s. 100A

Special provisions relating to banking business

Special Industries

(1) Subject to sub- section (2), the income, profits and gains of any banking company as defined in clause (7) of section 2 and tax payable thereon shall be computed in accordance with the rules in the Seventh Schedule.
(2) Sub-section (1) shall apply to the profits and gains of the banking companies relevant to tax year 2009 and onwards.
(3) Notwithstandinganything contained in sub-section (1), income, profits and gains and tax payable thereon shall be computed subject to the limitations and provisions contained in Chapters VII and VIII.

Amendment history (15)

Full stop substituted by the Finance Act 2017.
Inserted by the Finance Act, 2017.
The words “Federal Government” substituted by the Finance Act, 2021.
Inserted by the Finance Act, 2007.
Added by the Finance Act, 2018.
Added by the Finance Act, 2012.
Words inserted by the Finance Act, 2023.
Expression “, a non-banking finance company” omitted by the Finance Act, 2026.
The word “and” added by the Finance Act, 2026.
Clause (c) omitted by the Finance Act, 2026. The omitted clause read as follow
Clause (d) substituted by new clause (d) by the Finance Act, 2014. The substituted clause read as
Clause (d) omitted by the Finance Act, 2026. The omitted clause read as follow
Sub-section (3) added by the Finance Act, 2026.
New section 100BA inserted through Finance Act, 2019.
Words inserted through Finance Act, 2020 dated 30 June, 2020.

Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.

Source FBR PDF page 174

Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.