Amendment in Second Schedule of Income Tax Ordinance, 2001
SRO 06/(I)/2017 is an Income Tax SRO dated 9 January 2017, listed by FBR as "Amendment in Second Schedule of Income Tax Ordinance, 2001".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
Revenue Division
Federal Board of Revenue
Islamabad, the 9th January, 2017.
NOTIFICATION
(Income Tax)
S.R.O. 06 (I)/2017. - In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), and pursuant to the approval of the Economic Coordination Committee of the Cabinet vide case No.ECC-137/24/2016, dated the 13th December, 2016, 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 (99), the following new clause shall be added, namely:-
"(100) The provisions of section 236U shall not apply to an insurance company collecting premium under:-
(a) Crop Loan Insurance Scheme (CLIS); and
(b) Livestock Insurance Scheme (LIS).".
[F.No.1(97)Rules & SROs/2016]
(Rehmatullah Khan Wazir)
Member (IR-Policy)/
Additional Secretary
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