Laws / Income Tax Law / 16G

16G - Charge of tax on retained earnings, reserves, surplus etc. [new]

116G. Charge of tax on retained earnings, reserves, surplus etc.— Notwithstanding anything contained in this ordinance or any other law for the time being in force, if in an income year, the total amount transferred to retained earnings or any fund, reserve or surplus, called by whatever name, by a company regist...

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