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I INCOME TAX ORDINANCE 2001 TABLE OF CONTENTS CHAPTER 1 PRELIMINARY 1. Short title, extent and commencement 1 2. Definitions 1 3. Ordinance to override other laws 17 CHAPTER II CHARGE OF TAX 4. Tax on taxable income 18 5. Tax on dividends 19 6. Tax on certain payments to non-residents 19 7. Tax on shipping and air transport income of a non- resident person 19 8. General provisions relating to taxes imposed under sections 5, 6 and 7 20 CHAPTER III TAX ON TAXABLE INCOME PART I COMPUTATION OF TAXABLE INCOME 9. Taxable income 21 10. Total income 21 11. Heads of income 21 PART II HEAD OF INCOME SALARY 12. Salary 22 13. Value of perquisites 24 14. Employee share schemes 28

INCOME TAX ORDINANCE 2001 - Lawyer Pakistan Tax Ordinance 2001.pdf · INCOME TAX ORDINANCE 2001 ... 28. Profit on debt, financial costs and lease payments 45 ... Institution of prosecution

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