Amendments Second Schedule Said Ordinance After Clause (IOC) New Clause Inserted, “(IOD) Provisions
SRO 1013(I)/99Exemptions and concessions
SRO 1013(I)/99 is an Income Tax SRO dated 4 September 1999, listed by FBR as "Amendments Second Schedule Said Ordinance After Clause (IOC) New Clause Inserted, “(IOD) Provisions".
The text below was extracted automatically from the text layer of the official PDF. Line breaks and table layout may differ from the original, and where FBR scanned the paper and added a machine-read text layer, that layer can contain misread characters. Check the official PDF before relying on any wording or figure.
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GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE,ECONOMIC AFFAIRS,
STATISTICS AND REVENUE,
REVENUE DIVISION
CENTRAL BOARD OF REVENUE
***
Islamabad, September 04, 1999.
NOTIFICATION
(Income Tax)
S.R.O. 1013(I)/99.- In exercise of the powers conferred by sub-section (2) of
section 14 of the Income Tax Ordinance, 1979 (XXXI of 1979), the Federal Government
is pleased to direct that the following further amendments shall be made in the second
schedule to the said Ordinance, namely:-
In the aforesaid Schedule, in Part IV, after clause (IOC) the following new clause
shall be inserted, namely:-
“(IOD) The provisions of sub-section (7D) of section 50 shall not apply to
any payment made by way of profit or interest to any person on
Term Finance Certificates being the instruments of redeemable
capital under the Companies Ordinance, 1984 (XLVII of 1984),
issued by Prime Minister’s Housing Development Company (Pvt)
Limited (PHDCL).”.
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[C.No.1(14)E&IC/96 Pt.]
(ASAD ARIF)
ADDITIONAL SECRETARY/MEMBER (Dir.Taxex)
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