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Section 12 (7) Total income Interest income is considered as interest income where an assessee made a loan or advance money from any person at which no interest was charged or the rate at which interest was charged. Was less than the rate at which it had to increase 2% by the State Bank of Pakistan on which the loan or advance payment was made, at the rate applicable on the day the bank rate was not received or The rate of interest is equal to the interest rate, which is actually less than the interest charged, assuming it will be worth the income and will be included in the total income.

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