Federal Government is pleased to exempt penalty and default surcharge
SRO 647(I)/2011 is an Income Tax SRO dated 25 June 2011, listed by FBR as "Federal Government is pleased to exempt penalty and default surcharge".
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 ECONOMIC AFFAIRS
STATISTICS AND REVENUE
(REVENUE DIVISION)
Islamabad, the 25th June, 2011
NOTIFICATION
(INCOME TAX)
S.R.O.647(I)/2011. - In exercise of the powers conferred by section 183 of the Income Tax Ordinance, 2001 (XLIV of 2001), the Federal Government is pleased to exempt penalty and default surcharge as provided under the said Ordinance in cases where,-
(i) the withholding agents have not deducted advance withholding tax as required under the Income Tax Ordinance, 2001 (XLIV of 2001); or
(ii) the withholding agents have deducted or withheld income tax but not deposited the tax deducted or withheld within due dates as prescribed under the Income Tax Ordinance. 2001 (XLIV of 2001)
and the withholding agents, specified in clauses (i) and (ii) above, deposit the due amount of tax in the Government treasury on or before 30th June, 2011.
Nothing in this notification shall entitle any person to claim or take refund of any amount of penalty or surcharge already paid by or recovered from him before the issuance of this Notification.
In a case where refund becomes due to any person in consequence of a decision or judgment of court at any stage after the issuance of this Notification, the tax deposited by that person under this Notification shall be refunded to him.
[C. No.4(21)ITP/2011]
(Shahid Hussain Asad)
Additional Secretary
Related Income Tax SROs on exemptions and concessions
- SRO 787(I)/201122 August 2011Specific exemption for Growers of Agricultural Produce, Oil Tanker’s expenses and steel melters.
- SRO 333(I)/20112 May 2011Reduced rate of withholding tax on Sales / Supplies procured by taxpayers covered under sales tax zero rated regime.
- SRO 317(I)/201119 April 2011Amendment in Second Schedule in Part-iv (Addition of Clause 78.)
- SRO 288(I)/20111 April 2011Withholding Tax on Sales Tax zero rated taxpayers (Fieve Categories)
- SRO 263(I)/201119 March 2011Amendment in Second Schedule of Income Tax Ordinance 2001 in Part-IV
- SRO 174(I)/20115 March 2011Amendment in Part-III Second schedule of ITO 2001, Turnover Tax for cases of Flour Mills the rate of Minimum Tax on the amount representing annual turnover under section 113 shall be reduce by eighty percent