gohar & Company

Income Tax Ordinance, 2001
Accrual-basis accounting

SECTION : 34 Sub-Section (3) & (4)

Comments :

The condition that the “economic performance should occur” in order to determine whether the amount is payable or not has been omitted.

Contact Persons...

Mr. Riaz Ahmed
Mr. Gohar Manzoor
Mr. Zahid Chughtai
Mr. Fareed H Siddiqui
Mr. Abdur Rauf Mian
Mr. Nasir Hussain



	Definition Deduction in computing income Deductions not allowed Depreciation Initial Allowance Profit on debt... Consumer Loan Accural basis accounting Exemptions and tax provisions Group Relief Workers' Participation Fund Profit on debt The Central Board of Revenue Unexplained income or assets Minimum tax on the income Tax on Income of certain persons Return of income To furnish a return of income Wealth statement Revision by the Commissioner Appeal to the Commissioner Alternate Dispute Resolution Due date for payment of tax Advance tax paid by the taxpayer Imports Payments to non-residents Payments for goods and services Income from property Petroleum Products Exemption or lower rate certificate Collection or deduction of tax As a final tax Payment for delayed refunds Audit Additional tax Delegation Brokerage and Commission