Amendment 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 174(I)/2011 is an Income Tax SRO dated 5 March 2011, listed by FBR as "Amendment 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".
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 5th March, 2011.
NOTIFICATION
(Income Tax)
S. R.O. 174 (1)/2011.- 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 (9), the following new clause shall be added, namely:-
"(10) For cases of flour mills the rate of minimum tax on the amount representing their annual turnover under section 113 shall be reduced by eighty percent.".
[C.No.4(124)ITP/2008]
( Khawar Khurshid Butt )
Member (Inland Revenue)
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 120(I)/201114 February 2011Amendment in Second Schedule of Income Tax Ordinance, 2001 in Part-iv
- SRO 119(I)/201114 February 2011Amendment in Second Schedule of Income Tax Ordinance 2001 in Part-1