Income Tax Act 2023
Section 2 Clause 73 - Inventory
(as updated till Finance Act 2024)
“inventory”, in the general course of business, means—
(a) anything produced or manufactured;
(b) anything extracted or purchased for the purpose of manufacture, sale or exchange; or
(c) all such materials or supplies used in the process of production or manufacture,
but it shall not include shares or stocks;
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.