Income Tax Amendment Act 2024

Income Tax Amendment Act 2024. The income tax ordinance, 2001 has undergone significant revisions through the enactment of new tax laws (amendment) act, 2024. This blog provides a comparative analysis of our recommendations and expectations against the amendments introduced in the finance (no.

Key amendments to the finance (no.2) bill, 2024, include changes in tax rates, capital gains, customs duties, and excise laws, effective from october 1, 2024. 1) a formula to calculate monthly cumulative tax;