Part III, Second Schedule of the Income Tax Ordinance, 2001 has explained the reduction in tax liabilities under 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 is the text of Part III, Second Schedule of the Income Tax Ordinance, … Continue reading Reduction in liabilities under income tax law