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020828

GOVERNMENT OF PAKISTAN REVENUE DIVISION CENTRAL BOARD OF REVENUE
Islamabad, the August 28, 2002.
NOTIFICATION
(Income Tax)

S.R.O.586(I)/2002.- In exercise of the powers conferred by section 240 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government is pleased to direct that for deduction or collection of tax for the year beginning on the first day of July 2002, the said Ordinance shall have effect as if,-

(1) In the First Schedule,-
(A) in Part III, Division III,-
(i) in clause (I), in sub-clause (a) for the figure “1” the figure “1.5” was substituted; and
(ii) in clause (4), in sub-clause (c), in paragraph (ii) for the figure “6” the figure “5” was substituted.

(B) in Part IV, in Division III, in clause (2),-
(i) in sub-clause (a) after the figure “25”, the words “per seat per annum” were added;
(ii) in sub-clause (b) after the figure “60”, the words “per seat per annum”  were added; and
(iii) in sub-clause (c) after the figure “100”, the words “per seat per annum” were added.

[C.No.4(33)ITP/2002]

(VAKIL AHMED KHAN)
MEMBER (DIRECT TAXES)/ADDITIONAL SECRETARY


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