FIN623 - Taxation Management

According to Section 2(19)(e) of Income Tax Ordinance 2001 Dividend includes:
any payment by a private company or trust of any
sum (whether as representing a part of the assets of the
company or trust, or otherwise) by way of advance or loan to a
shareholder or any payment by any such company or trust on
behalf, or for the individual benefit, of any such shareholder, to
the extent to which the company or trust, in either case,
possesses accumulated profits; [or]
[(f) [remittance of] after tax profit of a branch of a foreign
company operating in Pakistan;]