Can i Claim Business Expenses Paid in Cash in Pakistan

Section 21(s) of Income Tax Ordinance 2001: Disallowance of Expenses on Cash Receipts Over Rupees 200,000

The new amendment relates to the disallowance of business expenses under section 21s of the Income Tax Ordinance 2001. During assessment proceedings under section 122, if the FBR detects that a cash…