Feb
7
Definitions
Income tax law defines amalgamation
The word ‘amalgamation’ has been defined under Income Tax Ordinance, 2001. The Ordinance updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR) has defined the word ‘amalgamation’ as: “Amalgamation” means the merger of one or more banking companies or non-banking financial institutions, or insurance companies, or companies owning and managing […]