Exemption from Income Tax to the PM Flood Relief Fund 2022
SRO 1590(I)/2022 is an Income Tax SRO dated 23 August 2022, listed by FBR as "Exemption from Income Tax to the PM Flood Relief Fund 2022".
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 23rd August, 2022.
Notification
(Income Tax)
S.R.O. 1590(I)/2022. - 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 amendments shall be made in the Second Schedule to the said Ordinance, namely: -
In the aforesaid Schedule,-
(a) in Part I, in clause (66), in sub-clause (1), in Table 1, in column (1), after S. No (lxii), the following new S. No. and entries relating thereto in column (2) shall be added, namely:-
| "(lxiii) | The Prime Minister's Flood Relief Fund, 2022 with effect on and from the 5th August, 2022.". |
|---|
(b) in Part IV,-
(i) in clause (11A), after sub-clause (xlv), the following new sub-clause shall be added, namely:-
"(xlvi) The Prime Minister's Flood Relief Fund, 2022 with effect on and from the 5th August, 2022"; and
(ii) after clause (120), the following new clauses shall be added, namely: -
"(121) The provisions of section 151 shall not apply to the Prime Minister's Flood Relief Fund, 2022 with effect on and from the 5th August, 2022.
(122) The provisions of section 236 shall not apply on the amount donated through SMS to the Prime Minister's Flood Relief Fund, 2022 with effect on and from the 5th August, 2022.".
[F.No. 1(56)Secy(ITP)/2022]
(Afaque Ahmed Qureshi)
Additional Secretary
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