Part I, Sixth Schedule of Income Tax Ordinance, 2001 has provided recognition of provident funds for computation of income tax. 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 Part I, Sixth Schedule of Income Tax Ordinance, 2001: … Continue reading Recognition of provident funds for income tax purpose