2023-06-30+41 added-28 removed
What changed in the Income Tax Ordinance, 2001 on 2023-06-30
Between the version published 2019-12-31 and the one published 2023-06-30, 41 sections appeared for the first time and 28 no longer appear.
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 4A: Computation, collection and payment of tax under section 4C
- section 4C: Super tax on high earning persons
- section 44A: Exemption under Foreign Investment (Promotion and Protection) Act, 2022 (XXXV of 2022)
- section 59C: Carry forward of business losses of sick industrial units
- section 64D: Tax credit for point of sale machine
- section 65F: Tax credit for certain persons
- section 65G: Tax credit for specified industrial undertakings
- section 99D: Additional tax on certain income, profits and gains
- section 100D: Special provisions relating to builders and developers
- section 100E: Special provisions relating to small and medium enterprises
- section 106A: Restriction on deduction of profit on debt payable to associated enterprise
- section 114A: Business bank account
- section 114B: Powers to enforce filing of returns
- section 122D: Agreed assessment in certain cases
- section 146C: Assistance in the recovery and collection of taxes
- section 146D: Recovery of liability outstanding under other laws
- section 154A: Export of Services
- section 170A: Electronic processing and electronic issuance of Refunds by the Board
- section 171A: Payment of refund through income tax refund bonds
- section 175A: Real-time access to information and databases
- section 181E: Record of beneficial owners
- section 203B: Power to arrest and prosecute
- section 203C: Procedure to be followed on arrest of a person
- section 203D: Special Judges
- section 203E: Cognizance of offences by Special Judges
- section 203F: Special Judge, etc. to have exclusive jurisdiction
- section 203G: Provisions of Code of Criminal Procedure, 1898, to apply
- section 203H: Transfer of cases
- section 203I: Place of sittings
- section 209A: Uniform
- and 11 more
No longer present
These were in the previous version and are not in this one.
- section 23A: First Year Allowance
- section 62: Tax credit for investment in shares and insurance
- section 62A: Tax credit for investment in health insurance
- section 64C: Tax credit for persons employing fresh graduates
- section 65D: Tax credit for newly established industrial undertakings
- section 99A: Special provisions relating to traders
- section 148A: Tax on local purchase of cooking oil or vegetable ghee by certain persons
- section 153B: Payment of royalty to resident persons
- section 156B: Withdrawal of balance under Pension Fund
- section 231A: Cash withdrawal from a bank
- section 231AA: Advance tax on transactions in bank
- section 233A: Collection of tax by a stock exchange registered in Pakistan
- section 233AA: Collection of tax by NCCPL
- section 234A: CNG Stations
- section 235A: Domestic electricity consumption
- section 235B: Tax on steel melters and composite units
- section 236B: Advance tax on purchase of air ticket
- section 236D: Advance tax on functions and gatherings
- section 236HA: Tax on sale of certain petroleum products
- section 236I: Collection of advance tax by educational institutions
- section 236J: Advance tax on dealers, commission agents and arhatis etc
- section 236P: Advance tax on banking transactions otherwise than through cash
- section 236Q: Payment to residents for use of machinery and equipment
- section 236R: Collection of advance tax on education related expenses remitted abroad
- section 236S: Dividend in specie
- section 236U: Advance tax on insurance premium
- section 236V: Advance tax on extraction of minerals
- section 236X: Advance tax on tobacco
How to check this yourself
Open the 2023-06-30 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.