PARAZELSUS PAKISTAN (PVT.) LTD., KARACHI versus DCIR AUDIT, UNIT-III AND IV, ZONE-II, KARACHI
Section 113 (1), Section RO No. 69 (I) / 2010 Dated 3 2 2010 The taxpayers are exempt from the tax on the income of some persons, provided that the provisions of section 113 of the Income Tax Ordinance 2001 were not attracted. Because it made a total announcement. Losses before depreciation and other non-deductible expenses; and the provisions of subsection (1) of section 113 of the Income Tax Ordinance 2001 do not apply to a company that declares gross loss before depreciation and other non-deductible expenses. Has been announced. Wherever appearing in the Income Tax Ordinance, 2001, the term loss is required to be calculated in accordance with the provisions of the Income Tax Ordinance 2001 and not a loss according to the profit and loss accounts. The Fourth Schedule and the Seventh Schedule to the Income Tax Ordinance 2001 are specifically and explicitly quoted in the Account Profit and Profit so the total loss stated in the provisions of Section 113 of the Income Tax Ordinance 2001 is not calculated. can go. This gross loss in the Income Tax Ordinance 2001 was not appreciated. In the general sense, this means that gross loss in the calculation of income, accounting for profit and loss, was adjusted by the loss of allowance and the significant costs. And that, in view of the provisions of section 113 (1) of the Income Tax Ordinance 2001, the minimum tax could not be imposed because the taxpayers did not explain the loss in return of income and the total loss for that purpose. Was. Income Tax Ordinance, 2001 The conditions of accuracy for section 113 (1) of the Income Tax Ordinance, 2001 were favorable in nature and also deal with the issue of difficulties.
