Amendment in Second Schedule to the Income Tax Ordinance, 2001
SRO 2012SRO383 is an Income Tax SRO dated 18 April 2012, listed by FBR as "Amendment in Second Schedule to the Income Tax Ordinance, 2001".
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 18th April, 2012.
NOTIFICATION
(Income Tax)
S.R.O. 383 (I)/2012. - 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-I,-
(i) in clause 61, after sub-clause (xliii), the following new sub-clause shall be added, namely:-
"(xliv) Any amount donated to Federal Board of Revenue Foundation.";and
(ii) in clause 66, after sub-clause (xxvii) the following new sub-clause shall be added, namely:-
"(xxviii) Federal Board of Revenue Foundation,".
(b) In Part IV, after clause (61), the following new clause shall be inserted, namely:-
"(61A) The provisions of section 231A shall not apply in respect of any cash withdrawal by exchange companies duly licensed and authorized by the State Bank of Pakistan on their bank account exclusively dedicated for their authorized business related transaction:
Provided that,-
(a) exemption under this clause shall be available to exchange companies who are issued exemption certificate by the concerned Commissioner Inland Revenue for a financial year; and
(b) the Commissioner shall issue the exemption certificate after obtaining relevant details and particulars of the Bank Accounts.".
[C.N. 1(26)WHT/2006]
(Shahid Hussain Asad)
Additional Secretary/
Member (Inland Revenue)
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