ITO Section 69 | Receipt of income.

ITO Section 69

Receipt of income.

For the purposes of this Ordinance, a person shall be treated as having received an amount, benefit, or perquisite if it is —
(a) actually received by the person;
(b) applied on behalf of the person, at the instruction of the person or under any law; or
(c) made available to the person.

Explanation of ITO Section 69

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Detail of ITO Section 69

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حَسْبِيَ اللَّهُ لاَ إِلَهَ إِلاَّ هُوَ عَلَيْهِ تَوَكَّلْتُ وَهُوَ رَبُّ الْعَرْشِ الْعَظِيمِ

“Allah 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.”