Exemption from income tax under clause (75) of Part-1 of the Second Schedule to Income Tax Ordinance, 2001
SRO 453(I)/2021Exemptions and concessions
SRO 453(I)/2021 is an Income Tax SRO dated 7 April 2021, listed by FBR as "Exemption from income tax under clause (75) of Part-1 of the Second Schedule to 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.
Page 1
Government of Pakistan
(Revenue Division)
Federal Board of Revenue
*****
Islamabad, the 7th April, 2021.
NOTIFICATION
(Income Tax)
S.R.O. 453 (1)/2021.- In exercise of the powers conferred by clause (75) of Part I
of the Second Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal
Government is pleased to approve exemption for the purposes of the said clause in
respect of the income of any agency of a foreign government, a foreign national
(company, firm or association of persons) or any other non-resident person, from profit
on money borrowed in respect of US$ 500 million Regulation-S issued by the Pakistan
Water and Power Development Authority,
fF.No.4(192)1T-Budget/20201
(Ch. Muhammad que)
Additional Secretary
Related Income Tax SROs on exemptions and concessions
- SRO 1008(I)/20219 August 2021Amendment in clause (12B), Part IV of the Second Schedule of the Income Tax Ordinance, 2001
- SRO 589(I)/202125 May 2021Amendment in Second Schedule of Income Tax Ordinance, 2001
- SRO 235(I)/202123 February 2021Exemption of taxes on import of raw & white sugar
- SRO 1241(I)/202020 November 2020Amendment in clause (12B), Part IV of the Second Schedule of the Income Tax Ordinance, 2001
- SRO 922(I)/202029 September 2020Exemption from taxes at import stage in respect of procurement of 83xMicron Sprayers for Anti-Locust
- SRO 923(I)/202029 September 2020Procedure for obtaining exemption certificate u/s 152