What changed in the Income Tax Ordinance, 2001 on 2019-12-31

Between the version published 2019-03-11 and the one published 2019-12-31, 17 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 6C: Enhanced rate of tax on taxable income from Federal Government securities
• section 64C: Tax credit for persons employing fresh graduates
• section 75A: Purchase of assets through banking channel
• section 99C: Special procedure for certain persons
• section 100BA: Special provisions relating to persons not appearing in active taxpayers’ list
• section 108A: Report from independent chartered accountant or cost and management accountant
• section 108B: Transactions under dealership arrangements
• section 120B: Restriction of proceedings
• section 153B: Payment of royalty to resident persons
• section 181D: Business licence scheme
• section 192B: Prosecution for concealment of an offshore asset
• section 195A: Prosecution for non-compliance with notice under section 116A
• section 195B: Prosecution for enabling offshore tax evasion
• section 216A: Proceeding against authority and persons
• section 222A: Fee and service charges
• section 230G: Directorate General of Special Initiative
• section 230H: Directorate General of Valuation

How to check this yourself

Open the 2019-12-31 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.