Addition of a new sub-rule (4) in rule 8 of the Seventh Schedule to the Income Tax Ordinance, 2001
SRO 213(I)/2023Rules and amendments to rules
SRO 213(I)/2023 is an Income Tax SRO dated 22 February 2023, listed by FBR as "Addition of a new sub-rule (4) in rule 8 of the Seventh Schedule to the Income Tax Ordinance, 2001".
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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Govemment of Pakistan
Ministry of Finance and Revenue
(Revenue Division)
**(X<**
Notification
(Income Tax)
Islamabad, the 22"d February, 2023.
S.R.O. 213 (l)t2023. - In exercise of the powers conferred by rule 10 of the
Seventh Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal
Govemment is pleased to direct that the following further amendment shall be made
in the Seventh Schedule, namely: -
In the aforesaid Schedule, in rule 8, after sub-rule (3), the following new sub-
rule shall be added, namely: -
*(4) Profit on debt and capital gains from debt and debt instruments
approved by the Federal Govemment shall be exempt from tax chargeable
company under this Ordinance, derived by any non-resident banking
approved by the Federal Govemment for the purpose of this sub-rule.".
1 (3 )Rules&SROs/2023 ][C. No.
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