Exemption of Income Tax on Goods for Relief Operation for Flood Affectees

Government of Pakistan Ministry of Finance and Revenue (Revenue Division) ***** Notification Islamabad, the 30th August, 2022. S.R.O. 1634 (1)/2022. - In exercise of the powers conferred by sub-section (2) of section 53 and the proviso to the Thirteenth Schedule to the Income Tax Ordinance 2001 (XLIX of 2001), the Federal Government is pleased to direct that the following further amendments shall be made in the Second and Thirteenth Schedules to the said Ordinance in the manner hereinafter provided, namely:- in the aforesaid Second Schedule, in Part-IV, after clause (122), the following new clause shall be added, namely: - "(123) The provisions of section 148 shall for a period of ninety days not apply to goods required and imported for relief operation for flood affectees, duly certified by the National Disaster Management Authority or the Provincial Disaster Management Authority."; and in the aforesaid Thirteenth Schedule, in the Table, in column (1), after S. No 63 and entries relating thereto in column (2), the following new S. No. and entries relating thereto in column (2) shall be added, namely:- "64. The Prime Minister's Flood Relief Fund, 2022 with effect on and from the 5th August, 2022.". [C. No.4/5-STB/2022-(PT-2)1 eshi) Ad itiona cretary