SRO 126(I)/2013 dated 13.02.2013
SRO 126(I)/2013 is an Income Tax SRO dated 13 February 2013, listed by FBR as "SRO 126(I)/2013 dated 13.02.2013".
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
FEDRAL BORAD OF REVENUE
Islamabad, 13th February, 2013.
NOTIFICATION
(Income Tax)
S.R.O. 126(I)/2013. - In exercise of 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 amendments shall be made in the Second Schedule to the said Ordinance, namely.-
In the aforesaid Schedule,-
(a) in Part-II, after clause (13HH), the following new clause (14) shall be inserted, namely:-
"(14) In case of owners of oil tankers, the rate of tax as specified in clause (i) of Division III of Part IV of First Schedule shall be reduced to Rs.2 per kilogram of the laden weight."; and
(b) in Part-IV, after clause (43C), the following new clause (43D) shall be inserted, namely:-
"(43D) The provisions of clause (a) of sub-section (1) of section 153 shall not apply in case of an oil tanker contractor with effect from 1st July 2008, provided that such contractor pays tax @ 2.5%, on the payments for rendering or providing of carriage services w.e.f. tax year 2012".
[C.No.1(10)WHT/2006]
(MUHAMMAD RAZA BAQIR)
Member (IR Operations)/
Additional Secretary
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