Exemption from Applicability of Section 5A of the Income Tax Ordinance 2001 to Companies with Special Agreement with Government of Pakistan
SRO 234(I)/2018 is an Income Tax SRO dated 13 February 2018, listed by FBR as "Exemption from Applicability of Section 5A of the Income Tax Ordinance 2001 to Companies with Special Agreement with Government of Pakistan".
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, the13thFebruary, 2018.
NOTIFICATION
(Income Tax)
S.R.O. 234(I)/2018.- In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Board with the approval of Federal Minister-in-charge 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 IV, after clause (103), the following new clause shall be added, namely:-
"(104) the provisions of section 5A shall not apply to a company where a restriction has been imposed on distribution of dividend on account of an agreement with the Government of Pakistan.".
[F.No.4(81)IT-Budget/2017]
(Reema Masud)
Secretary (IR-Policy)
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