Computation of income tax for builders and developers

Eleventh Schedule of Income Tax Ordinance, 2001 has explained the computation of income tax for builders and developers. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Eleventh Schedule of Income Tax Ordinance, 2001: 1. Eligibility.–These rules shall apply to … Continue reading Computation of income tax for builders and developers