Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to Income Tax Ordinance, 2001 (XLIX of 2001)
SRO 661(I)/2007Exemptions and concessions
SRO 661(I)/2007 is an Income Tax SRO dated 2 July 2007, listed by FBR as "Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to Income Tax Ordinance, 2001 (XLIX of 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
CENTRAL BOARD OF REVENUE
*****
Islamabad, the July 02, 2007
NOTIFICATION
(Income Tax)
S.R.O.661(I)/2007.- In exercise of the powers conferred by sub-
section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of
2001), the Federal Government is pleased to direct that the following
further amendment shall be made in the Second Schedule to the said
Ordinance, namely:-
In the aforesaid Schedule, in Part II, after clause (9) the following
new clause shall be inserted, namely:-
“(9A) Tax under section 231B shall be collected at the rate of two and a
half per cent at the time of sale of motor car and the withholding tax
agents (manufacturer or authorized dealer), irrespective of the date
of booking or advance payment made by the purchaser, shall
collect advance tax where sale invoice is issued and delivery
of motor car is made after 31st August 2007”.
[C.No.4(1)ITP/2007-171]
(Salman Nabi)
Additional Secretary/
Member (Direct Taxes)
Related Income Tax SROs on exemptions and concessions
- SRO 847(I)/200722 August 2007Amendment in the Second Schedule of Income Tax Ordinance, 2001
- SRO 759(I)/200731 July 2007Goods donated for relief of flood victims of year 2007 as exempt from customs-duty and sales tax.
- SRO 755(I)/200727 July 2007Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the Income Tax Ordinance, 2001
- SRO 754(I)/200727 July 2007Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the Income Tax Ordinance, 2001
- SRO 614(I)/200718 June 2007Federal Government is pleased to exempt imported motor vehicles from payment of Capital Value Tax with immediate effect.
- SRO 1268(I)/200621 December 2006Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the Income Tax Ordinance.