Section 235 of Income Tax Ordinance, 2001 has explained the advance tax rates on electricity consumption. 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 235 of Income Tax Ordinance, 2001: 235. Electricity consumption.- (1) There shall be collected advance […]

Section 231B of Income Tax Ordinance, 2001 explains advance tax on private motor vehicles. 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 231B of Income Tax Ordinance, 2001: 231B. Advance tax on private motor vehicles.— (1) Every motor vehicle registering […]

Section 228 to Section 230I of Income Tax Ordinance, 2001 explains the functions of Directorates under tax law.

Section 227A and Section 227B of Income Tax Ordinance, 2001 have laid down procedure for reward to officials of Federal Board of Revenue (FBR) and whistleblowers in recovery of tax evaded amount. 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 […]

Section 227 of Income Tax Ordinance, 2001 has explained that no suit or other legal proceedings would be brought in any civil court against any order made under this ordinance. 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 226 of Income Tax Ordinance, 2001 explains the computation of the limitation period. 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 226 of Income Tax Ordinance, 2001: 226. Computation of limitation period.—In computing […]

Section 225 of the Income Tax Ordinance, 2001 grants the Federal Board of Revenue (FBR) the authority to continue or initiate proceedings against companies undergoing liquidation without the need for leave from the Court.

Section 224 of Income Tax Ordinance, 2001 explicitly declares that any proceedings before the Commissioner, Commissioner (Appeals), or Appellate Tribunal are to be treated as judicial proceedings.