IncomeTax

Synopsis of Tares
CHAPTER-3
SCOPE OF TAX
CHARGE OF TAX (41
such income, during the tav
upon a person deriving ye
tax is an annual charge
of the Income Tax Ordinance, 2001r
Income
which is chargeable to tax under any provision 2001. This
Ordinance requires a person to:

1. Pay income tax;

2. Deduct or collect the tax-at-source and deposit it in Government Treasury;
3. Pay tax in advance during the tax year
Pay default surcharge and penalties, in case of default; and / or
5. Pay fees
The payment, collection and deduction of income tax (whether advance, at source or
return) shall be made in accordance with the rates specified in the First with
amendment in the rates shall be effective from the Schedule. Any
date specífied in the notification.
amendment shall not be applicable to the
tax years. 4 (1)& assessments of the incomes pertaining to Such
(2)] previous
While computing the tax
tax credits shall be liability, a
taxpayer is
allowed different types of tax
allowed according to the rules set out in the Ordinance. credits. These
CATEGORIES OF TAXPAYERS [4(3))
The Ordinance
the sources of segregates the taxpayers into different
1.
income and/or
taxability of the classes. These classes are based on
Individuals (salaried and persons. Major categories of the
2
Associations of persons non-salaried); taxpayers are.
3. Companies (banking (AOPs); and
Each of the companies, small
companies &other cornpanies).
taxpayer above-referred cdasses may further be
TAX REGIMES (4(4)] classified into resident and
There are
non-resia
dent

which are vaDous modes of

description dcommonly charging income tax
each of theknown as "Tax under the
Normal tax
regimes. Regimes". Income Tax Ordinance, 2001
Tax
Regime (NTR) is that
under each head of method
Coming paragraphs orana
conta biet
contain a brief
income under income
is of
taxation under
rom head
a
gross income I of
income computed
all and
included which ne
the income of a person
o
compute taxable
revenue deductions in
admissible total income
income. moun
While computu
ccount of Zakat, income', the
WPPF, total
WWF, Profit on income
under that head vmdeducte
dedu
a
debt on is reduced by
houses '&
deductible
loan for ctible allowances on

Educationallonses
Educatioin expens
SynopsIs9 cope of Tax

omputeo anolying the tax

rates 3-55]
ted shall be reduced applicable to the
T a x i s c o m p u t e d

tax tax so so
compute
by the amount of person under the First
The
taxpayer. The. Iltant figure shall be the amount of
tax
any tax credits Schedule
available
payable or refundable to the
SeparateTax Reaime (STR) IS that
metnod or
head
any head
unde of income, rather, aretaxation
kept
under which certain incomes are not
included

tax rates (other than the nomal tax rates separate and
charged to tax
special
so
calculated shall be the tax
payable on
applicable incomes under NTR) some
to at
amount such income. It The
ons, deductible allowances or tax credits shall not be reduced by
any otherwise available to the
Taxunder this regime is added in the amount of tax for the taxpayer
year under NTR and thus total
tax for
the year is computed.

Ta Regime or Presumptive Tax Regime (FTRIPTR) is that method of taxation

under which certain incomes or transactions are eated or
presumed as income and tax
doductable or collectable at
SOurce on such transaction is considered as full and
final
discharge of tax liability in respect of such incomes/transactions.

The amount treated as income is not reduced by any deductions and deductible
t shall not be indluded in total income and no tax credits shall be allowed against tax
computed under this regime.
Minimum Taxation (MTR) is that method of taxation under which the tax deducted or
collected at source is treated as minimum tax in respect of such incomes. Under this regime.
the tax liability of a person shall be the higher of the tax under:

Normal tax regime (NTR); or

2. The minimum tax specified under the law.
Notes:
the
amount which is taxable under STR or FTR shall not be included in
Any such
taxable income under NTR. [4(5)]| in advance, it
2. collected or paid
deducted at sources,
ere any amount of tax is to be
shall be so deducted, collected or paid.[4(5)

TAXABLE INCcOME (9, 60, 60A, 60B, 60C &60D] Taxable income is
for a tax year.
person is liable to pay his taxable income
income tax on

Computed as below incomes)

XXX

Total the exempt XXX

from all heads of income (other than
Less: ne' XXX
ESS "Deductible allowances
axable income
Notes never
be in
negaive.
It
there will
be
means

no
. income
shall
Due to deductible allov Ices the taxable
than the
total
income,

that if the deductible &allowances

are
more
shall be
a loss,

2 taxable incomef for that tax year. Under

such a
case,
there

Total income', in may be

itself,
negative.
tax ru
les.

which may be set-off and carried

forward as
per
 IncomeTax -
Scope of Tax (3-56
Symopsisof Taxes "profit on debt" (which m a y he
be taxable
out of the
been
deducted
shall not be
deducted out of total
Zaket has such Zakat
3. Where the Sources"), puting income under other
Other d e d u c t i o n while compu
as"Income from as
allowed
rather,it may be
income;
(40(2) & 60 (2)) Tax Regime.
Under this case it
taxable under Final
sources.

Currently, profit debt'

on is
the head
"income from other sO esO
deduction of Zakat under
to allow
be possible allowance.
be claimed as 'deductible
Hence, t can only the excess amount shall
ot
not
Where the amount of Zekat is more than the total income,
5.
refunded or carriedforward or carried back. [60(3)
be allowance' can never be below zero t
to deduction of 'deductible
. Taxable income due
more than total income for the vea
'deductible allowance' is
m e a n s that if amount of as IS equal to the amount of
much of the amount shall be allowed as deduction
only so
total income. (9
income of a person who has provided
the followina
Example 3.1 Compute the taxable
as tax
per and other information:
rules)
incomes (detemined
Incomes:
Rs. 240,000
Salary income
Business income 60,000
Income from sales of shares of a private companyy 30,000
Miscellaneous incomes 10,000
Payments and contritbutions:
paid under the Zakat and Ushr Ordinance 15,000
Zakat
Zakat pivately paid to the poor 5,000
Income tax 20,000
Answer:
Total income
Salary Rs. 240,000
Business income 360,000
Capital gain (on sale of shares) 30,000
Income from other sources
10.000
Total income
Less: Zakat paid under Zakat and 640,000
Ushr Ordinance 15.C00
Taxable income
N-1 625.000
Only such Zakat is allowed as
deductible allowance as is
colledted under the Zakat and
Ushr Ordinance. Any Zakat
paid or is deduci
cannot be dedudted while which is paid privatey
N-2 Any payment
computng the taxable income.
on account of income tax has
taxable income. no implication on the of
computdu
INCOME 2(29))
Income
natural
is the flow of
returns over a
period of time from providing
resources, labour and Factors of
capital) in the form of rent,
purposes of Income Tax 'income' wages, interest,
Productrothe
indudes: profit, e
Synopsis ofTaxes Income Tax Scope of Tax
-

[3-571
ncOmes, profits or gains chargeable to tax under
any of the head of income
1. specified in the Income Tax Ordinance, 2001.

Aa amount, which is subject to collection or deduction of tax at source under the

2.
following sections
148 (imports);
i) 150 (dividends);
ii) 152(1) (royalty or fees for technical services to non-residents)
iv 153 (payment for supply of goods or rendering of services);

v) 154 (exports):
156 (prizes and winnings);
vi)
vii) 156A (sale of petroleum products to petrol pump operators);
vil) 233 (payment of brokerage and commission); and
ix) 234(5) (collection from transporters in respect of the vehicles owned by them).
Any amount treated as income under any provision of the Income Tax Ordinance
3 2001.
44 Any Ioss of above-stated incomes, profits or gains.
It is a negative income and may be adjusted against other incomes during the tax

year.
TOTAL INCOME (2(69), 10 & 11]
Total income of a person for a tax year means the total of his following incomes
1. Incomes under each of the following heads of income

i) Salary
i) Income from property;
i) Income from business:
a) Non-speculation business;

b) Speculation business; [N-4]

iv) Capital gains; and
v) Income from other sources.
2. Incomes exempt from income tax.

Notes: income shall be

to tax under
a specific head of
. a r e chargeable
allowed under
law. [11(2))
Such incomes which deductions of
collectively by considering the to tax under a head
ined chargeable
2 deductions exceed
the incomes
loss under
that head. [11(3)
inco Owable
n e excess amount of
deductions shall
be a
provisions
laid down in
the
the
3. A according to
A loss forward
may be set-off or carried
Income
ncome Tax Ordinance. [11(4))
 IncomeTax - Scopeof
Tax 13-58
Synopsis of Taxes separate head of incon
shall be
treated a s a come
Business'
Speculation
For all purposes
4. a s are
taxable under No mal
[19(1) total income'
shall become part of
such incomes
5. Only
Tax Regime (NTR).
60B, 60C & 60D]
ALLOWANCE [2(16), 60, 60A, total income in order t
DEDUCTIBLE deductible from
allowance that is
an
Deductible
allowance' m e a n s

arrive at the
taxable income. made by a person during the tav

Tax Ordinance the following payments

Under the Income "deductible
allowance":
included in
year shal be Ushr Ordinance, 1980; [60(1)]
Zakat paid under the Zakat and
An amount of Welfare Fund Ordinance
under the Workers'
Workers' Welfare
Fund paid
2. Amount of
1971; [60A under the Companies
Profit (Workers
Workers' Participation
Fund paid
3. Amount of any
Participation) Act, 1968; [60B] individual on loan for construction
for profit on debt' paid by an
Deductibie allowance
acquisition of a house; and [60C]
of a new house or of his children.
individual for education
Deductible allowance for tuition
fee paid by an
5.
[60D
Notes: allowance
allowable as 'deductible
Zakat on the following transactions only shall be
1.
1.
by financial institutions deposits
on
i) Zakat deducted o
(at the time of payment
on shareholdings
ii) Zakat deducted by companies
dividend); and
Fund maintained by the Government
in Zakat
ii) Zakat deposited by a person
under the Zakat and Ushr Ordinance.
shall be deductible up to the amount
of
rotai
2. The allowance on account of Zakat shall not
De

Any excess amount of deductible allowance'

income for the tax year.
refunded, carried forward or carried back. [60(3)
DEDUCTIBLE ALLOWANCE FOR PROFIT ON DEBT ON LOANS FOR
HOUSES [60
b ai d a s

of any amount pa o
An individual shal be entitled to a 'deductible allowance' in respect
the

house. This allowance is suojeut

profit on debt on loans borrowed for acquisition of a
following oonditions
1.
1. The profit on debt is paid during the tax year
2. The loan is obtained from any of the following institutions:
i) A scheduled bank;
i) A Non-banking finance company regulated by SECP;
Synopsis of Tares
IncomeTax
cope of Tax
ii) The Government
(Federal, Provincial or [3-59
iv) The statutory body; or Local)
v A public company listed on
a stock
exchange in
utilized construction of a new housePakistan;
The loan is
3. for the
Maximum or the
Fify Dercentamount to be allowed as acquisition of a house;
4.
(50%) of taxable income 'deductible
for the
allowance' should be the lower of
year or Rs. the
5 Where. any part of the 2,000,000; and
unadjusted amount shall allowance could
not be carried
not be
forward adjusted against total
DEDUCTIBLE ALLOWANCE FOR
to the
subsequent tax year.income, the
EDUCATION EXPENSES (6OD
An individual shall be entitled to a
'deductible
year for the education of his children. This
allowance' in respect of tuition fee paid in a tax
conditions: allowance shall be subject to the
1. The taxable income of the following
individual for the tax is
2. Maximum amount to be allowed as year less than Rs.
'deductible
1,500,000.
following amounts: allowance' should be the lower of the
i) 5% of the total tuition fee
paid;
i) 25% of the person's taxable
income for the year, and
i) An amount computed by
of the individual. multiplying Rs. 60,000 with number of
studying children
3. This allowance shall be allowed to any of the
4. parents making payment of the fee.
The claiming parent has to furnish the NTN or the name of the
5. educational institution.
Allowance for education expenses shall not be
withheld by considered for computation of tax to be
such allowance.
an
employer against salary (u/s 149) payable to an individual entited to
6.
6. Where any part of the
the unadjusted amount
allowance could not be adjusted against tax liability for the
shall not be carried forward to the year,
subsequent tax year.
GEOGRAPHICAL SOURCE OF INCOME [101]
A Incomes, which are chargeable to tax
oroadly be classified into the following two under
the Income Tax Ordinance, 2001, may
categories
2 Pakistan-source incomes; and
Foreign-source incomes.
shall e n tin respect of both categories is different. Pakistan-source income, if taxable,
foreian.uded in the total income of both resident and non-resident persons, whereas,
resi urce income is included only in the total income of a resident person. Further, a
a y be allowed certain tax credits in respect of his foreign-source incomes
IMPACT OF RESIDENTIAL STATUs ON SCOPE OF INCOME [11]
The residential status
status of a taxpayer (i.e., resident or non-resident) has important impact on
 Income Tax - Scope of Tax [3-601
Synopsis of Taxes
all incomes of a person (from whero.
income. In case of a resident,
the scope of his total in Pakistan, whereas in the case of a non-resident person, onlv such
derived) are taxable
are Pakistan-source income
incomes are chargeable to tax which
Resldent [11(5)]
Scope of Total Income for source derived, shall be included in ththe
In case of a resident, all incomes, from whatever
income is:
total income if during the tax year the
1. Received in Pakistan;
2. Deemed to be received in Pakistan;
3. Accrued or arisen in Pakistan;
4. Deemed to accrue or arise in Pakistan; and
5. Accrued or arisen outside Pakistan.
From the above it is evident that a resident person's total income shall consist of:
i) The Pakistan-source Income; and
i) The foreign-source income.
Scope of Total Income for Non-Resident [11(6)]
In the case of non-resident the following incomes shall be included in the total income:
An income which is received in Pakistan;
. An income which is deemed to be received in Pakistan;
3. An income which accrues or arises in Pakistan; and
4. An income which is deemed to accrue or arise in Pakistan.
From the above it is obvious thata non-resident's total income shail
source income only. comprise on
Pakistan
Notes:
An income may be received
behalf. by the taxpayer himself or by any other person on his
. f any income or a part of any income
basis on its has been included in the total
accrual, it shall not be income on tne
included again on its actual
3. Incomes are taxable in receipt.
relation to a
specific tax year. Only such incomes can DE
included in the total income that relate to the tax year under
Incomes of each tax assessment.
year are
separately chargeable to tax.
FIRST SCHEDULE
A taxpayer is charged to tax at the rates
Ordinance, 2001. This schedule
consists
specified
of the
in the First Schedule to the Income Tax
Part No. following four parts:
Title of the Part
Rates of Income
IIA
Rates Rates of AdvanceTax
for Collection of Tax Tax
from Distributors, Dealers and
Wholesae
SynopsisofTaxes Income Tax Scope Tax
of
-
[3-61
Rates for Deduction of Tax at
V Rates for Deduction or Collection Source
of Advance Taxx
RATES OF INCOME TAX FOR IAX YEAR 2021
INDIVIDUALS NON SALARIED
&
ASSOCIATION OF PERSONS
Para (1), Division-, Part-I of First
Schedule
S. No. Taxable income Rate of tax
1. Up to Rs. 400,000 0%
2. Rs. 400,001 to Rs. 600,000 5% of the amount exceeding Rs. 400,000
Rs. 10,000 10% of the amount exceeding
3. Rs. 600,001 to Rs. 1,200,000
Rs. 600,000
Rs. 70,000 + 15% of the amount exceeding
4 Rs. 1,200,001 to Rs. 2,400,000
Rs. 1,200,000
Rs. 250,000 20% of the amount exceeding
5. Rs. 2,400,001 to Rs. 3,000,000
Rs. 2,400,000
Rs. 370,000+ 25% of the amount exceeding
6. Rs. 3,000,001 to Rs. 4,000,000 Rs. 3,000,000
Rs. 620,000 30% of the amount exceeding
7. Rs. 4,000,001 to Rs. 6,000,000 Rs. 4,000,000
35% of the amount
Rs. 1,220,000
8. Exceeding Rs. 6,000,000 exceeding Rs. 6,000,000.
INDIVIDUALS SALARIEDD
Part-I of First Schedule]
Para (2), Division-l,
Rate of Tax
S. No Taxable Income
(3)
(1) (2)
1. Rs. 600,0000
0% 600,000
Up to amount exceeding Rs.
5% of the
2. Rs. 600,001 to Rs. 1,200,000 exceeding
Rs. 30,000
10% ofthe amount
Rs. 1,200,001 to Rs. 1,800,000 Rs. 1,200,000
exceeding
Rs. 90,000
15% of the amount
Rs. 1,800,001 to Rs. 2,500,000 Rs. 1,800,000
amount
195,000
+17.5% of the
5. Rs. 2,500,001 to Rs. 3,500,000
Rs
exceeding Rs. 2,500,000
amount exceeding
Rs. 370,000
+ 20% of the
6. Rs. 3,500,001 to Rs. 5,000,000 Rs. 3,500,000 amount
of the
+ 22.5%
Rs. 670,000
Rs. 5,000,001 to Rs. 8,000,000 exceeding Rs. 5,000,000
 IncomeTax -Scopeof
Tax 3-62
Synopsis of Taxes
of the
the
Rs. 1,345,000
+
25%
25% amount
Rs. 12,000,000 exceedingRs.8,000,000
8. Rs. 8,000,001 to
+ 27.5% of the amount
Rs. 2,345,000
to Rs. 30,000,000 exceedingRs.12,000,000
9. Rs. 12,000,001
7,295,000+
30% of the
the amount
Rs.
Rs. 30,000,001 to
Rs. 50,000,000 exceeding Rs. 30,000,000
10.
13,295,000
Rs. 13,295,000
32.5%
+ 32.5% of the amount
Rs.75,000,000
11.
11. Rs. 50,000,001 to exceeding Rs. 50,000,000
+ 35% of the amount
Exceeding Rs. 75,000,000 Rs. 21,420,000
exceeding Rs. 75,000,000
12.
income exceeds seventy-five per
individual whose 'salary
m e a n s an
Salaried Individual'
his taxable income
for the tax year.
cent (75%) of
Example: 3.2 he deposited in the Zakat
income of Rs. 2,570,000.
During the tax year
Mr. Asif has a total income and tax liability for the year,
Fund Rs. 20,000 as Zakat.
Compute his taxable
assuming that Asif is a:
A) Salaried Taxpayer, and
B) Non-Salaried Taxpayer
Answer: Rs. 2,570,000
Total income 20,000
Less: Zakat
2,550,000
Taxable income
Tax for the year:
A) Salaried Taxpayer
195,000
Tax on Rs. 2,500,000
Tax on balance of Rs. 50,000@17.5%
8,750
Total
203,750
B) Non-Salaried Taxpayer
250,000
Tax on Rs. 2,400,000
30,000
Tax on balance of Rs. 150,00020%
280,000
Total
Example: 3.3
Compute the tax liability of M/s. Sajid Rashid Associates, a registered partnership
which has a taxable income from business for the tax year amounting to Rs. 1,260,000.
Answer:
Taxable Business Income of AOP 1260,000
Tax liability for the year
Tax on Rs. 1,200,000 70,000
Tax on balance of Rs. 60,000 x 15% 9.000
Total tax 79,000
SynopsisofTaxes Income Tax Scope
-
of Tax
3-63]
TAXATION rON OF
SUBMARINE ALLOWANCE AND FLYING
Clause (1), Part-lll of Second Schedule]
C a ALLOWANCE
aived
Amount re as submarine allowance by
allowanc is treated as separate
rate block of income officers of the Pakistan Navy
and flying
ceived. Flying allowanc
nce of the
following persons is
charged to tax@2.5% of the amount or
taxed as
1 1gh engineers and
navigators of Pakistan Amed
a
separate block of income
Aviation Authority, and Forces, Pakistani Airlines and Civil
Junior Commissioned Officers and other ranks of Pakistan Amed Forces.
Limit on Flying Allowance and Submarine Allowance
Daduction in tax on account of flying
A 25%) shall be available to so much allowance and submarine
of these allowance (i.e., taxable
equal to the basic salary of the taxpayer. allowances as does not exceed an amount
Where amount of allowance exceeds the amount of basic
shall be adopted: salary, the following procedure
1. Amount of allowance equal to the basic salary shall be taxed@2.5%; and
22. Amount of allowance exceeding the basic
the person and salary shall be included in
salary income of
charged to tax under NTR.
Example: 3.4
Compute tax liability of Mr. Shahbaz who is a flight
following amounts from his employer: engineer in PIA and has received the
1.
Salary and sundry allowances Rs. 2,500,000
2. Flying allowance
600.000
Answer:
Tax on Rs.
2,500,000
Tax under NTR 195.000
195,000
2x on
Total taxflying allowance (Rs. 600,000@ 2.5%) 15.000
210,000
ALLOWANCES RECEIVED BY PILOTS [Clause (1AA), Part-ll of Second Schedule]
nces received by pilots of any Pakistani airlines shall be chargeable to tax as per the
tollwina rules:
following
1.
Total
Owances Equal to Basic Pay: Allowances shal become part of the salary
ICome and
2.
2.Totat charged to tax as per normal procedure and at nomal tax rates.
Total Allowand Exceeding the Basic Pay: Under this case the following
procedure shall be
a) adopted:
Am
unt of total allowances equal to the basic pay shall be included
in salary
"Ome of the and charged to tax under NTR; and
o So much of theperson
So total allowanc as exceeds
to tax @7.570
the basic pay shall be treated as a
eparate block of income and charged to tax @ 7.5%.
Synopsis of Taxes IncomeTax-Scopeof Tax 13-64
OR RESEARCHERs
CASE OF TEACHERS
REDUCTION IN TAX LIABILITY IN
Second Schedule)
[Clause (1N2) of Part-ll of
researcher, employed in a non-profit educae.
In the case of a full time teacher or a
research institutions) duly recognized b
research institution (including government
Education or a University recognized by th
Commission, a Board of 25%
Education reduced by an amount equal to
Education Commission, tax payable shall be
payable on incomefrom salany profession who
available to teachers of medical
Note: This tax credit shall not be
medical practice
recerve
or who share of consideration rerehve
income from private
from patients.
Example: 3.5
University. He has a taxable salary irre
in a Govemment
Mr. Fazal Karim is a professor
his tax liability for the year.
of Rs. 1,900,000. Compute
Answer:
90,000
Tax on Rs. 1,800,000
15% 15.000
Tax on balance of Rs. 100,000@ 105,000
Total Tax i c 26.250
Reduction in tax being teacher (25% of Rs. 105,000)
Less:
Tax liability for the year
78,75
Also
Teachers or Researchers Having Non-Salary Income
on his income from salary
reduction in tax 25% tax payable
A teacher, etc., is allowed a of reducion a
n
taxable income also, then the benefit
Where such person has some other
in respect of his salary income.
shall be restricted to the tax payable
Example: 3.6
college. Furthe, she is also runningtax boutique
a
lecturer in Government
Ms. Jamila is a a
abiny
information for computation of her
part-time basis. She has provided the following
(a) Taxable salary income for the year Rs. 1,800,000; and
(b) Taxable income from business Rs. 400,00o.
Answer
Rs
Taxable income for the year
1,800,000
Income from salary
400.000
Income from business
Total taxable încome 2.200.000
Tax liability for the year 90,000
Tax on Rs. 1,800,000
Tax on balance of Rs. 400,000 15% 60.000
150,000
Total Tax 30.682
Less: Reduction in tax being teacher [N-1 119.318
Tax liability for the year
Synopsis of Taxes Income Tax Scope Tax
of
-
3-65
Reduction in Tax
N-1 Tax on salary income [N-2] * 25% = 122,727 x 25% =
30,682
N-2 Tax on Salary Income
Total Tax
Total Taxable Income Salary Income
150,000
2,200,000 1,800,000 Rs. 122,727
OTHER TAX CREDITS
Various other tax credits are also available to a taxpayer under different provisions of the
Ordinance. All those tax credits are discussed in the Chapter titled as "Tax Credits"
sUPER TAX FOR REHABILITATION OF TEMPORARILY DISPLACED PERSONS
of First Schedule]
4B &Division lIA, Part-
Super Taxis a tax levied in addition to the basic For purpose of
income tax.
rehabilitation of temporarily displaced persons, super tax shall be imposed for tax years
the
tax rates
2015 and onwards. The persons liable to pay super tax and the applicable
are as
below
Rate of Super Tax
Rate (percentage of income)
S. No. Persons Tax Years
2018 2019 2020 2021
4% 4% 4%
4%
1 Banking company
2 Person, other than a banking company, 3% 2% 0% 0%
million or
having income of Rs. 500
more.
amounts:
shall be the sum of the following
ncome' for the purpose of super tax
and commission,
1.P r o f i t on debt, dividend, capital gains, brokerage Ordinance, 2001, excluding the
Income Tax
2. computed uWs 9 of the
o e incomedepreciation and business
losses,
DrOught forward
2(28A); and
section forward
3 mputable income as defined in brought
forward depreciation, Seventh and
4 than brought under Fourth, Fifth,
computed (other
nes business losses)
forward
amor
on and brought Income Tax
1979.
Ordinance,
for the tax
Schedules of the
Ignth of income
of the return
The super tax shall date for furnishing such payment.
be paid by the due applicable to
year. All
All relevant provisions of the law shall be its amount and ser
within a period of
detemine
shall
Wher
here the suner tav is paid, the
Commissioner
d navment
payment withir
notick not the super tax,
demanding
liable to pay
P e r s o n