Lawkidunya Banner

What is Special Initial Allowance in Law

As per Lawkidunya an Special Initial Allowance SIA is a capital allowance which ranks as a deduction. It has the effect of reducing the taxable amount and therefore the tax due from a business. This incentive enables the business to retain more of its earnings which can then be re-invested to grow the business

Section 23 ITO Initial Allowance in Income Tax Ordinance

.

Leave a Reply

Your email address will not be published. Required fields are marked *