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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


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