Income Tax Act 2023
Section 57 - Capital Gains
(as updated till Finance Act 2024)
Profits and gains arising from transfer of ownership of capital assets shall be capital gains:
Provided that any notional gain or profit arising out of any asset, not actually transferred, in accordance with International Accounting Standards (IAS) or International Reporting Standards (IFRS) following the Fair Market Value Method shall not be treated as capital gains.
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.