Taxation

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Person - Section-80
Wednesday, March 20, 2013

(Section-80) - Person include

(a) an individual
(b) a company or association of persons incorporated, formed, organised or established in Pakistan or elsewhere;
(c) the Federal Government, a foreign government, a political subdivision of a foreign government, or public international organisation

Association of Persons

includes a firm, a Hindu undivided family, any artificial juridical person and any body of persons formed under a foreign law, but does not include a company;

Company means
(i) a company as defined in the Companies Ordinance, 1984
(ii) a body corporate formed by or under any law in force in Pakistan
(iii) a modaraba;
(iv) a body incorporated by or under the law of a country outside Pakistan relating to incorporation of companies;
(v) a trust, a co-operative society or a finance society or any other society established or constituted by or under any law for the time being in force
(vi) a foreign association, whether incorporated or not, which the Board has, by general or special order, declared to be a company for the purposes of this Ordinance;
(vii) a Provincial Government;
(viii) a Local Government in Pakistan;
(ix) a Small Company as defined in section 2

Labels: Person, Section 80, Taxation

posted @ 5:43 PM,

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