Rate for profit on debt for Tax Year 2022

The tax rates for profit on debt imposed under section 7B of the Income Tax Ordinance, 2001 for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001. 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 are the rates for profit on debt: The … Continue reading Rate for profit on debt for Tax Year 2022