In the Second Schedule of Income Tax Ordinance, 2001, in Part-III,after clause(4), following new clause (5) shall be inserted
SRO 171(I)/2008 is an Income Tax SRO dated 21 February 2008, listed by FBR as "In the Second Schedule of Income Tax Ordinance, 2001, in Part-III,after clause(4), following new clause (5) shall be inserted".
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 21st February, 2008
NOTIFICATION
(INCOME TAX)
S.R.O. 171 (I)/2008. - 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 amendment shall be made in the Second Schedule to the said Ordinance, namely:-
In the aforesaid Schedule, in Part-III, after clause (4), following new clause (5) shall be inserted, namely:-
"(5) Where the corporatised entities of Pakistan Water and Power Development Authority (DISCOs) and National Transmission and Dispatch Company (NTDC), are required to pay minimum tax under section 113, the purchase price of electricity shall be excluded from the turnover liable to minimum tax up to the tax year 2013.".
[C.No.(176)(II)(I)-E&IC/97)]
(Usman Khalid Mirza)
Member (Direct Taxes)/Additional Secretary
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