Addition of a new sub-rule (4) in rule 8 of the Seventh Schedule to the Income Tax Ordinance, 2001
SRO 213(I)/2023 is an Income Tax SRO dated 22 February 2023, listed by FBR as "Addition of a new sub-rule (4) in rule 8 of the Seventh 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
Ministry of Finance and Revenue
(Revenue Division)
Notification
(Income Tax)
Islamabad, the 22nd February, 2023.
S.R.O. 213 (I)/2023. - In exercise of the powers conferred by rule 10 of the Seventh Schedule to 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 Seventh Schedule, namely: -
In the aforesaid Schedule, in rule 8, after sub-rule (3), the following new sub-rule shall be added, namely: -
"(4) Profit on debt and capital gains from debt and debt instruments approved by the Federal Government shall be exempt from tax chargeable under this Ordinance, derived by any non-resident banking company approved by the Federal Government for the purpose of this sub-rule.".
[C. No.1(3)Rules&SROs/2023]
(Afaque Ahmed Qureshi)
Additional Secretary
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