Section 71 of Income Tax Ordinance, 2001 has explained that every amount taken into account shall be in Pak Rupee (PKR). 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 Section 71 of the Income Tax Ordinance, 2001: 71. … Continue reading Every amount to be taken in PKR for income tax purpose