Tax on undistributed profits.
(1) For tax [years 2017 to 2019], a tax shall be imposed at the rate of [five] percent of its accounting profit before tax on every public company, other than a scheduled bank or a modaraba, that derives profit for a tax year but does not distribute at least [twenty] percent of its after tax profits within six months of the end of the tax year through cash [ ]:
Provided that for tax year 2017, bonus shares or cash dividends may be distributed before the due date mentioned in sub-section (2) of section 118, for filing of a return.
(2) The provisions of sub-section (1) shall not apply to—
Enter your Description here...
โWeโre always working to improve and keep our information accurate, complete & up-to-date. If you spot any mistakes, missing details, or anything that doesnโt seem right, please let us know using the feedback option below.โ
No video available.
We provide multiple practice sessions specifically designed to help aspiring lawyers prepare effectively for the Law GAT (Graduate Assessment Test).as Per Outline "
Success! Your action was completed.
โAllah is sufficient for me. There is none worthy of worship but Him. I have placed my trust in Him. He is the Lord of the Majestic throne.โ