Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the Income Tax Ordinance, 2001
SRO 755(I)/2007Exemptions and concessions
SRO 755(I)/2007 is an Income Tax SRO dated 27 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 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.
Page 1
GOVERNMENT OF PAKISTAN
REVENUE DIVISION
CENTRAL BOARD OF REVENUE
***
Islamabad, the 27th July, 2007
NOTIFICATION
(INCOME TAX)
S.R.O. 755(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-I, after clause (126), the following new
clause shall be inserted, namely:-
“(126A) income derived by -
(a) Gwadar Free Zone Company Limited;
(b) PSA Gwadar International Terminal
Limited; and
(c) Gwadar Marine Services Limited,
from Gwadar Port operations for a period of twenty
years beginning from the year in which the
company is set up or commercial operation is
commenced, which ever is the later.”.
__________________________________________________________________
[C.No.1(157)DTP-II/94.Pt.V(B)]
(Salman Nabi)
Member (Direct Taxes)/Additional Secretary
Related Income Tax SROs on exemptions and concessions
- SRO 105 (I)/20081 February 2008The Federal Government is pleased to exempt the levy of capital value tax on the transfer of building bearing House No. 16-A, Street No. 25, Sector F-6/2, Islamabad.
- 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 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 661(I)/20072 July 2007Federal 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 614(I)/200718 June 2007Federal Government is pleased to exempt imported motor vehicles from payment of Capital Value Tax with immediate effect.