Income tax ordinance 2001 amended upto 2013 pdf

The islamabad capital territory tax on services ordinance, 2001. Income tax amendment of ordinance, xlix of 2001 amended. Prescribed qualification for registration as an income tax. It was established by the father of the nation bangabandhu sheikh mujibur rahman under. Deduction of tax from resident for any income in connection with any service provided to any foreign person. Acca organized a webinar on income tax ordinance for its members to address all the above mentioned issues. Go 4th june, 1984 an ordinance to consolidate and amend the law relating to. Ordinance to override other laws 25 chapter ii charge of tax 4. Income tax ordinance, 2001 amended upto 28th october, 2009. The sales tax act 1990 amended up to 31082016 6 the sales tax act 1990 amended up to 1st july 2015 7 the sales tax act, 1990 amended up to july 01, 2014. Now, therefore, in pursuance of the proclamation of the 24th. I think it will serve its purpose to the reader ably of this overview of income tax.

It is learnt that lhc further declared that judicial interpretation of any provision by fbr is not binding, as is settled by the supreme court. Income tax ordinance 2001, amended upto 30th june, 20. Tax on shipping and air transport income of a non resident person 8. Through an amendment in section 8 and corresponding amendment in section.

Application for registration as an income tax practitioner 89 86. The national board of revenue nbr is the apex authority for tax administration in bangladesh. If you continue browsing the site, you agree to the use of cookies on this website. The federal board of revenue act, 2007 amended up to 30th june 2012 voluntary declaration of domestic assets act, 2018. Actsordinancerules federal board of revenue government. Income tax ordinance, 2001 20 sales tax act, 1990 57 the islamabad capital territory tax on services ordinance, 2001 68 customs act, 1969 69 federal excise act, 2005 81 assets declaration act, 2019 85.

Tax on shipping and air transport income of a nonresident person 29 7a. Home income tax ordinance, 2001 amended upto 30th june, 20. Income tax ordinance 2001 updated up to 30 june 2015. Income tax ordinance 2001 amended up to 30 june 2014, income tax ordinance 2001 updated up to 30 june 2014, income tax ordinance 2001 amended up to 2014 skip to content. Income tax ordinance 2001 federal board of revenue. Income tax ordinance, 2001 amended upto 30th june, 2019 by mashhud aslam 17nov2019 17nov2019. The sales tax act, 1990 as amended up to 30th june, 2019 the sales tax act, 1990 as amended up to 11th march, 2019 the sales tax act 1990 as amended up to 01.

Lahore high court lhc has declared that the services provided under an agreementcontract under section 1531b of the income tax ordinance, 2001 are not restricted to professional services only. Collection of tax from manufacturer of soft drink, etc. Audit notice under section 177 of income tax ordinance 2001 us 214d tax. Section 17 of the income tax ordinance, 2001 the ordinance was omitted by finance act, 2006 resultantly expenses and allowances available for deduction under this head were withdrawn. Section subsection clause amendment of ordinance, xlix of 2001 amended bill 20 14 in the income tax ordinance, 2001 xlix of 2001, the following further amendments shall be made, namely. Whereas it is expedient to consolidate and amend the law. Income tax manual part 1 national board of revenue. Amendment in the protection of economic reforms act, 1992 pera, vide the. Income tax ordinance, 2001 21 tax collection and withholding guide 48 sales tax act, 1990 63 federal excise act, 2005 73. Recovery of tax from persons holding money on behalf of a taxpayer 230 141.

Tax on shipping and air transport income of a nonresident person 30 7a. It has been prepared by taking aide from income tax ordinance 1984, nbr website and publications, various sros, taxationii icab manual and open tax resources of big 4 firms. Amendment ordinance, 2010 and remained effective till 05. Whereas it is expedient to consolidate and amend the law relating to income tax and to. Recovery of tax by district officer revenue 229 8b. The purpose of this document is to briefly summarize the concept of computation of income from salary and computation of tax thereon under the income tax ordinance, 2001 and income tax rules, 2002, taking. The following ordinance promulgated by the president is hereby published for general information. Ordinance to override other laws chapter i i charge to tax 4. An ordinance to consolidate and amend the law relating to income tax. Sec 15 income from property sec 15 6 income under this section shall be liable to tax at the rate specified in division vi of part i of the first schedule. Budget 201718 audit, consulting, advisory, and tax services. Income tax ordinance, 2001 amended upto 30th june, 2019. Tax year 20, now the act reverted the rate to one percent from tax year 2014. Income tax amendment of ordinance, xlix of 2001 amended bill 20 14 sec 8e tax on dividend received from banking companies final tax.

Income tax manual part i ministry of law and justice. Income tax ordinance federal board of revenue government. Ordinance to override other laws 17 chapter ii charge of tax 4. Income tax rules, 2002 amended upto 10th february, 2017. Collection of tax in the case of private companies and associations of persons 229 140. Taxation for companies under the income tax ordinance, 2001 tax credit for non profit organizations the finance act has fixed threshold limit for administrative and management expenses upto 15% of total receipts in order to avail 100% tax.

Fbr federal board of revenue government of pakistan. Through finance act, 2016, the definition of income for the purpose of levying super tax on banking companies was amended to exclude the impact of brought forward. Foreign assets declaration and repatriation act, 2018. Income tax ordinance, 2001 amended upto 30th june, 20. Sales tax act, 1990 federal board of revenue government. Section 4b of the income tax ordinance, 2001 through the finance act, 2015, super tax was imposed on i banking companies. Home taxation income tax ordinance, 2001 amended upto 30.