Clause (7) added in part-III, 2nd schedule.
SRO 69(I)/2010 is an Income Tax SRO dated 3 February 2010, listed by FBR as "Clause (7) added in part-III, 2nd schedule.".
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 February 3, 2010.
NOTIFICATION
(Income Tax)
S. R.O. 69 (I)/2010. - 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 III, after clause (6), the following new clause shall be added, namely:-
"(7) Where any company engaged in the business of distribution of cigarettes manufactured in Pakistan is required to pay minimum tax on the amount representing its turnover under section 113, the amount of tax payable under the said section shall be reduced by eighty per cent.".
[C.No.4(124)ITP/2008]
(Asrar Raouf)
Member Policy (Direct Taxes)
Additional Secretary
Related Income Tax SROs on exemptions and concessions
- SRO 755(I)/20109 August 2010Amendment in Part-I of Second Schedule to the I.Tax Ordinance,2001
- SRO 123(I)/201026 February 2010Five years Corporate Income Tax holiday for projects for the purpose of Commercial Operations
- SRO 833(I)/200928 September 2009Exemption - ICC&I and Comsats
- SRO 810(I)/200918 September 2009Exemption from taxes to ECO Trade & Development Bank
- SRO 717(I)/200911 August 2009Amendment in Second Schedule Schedule, in Part IV, in clause (57)
- SRO 712(I)/20094 August 2009Amendments in Part-IV of second schedule to the I. Tax Ordinance, 2001.