ITO Section 8

General provisions relating to taxes imposed under sections 1 [ 2 [ 3 [5, 5A, 5AA, 6, 6A,] 7, 7A, 7B and 7E].

(1) Subject to this Ordinance, the tax imposed under Sections 4  [5, 5A, 5AA, 6, 6A,] 7, 7A, 7B and 7E] shall be a final tax on the amount in respect of which the tax is imposed and-

• (a) such amount shall not be chargeable to tax under any head of income in computing the taxable income of the person who derives it for any tax year;
• (b) no deduction shall be allowable under this Ordinance for any expenditure incurred in deriving the amount;
• (c) the amount shall not be reduced by -

(i) any deductible allowance; or

(ii) the set off of any loss;

• (d) the tax payable by a person under  [section] [5, 5A, 5AA, 6, 6A,] 7, [7A, 7B and 7E] shall not be reduced by any tax credits allowed under this Ordinance; and
• (e) the liability of a person under [section] 5, 6  [, 6A] or 7 shall be discharged to the extent that-

(i) in the case of shipping and air transport income, the tax has been paid in accordance with section 143 or 144, as the case may be; or

(ii) in any other case, the tax payable has been deducted at source under Division III of Part V of Chapter X.