Sixth schedule of income tax ordinance 1984 pdf

Gm, avi, i, b s 3 0avb b avq ki 2 02 0 income tax ordinance, 1984 ordinance no. The income tax ordinance, 1984 exemption of income of and contribution to superannuati on fund or pension fund from tax 5. Income tax act 94 of 1983 income tax amendment act 30 of 1984 income tax act 121 of 1984 income tax act 96 of 1985. Super tax for rehabilitation of temporary displaced persons. Shc orders release of toyota aqua in seven days 10mar2020. In this ordinance, unless the context otherwise requires,1 agricultural income means. In exercise of the powers conferred by subsection 1 of section 209 of the income tax ordinance, 2001, sections 30 and 31 of the sales tax act, 1990 and section 29 of the federal excise act, 2005, federal board of revenue is pleased to direct that the jurisdiction over the. Exemptions and allowances according to ito, 1984 tax rebate. I think it will serve its purpose to the reader ably of this income tax digest at a look. Conditions and limitations of carrying forward of loss, etc. Liability for carrying on business with less than three or, in the case of a private company, two members 31 service and authentication of documents 48. Existing thirty sections and two schedules of the income tax ordinance 1984 ito have been amended or deleted and two new sections have been inserted to.

Income tax ordinance 1984 amended up to july 2018 1. Whereas it is expedient to consolidate and amend the law relating to income tax. How to calculate minimum tax for individual taxpayer in. If you invest in the specified areas, your investment will be allowable for tax rebate. Pakistan customs restrained from issuing notices to clearing agent, non payment of federal excise duty 10mar2020. The incometax ordinance, 1984 within twentyone days of the date of such notice, a furnish to the deputy commissioner of taxes a return containing such particulars of contributions made to the fund as the notice may require. Note on maternity leave pay tax deduction section 11 of the maternity protection act, ch. The income tax ordinance 1984 updated in light of the finance act 2018. The sixth schedule of the income tax ordinance, 2001. The income tax ordinance, 1984 amended upto july, 2018 disclaimer. Tax on shipping and air transport income of a nonresident person 30 7a. This document is an unofficial consolidation of the eighth schedule to the income tax act, 58 of 1962, introduced by the taxation laws amendment act, 5 of 2001, the amendments effected by the revenue laws amendment act, 19 of 2001, the amendments effected by second revenue laws amendment act, 60 of 2001, the. The next working day following the tax day if the day mentioned above is. Sixth schedule to the constitution amendment act, 1995 42 of 1995, s.

Any income derived from the business of software development and information technology enabled services ites for the period from the first day of july, 2008 to the thirtieth day of june, 20 subs. Guide on filing of statutory returns published by registration department nic building, jinnah avenue, islamabad, pakistan. Sixth schedule, parta under paragraph 1 of section 44 contains incomes. 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. In this ordinance, unless there is anything repugnant in the subject or context, 1 agricultural income means a any income derived from any land in bangladesh and used for agricultural purposes. Although it says up to 2008, the exemption has later been extended up to 20 with section 33 of the sixth schedule of income tax ordinance page 61 of this pdf. Additional powers of the north cachar hills autonomous council and the karbi anglong autonomous council to make laws. For company 15th day of the 7th month following the end of the income year for other than company 30th november following the end of the income year. Payments from such provident funds are exempted from income tax. Commissioner may demand special returns and make special assessments. Sales tax act, 1990 federal board of revenue government. Tax incentive existed in income tax regime under income.

Computation of total income chapter vi exemptions and allowances 44. Which is recognized by commissioner inland revenue under the sixth schedule of the income tax ordinance, 2001. Income tax ordinance, 2001 amended upto 30th june, 2019. Ordinance xxxi of 1979 30th june, 1979 an ordinance to consolidate and amend the law relating to income. Lucky cement awarded maps corporate excellence award 10mar2020. Where to invest for tax rebate in income tax of bangladesh. Whereas it is expedient to consolidate and amend the law relating to income tax and super tax. An ordinance to consolidate and amend the law relating to income tax. Exemptions and tax concessions in the second schedule 90 54. Income tax ordinance 1984 amended up to july 2018 slideshare. The incometax ordinance, 1984 metropolitan chamber of. The aggregate of the allowances admissible of the sixth schedule part b shall. Tax on shipping and air transport income of a non resident person. Tax on shipping and air transport income of a nonresident.

This type of provident fund is maintained by private sector or organizations. No exemptions are available but there is no yearly taxability. Collection of tax from transfer of share of shareholder of. The area of investments have specified in the sixth schedule part b of income tax ordinance ito 1984. In that case your investment allowance will also be on the taxable income excluding income under the finale settlement i. The finance act 2018 and statutory changes in the income. Pdf relevant provisions of income tax ordinance 1984 affecting. Companies ordinance, 1984 iii the legal minimum of members 47. Now, therefore, in pursuance of the proclamation of the 24th march, 1982, and in exercise of all powers enabling him in this behalf, the president is pleased to make and promulgate the following. The eighth scheduledeductions or collections of tax at source. Tax ordinance, 1984 xxxvi of 1984 in respect of income from the said. In this ordinance, unless there is anything repugnant in the subject or context, 1. Essential provisions in income tax ordinance 1984 affecting.

Interest payable by government on excess payment of advance tax. The sixth schedule see section 1 table 1 imports or supplies finance act 201718 update new inserted deletion or omitted substituted serial no description heading nos. This income tax ordinance, 1984 is not published officially by nbr or any other competent government authority. Now, therefore, in pursuance of the proclamation of the 24th march, 1982. Following is the text of the fbrs notification issued here on monday. Manual, parti the income tax ordinance, 1984 updated by.