Levy of alternative corporate tax under Section 113C

Section 113C of Income Tax Ordinance, 2001 explained the levy of alternative corporate tax payable by a company in respect of income. 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 113C of … Continue reading Levy of alternative corporate tax under Section 113C