Amendment in Second Schedule in Part-iv (Addition of Clause 78.)
SRO 317(I)/2011 is an Income Tax SRO dated 19 April 2011, listed by FBR as "Amendment in Second Schedule in Part-iv (Addition of Clause 78.)".
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 April 19 2011.
NOTIFICATION
(Income Tax)
S.R.O. 317 (I)/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-IV, after clause (77), the following shall be added, namely:-
"(78) With respect to a project situated in the Special Economic Zone at Thar coalfield,-
(i) the dividend income of the shareholders of such a project shall be exempt from provisions of section 150 from the date of commencement of business till 30 years from such date; and
(ii) the payments made on account of sale or supply of goods or providing or rendering of services during project construction and operations, shall be exempt from the provisions of section 153".
(KHAWAR KHURSHID BUTT)
MEMBER (INLAND REVENUE)/
ADDITIONAL SECRETARY
[C.NO.1(9)DTP-II/94-Pt.III]
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