Amendments Second Schedule Said Ordinance After Clause (41), New Clauses (42) And (43) Added, ,-"(42

GOVERNMENT OF PAKISTAN CENTRAL BOARD OF REVENUE *** Islamabad, August 29, 1998 NOTIFICATION (INCOME TAX) S.R.O.937(I)/98.- 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 the following further amendments shall be made in the Second Schedule to the said Ordinance, namely,- In the aforesaid Schedule, in Part IV, after clause (41), the following new clauses (42) and (43) shall be added, namely,- "(42) The provisions of sub-section (1) of section 50 of the Ordinance shall not apply, to an employer in so far as they relate to deduction of the amount of surcharge payable under clause (d) of paragraph B of Part III of the First Schedule to the Ordinance, in respect of income for the income year 1998-99. (43) The provisions of section 54 and section 88 shall not apply, in respect of income chargeable to tax under the head "Salary", in so far as they relate to the payment of surcharge payable under clause (d) of paragraph B of Part III of the First Schedule to the Ordinance, provided that the employer deducts and pays such amount in monthly installments by the 31st day of May, 1999.". C.No.16(1)ITP/98 ( Muhammad Sarwar Khawaja ) Member(Income Tax)/Additional Secretary