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Income Tax Ordinance, 2001
Government Income
 
SECTION : 23 Sub-Section (1)
 
Comments :
Scope of allowing initial depreciation specified, now the assessee can claim the initial allowance either when the asset is used for the purpose of his business or the tax year in which the commercial production is commenced, which ever is later.
 
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Definition
Income from property
Deductions not allowed
Income From Other Sources
Government Income
Investment in shares
Contribution to a Pension Fund
Resident individual
Tax on certain retailers
Return of income
Furnish a return of income
Revision by the Regional
Alternate Dispute Resolution
Advance tax paid by the taxpayer
Import
Profit on debt
Payments to non-residents
Payments for goods and services
Export
Income from property
Withdrawal under Pension Fund
Statements
Credit for tax collected/deducted
Collected/ deducted as a final tax
Additional tax
Circulars
Cash withdrawal from a bank
Brokerage and commission
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