Amendment And Deemed To Have Been So Made On 1 St July, 1999, Second Schedule Said Ordinance
SRO 824(1)/99Exemptions and concessions
SRO 824(1)/99 is an Income Tax SRO dated 8 July 1999, listed by FBR as "Amendment And Deemed To Have Been So Made On 1 St July, 1999, Second Schedule Said Ordinance".
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
MINISTRY OF FINANCE, ECONOMIC AFFAIRS.
STATISTICS AND REVENUE,
REVENUE DIVISION
CENTRAL BOARD OF REVENUE
***
Islamabad, July 08, 1999.
NOTIFICATION
(Income Tax)
S.R.O. 824(1)/99.- In exercise of the powers conferred by sub-section
(2) of section 14 of the Income Tax Ordinance, 1979 (XXXI of 1979), the
Federal Government is pleased to direct that in the Second Schedule to the
said Ordinance the following further amendment shall be made and shall be
deemed to have been so made on the 1st July, 1999, namely:-
In the aforesaid schedule, in Part II, for clause (6AA) the following
shall be substituted, namely:-
“(6AA) In respect of any edible oils imported as raw material by an
industrial undertaking exclusively for its own use, the tax under sub-
section (5) of section 50 shall be collected at the rate of two per cent of
the value of such edible oils as increased by customs-duty and sales
tax, if any, levied thereon.”.
[C.No.1-167(ITP)/99]
( ASAD ARIF )
Member (Income Tax)/Addl.Secretary
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