What changed in the Income Tax Ordinance, 2001 on 2019-03-11

Between the version published 2018-06-30 and the one published 2019-03-11, 333 sections appeared for the first time.

Reading this in plain terms: a section appearing for the first time usually means Parliament inserted a new provision. A section disappearing usually means it was omitted. Neither is certain from the text alone, so treat this as a guide to what to check rather than as proof.

New in this version

• section 1: Short title, extent and commencement
• section 2: Definitions
• section 3: Ordinance to override other laws
• section 4: Tax on taxable income
• section 4B: Super tax for rehabilitation of temporarily displaced persons
• section 5: Tax on dividends
• section 5A: Tax on undistributed profits
• section 5AA: Tax on return on investments in sukuks
• section 6: Tax on certain payments to non-residents
• section 7: Tax on shipping and air transport income of a non-resident person
• section 7A: Tax on shipping of a resident person
• section 7B: Tax on profit on debt
• section 7C: Tax on builders
• section 7D: Tax on developers
• section 7E: Reduced rate of tax on additional advances for low cost housing
• section 7F: Reduced rate of tax on additional advances as Farm Credit
• section 8: Accounts of recognised provident funds
• section 8A: Transitional provisions
• section 9: Taxable income
• section 10: Total Income
• section 11: Heads of income
• section 12: Salary
• section 13: Value of perquisites
• section 14: Employee share schemes
• section 15: Income from property
• section 15A: Deductions in computing income chargeable under the head “Income from Property”
• section 16: Non-adjustable amounts received in relation to buildings
• section 18: Income from business
• section 19: Speculation business
• section 20: Deductions in computing income chargeable under the head “Income from Business”
• and 303 more

How to check this yourself

Open the 2019-03-11 version in full and compare against the earlier one. Both carry a link to their official FBR PDF and a SHA-256 checksum, so you can verify either against the source.

This is information, not legal or tax advice.