Income Tax Act 2023
Section 2 Clause 37 - Trading Account or Profit and Loss Account
(as updated till Finance Act 2024)
“trading account” or “profit and loss account” includes income statement and other similar statement of accounts prepared under International Financial Reporting Standards (IFRS);
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.