Amendment in Second Schedule of Income Tax Ordinance, 2001 in Part-iv
SRO 120(I)/2011 is an Income Tax SRO dated 14 February 2011, listed by FBR as "Amendment in Second Schedule of Income Tax Ordinance, 2001 in Part-iv".
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 14th February, 2011.
NOTIFICATION
S.R.O.120 (I)/2011.- In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (Ord. XLIX of 2001), the Federal Government is pleased to direct that in the said Ordinance, in the Second Schedule, in Part-IV, after clause (75) the following new clause (76) shall be added, namely:-
"(76) The provision of section 148 shall not apply on import of solar PV panels/modules, alongwith related components including investors, charge controllers and batteries, LVD induction lamps, SMD LEDS with or without ballast with fittings and fixtures, fully assembled wind turbines including alternator and mast, solar torches, lanterns and related instruments".
[C. No. 1(18)E&C/03]
(Asrar Raouf)
Additional Secretary
Related Income Tax SROs on exemptions and concessions
- SRO 333(I)/20112 May 2011Reduced rate of withholding tax on Sales / Supplies procured by taxpayers covered under sales tax zero rated regime.
- SRO 317(I)/201119 April 2011Amendment in Second Schedule in Part-iv (Addition of Clause 78.)
- SRO 288(I)/20111 April 2011Withholding Tax on Sales Tax zero rated taxpayers (Fieve Categories)
- SRO 263(I)/201119 March 2011Amendment in Second Schedule of Income Tax Ordinance 2001 in Part-IV
- SRO 174(I)/20115 March 2011Amendment in Part-III Second schedule of ITO 2001, Turnover Tax for cases of Flour Mills the rate of Minimum Tax on the amount representing annual turnover under section 113 shall be reduce by eighty percent
- SRO 119(I)/201114 February 2011Amendment in Second Schedule of Income Tax Ordinance 2001 in Part-1