Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance.
SRO 567(I)/2008 is an Income Tax SRO dated 10 June 2008, listed by FBR as "Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance.".
FBR publishes pages of this SRO as scanned images, so 1 of its 2 pages were transcribed by Qanoon Digest from the page images, with tables set out as tables. Pages marked as typed text come from the PDF itself. Check the official PDF before relying on any wording or figure.
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Government of Pakistan
Federal Board of Revenue
(Revenue Division)
No.C.4(1)ITP/2008-Misc/90766-R
Islamabad, June 8, 2009
To : Mr. Nisar Muhammad,
Collector,
Model Collectorate of Customs, PaCCS,
Customs House,
Karachi.
Subject: INADMISSIBILITY OF BENEFIT OF ADVANCE INCOME TAX (IT) @ 2% UNDER INCOME TAX ORDINANCE, 2001, ON IMPORT OF RAW COTTON (52.01).
The undersigned is directed to refer to your letter No.MCC/Misc/26/Group.III/2008 dated 20th May, 2009, on the subject and to state that the goods classified under PCT Head 52.01 were included in clause (56) of Part IV of the Second Schedule to the Income Tax Ordinance, 2001, in the Finance Bill, 2008. However, National Assembly amended the same and the existing provisions of the Finance Act, 2008 are as under:-
"(56) The provisions of section 148, regarding withholding tax on imports shall not apply in respect of -
(i) goods classified under Pakistan Customs Tariff falling under Chapters 27, 86 and 99;"
As such SRO.567(I)/2008 dated 11th June, 2008 stands redundant. The matter has already been clarified to the Collectorate vide the Board's letter of even number dated 31st January, 2009 (Copy enclosed for ready reference).
Since the SRO.567(I)/2008 dated 11th June, 2008 is inconsistent with the provisions of the sub-section (10) of section 239 of the Income Tax Ordinance, 2001, therefore, is invalid.
Encl: As above.
(Ali Husnain)
Secretary (IT Policy)
Ph : 9205561
Copy for information to:
(i) All Collectors, Model Collectorates of Customs, PaCCS.
(ii) The Member (FATE), FBR (Hq), Islamabad that this letter may be placed on web for information of general public, Tax Department and Customs Authorities.
Related Income Tax SROs on exemptions and concessions
- SRO 865(I)200818 August 2008Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance.
- SRO 860(I)/200818 August 2008Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance.
- SRO 772(I)/200821 July 2008The Federal Government is pleased to direct that the following further amendments shall be made in the Second Schedule to the Income Tax Ordinance, 2001.
- SRO 767(I)/200820 July 2008Federal Government is pleased to direct that the following further amendments shall be made in the Second Schedule to the Income Tax Ordinance
- SRO 766(I)/200820 July 2008Federal Government is pleased to direct that the following further amendments shall be made in the Second Schedule to the Income Tax Ordinance
- SRO 405(I)/200826 April 2008The Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance.