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 Income
Tax Ordinance, 2001 |
| Income from property |
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| The concept of allowing expenditure
to the extent it is incurred in deriving income from business
chargeable to tax through Income Tax Ordinance 2001 is
being dispensed with and old concept of allowing expenditure
if “wholly and exclusively for the purpose of business”
is being reintroduced. Thus the new law is being cursed
with the mischief of the repealed ordinance. |
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© 2006, All Rights Reserved, RASG |
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Mr. Gohar Manzoor
