Federal Government is pleased to direct that the following further amendments shall be made in the Second Schedule to the said Income Tax Ordinance, 2001
SRO 980(I)/2013 is an Income Tax SRO dated 18 November 2013, listed by FBR as "Federal Government is pleased to direct that the following further amendments shall be made in the Second Schedule to the said Income Tax Ordinance, 2001".
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
FEDRAL BORAD OF REVENUE
Islamabad, the 18th November, 2013.
NOTIFICATION
(Income Tax)
S.R.O.980 (I)/2013. - In exercise of 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 amendments shall be made in the Second Schedule to the said Ordinance, namely:-
In the aforesaid Schedule, -
- in Part II,-
a) in clause (14) for the words "oil tankers" the words "goods transport vehicles" shall be substituted ; and
b) for clause (14A) the following shall be substituted, namely:-
"(14A) In case of passenger transport vehicles, the rate of tax as specified in sub-clause (c) of clause (2) in Division III of Part IV of the First Schedule shall be reduced to 250 rupees per seat per annum." ; and
- In Part IV, after clause (43D),the following new clause shall be inserted, namely:-
"(43E) The provisions of clause (a) of sub section (1) of section 153 shall not apply in case of goods transport contractors, provided that such contractors pay tax at the rate of 2.5% on payments for rendering or providing of carriage services.".
[C.No.1(17)WHT/2008-Pt]
(Shahid Hussain Asad)
Additional Secretary /
Member (IR Policy)
Related Income Tax SROs on exemptions and concessions
- SRO 17(I)/201413 January 2014Amendment in Second Schedule of Income Tax Ordinance, 2001
- SRO 1065(I)/201320 December 2013Amendment in Second Schedule of Income Tax Ordinance, 2001
- SRO 1064(I)/201320 December 2013Amendment in Second Schedule of Income Tax Ordinance, 2001
- SRO 978(I)/201313 November 2013Amendments shall be made in the Second Schedule of Income Tax Ordinance
- SRO 900(I)/20134 October 2013Amendments in second schedule of Income Tax Ordinance 2001
- SRO 494(I)/201310 June 2013The Federal Government is pleased to exempt the whole amount of default surcharge, penalty and other surcharge payable by a person against whom…