The Federal Board of Revenue (FBR) has unveiled the updated Income Tax Ordinance, 2001, effective up to June 30, 2021. The comprehensive amendments incorporated through the Finance Act, 2021, bring crucial changes to various sections of the ordinance, including Part III, Third Schedule, outlining the rates for tax concession on pre-commencement expenditure. According to the … Continue reading Tax concession on pre-commencement expenditure