Support payment made tax exempted

Support payment made tax exempted

Section 48 of Income Tax Ordinance, 2001 has exempted from income tax on payment made to a spouse under an agreement to live apart.

 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 48 of the Income Tax Ordinance, 2001:

48. Support payments under an agreement to live apart.— Any income received by a spouse as support payment under an agreement to live apart shall be exempt from tax under this Ordinance.

(Disclaimer: The text of above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)

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