Saturday, 28 January 2023
Trending
TAXATION

Who is exempt from filing income tax returns ?

Persons-Exempted-From-Filing-Income-Tax-Returns-In-Pakistan

There is a list of persons who are exempted from filing annual income tax returns under Income Tax Ordinance, 2001.

Persons who are not required to file there income tax returns are explained under section 115 of Income Tax Ordinance, 2001.

Section 115 of the Income Tax Ordinance, 2001 is reproduced here:

The following persons shall not be required to furnish a return of income for a tax year solely by reason of sub-clause (iii), (iv),(v) and (vi) of clause (b) of sub-section (1) of section 114 –

(a) A widow;

(b) an orphan below the age of twenty-five years;

(c) a disabled person; or

(d) in the case of ownership of immovable property, a non-resident person.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants-Tax-News-FBR
A d v e r t i s e m e n t
Related posts
TAXATION

What is section 7e of the Income Tax Ordinance 2001

Table of Contents What is section 7e of the Income Tax Ordinance 2001(iv) Capital asset allotted to…
Read more
TAXATION

FBR revised commercial and residential property rates in Lahore

Table of Contents FBR revised commercial and residential property rates in LahoreDownload Revised…
Read more
TAXATION

FBR issues rules for subscribing Pakistan Single Window system

Table of Contents FBR issues rules for subscribing Pakistan Single Window systemWHAT IS PAKISTAN…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.