IT services Clause 30AD of Section 2
IT services Clause 30AD of the Income Tax Ordinance, 2001: The defiant of IT services is proposed to be shifted in section 2 of the Income Tax Ordinance, 2001 by inserting a new clause 30AD.
Presently, the said definition is referred in section 65F which was inserted in tax Laws (Second Amendment) Ordinance, 2021 dated 24.03.2021. Before this, the said definition was mentioned in Clause 133 Part 1 of Second Schedule.
The said definition is as under:
“Information Technology (IT) services include software development, software maintenance, system integration, web design, web development, web hosting and network design.
The taxpayers engaged in provision of IT Services can also apply exemption under section 159/ 154A of the Income Tax Ordinance, 2001.
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