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Income Tax Ordinance, 2001
Contribution to a pension fund
 
SECTION : 29A Sub-Section (1)
 
Comments :
Non Banking Finance Company and House Building Finance Corporation have been allowed to create reserves to off set bad debt to the extent of 3% of the income for the year.
 
 
SECTION : 29A Sub-Section (2)
 
Comments :
The term “Consumer Loan” defined.
 
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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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