Amendment in the Second Schedule of Income Tax Ordinance, 2001
SRO 847(I)/2007Exemptions and concessions
SRO 847(I)/2007 is an Income Tax SRO dated 22 August 2007, listed by FBR as "Amendment in the Second Schedule of 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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GOVERNMENT OF PAKISTAN
(REVENUE DIVISION)
CENTRAL BOARD OF REVENUE
*****
Islamabad, the 22nd August, 2007.
NOTIFICATION
(Income Tax)
S.R.O. 847(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 IV, after clause (46), the following
new clauses shall be inserted, namely:-
“(46A) the provisions of sub-section (6B) of section 153 shall
not apply to any payment received by a manufacturer of
iron and steel products relating to sale of goods
manufactured by him.
(46B) the provisions of sub-section (6B) of section 153, in so
far as they relate to payments on account of sale of
goods from which tax is deductable under section 153,
shall not apply in respect of an individual or association
of persons being a manufacturer of such goods, for the
tax year 2007.”.
[No.4(20)ITP/2006-Pt]
( 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 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 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.