I.T.AS. NOS.665(IB) TO 668(IB) OF,1999-2000, DECIDED ON 30TH JUNE, 2001. versus I.T.AS. NOS.665(IB) TO 668(IB) OF,1999-2000, DECIDED ON 30TH JUNE, 2001.
Section 30, 31, 22 and Second Schedule, Part I, CL (176) The assessee's interest income, excluding income from other sources, claimed that interest income was not from the production of electricity but from electricity. Was generated from the generating scheme and is exempt from the interest income earned from other sources under section 30 of the Income Tax Ordinance 1979 and under the allowances and deductions under section 31 of the Income Tax Ordinance 1979 Other will be valid / acceptable Other income may not be. Under section 22 of the Income Tax Ordinance 1979, it is considered as income from the business; Plus tax will be charged under section 30. If any, the Income Tax Ordinance is admissible under Section 31 of 1979
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