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GOVERNMENT OF PAKISTANFEDERAL BOARD OF REVENUE(REVENUE DIVISION)
F B R
PAKISTAN
 
INCOME TAX MANUAL
PART I
INCOME TAX ORDINANCE, 2001
(XLIX OF 2001)
AMENDED UPTO 31
ST
JULY, 2008
PUBLISHED BY:FACILITATION & TAXPAYER EDUCATION WING, FBR
 
I
INCOME TAX ORDINANCE 2001
TABLE OF CONTENTSCHAPTER 1PRELIMINARY
1. Short title, extent and commencement12. Definitions13. Ordinance to override other laws 19
CHAPTER IICHARGE OF TAX
4. Tax on taxable income195. Tax on dividends206. Tax on certain payments to non-residents 207. Tax on shipping and air transport income of a non-resident person218. General provisions relating to taxes imposed undersections 5, 6 and 721
CHAPTER IIITAX ON TAXABLE INCOMEPART ICOMPUTATION OF TAXABLE INCOME
9. Taxable income2210. Total income2211. Heads of income22
PART IIHEAD OF INCOMESALARY
12. Salary2313. Value of perquisites2614. Employee share schemes29
 
 
II
 
PART IIIHEAD OF INCOMEINCOME FROM PROPERTY
15. Income from property3016. Non-adjustable amounts received in relation tobuildings3117. Omitted by the Finance Act, 2006.32
PART IVHEAD OF INCOMEINCOME FROM BUSINESS
 
Division IIncome from Business
 18. Income from business3319. Speculation business 34
Division IIDeductionsGeneral Principles
 20. Deductions in computing income chargeable underthe head "Income from Business"3521. Deductions not allowed35
Division IIIDeductionsSpecial Provisions
 22. Depreciation3823. Initial allowance4123A. First Year Allowance4224. Intangibles4225. Pre-commencement expenditure 4526. Scientific research expenditure4527. Employee training and facilities4628. Profit on debt, financial costs and lease payments4629. Bad debts4829A Provision regarding consumer loans49
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