Ordinance XLIX of 2001
Income Tax Ordinance, 2001
Also known as: ITO
- Jurisdiction
- federal
- Enacted
- 2001
- Domain
- tax
Summary
PLACEHOLDER summary — principal statute for assessment and collection of income tax in Pakistan.
Sections
- § 4Tax on taxable incomePLACEHOLDER body — Subject to this Ordinance, income tax shall be imposed for each tax year, at the rate or rates specified in Division I, IB or II of Part I of the First Schedule, on every person who has taxable income for the year.
- § 114Return of incomePLACEHOLDER body — Subject to this Ordinance, the following persons shall furnish a return of income for a tax year, in the prescribed form and manner.
- § 122Amendment of assessmentsPLACEHOLDER body — Subject to this section, the Commissioner may amend an assessment order, by making such alterations or additions as the Commissioner considers necessary.