050107

 

GOVERNMENT OF PAKISTAN

REVENUE DIVISION

CENTRAL BOARD OF REVENUE

***

Islamabad, the 7thJanuary, 2005.

 

 

NOTIFICATION

(INCOME TAX)

                  S.R.O     36       (I)/2004.-  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 amendment shall be made in the Second Schedule to the Income Tax Ordinance, 2001, namely:-

 

                        In the aforesaid Schedule, in Part-II, for clause (13C) the following shall be substituted, namely:-

 

                           “(13C) In respect of manufacturers of cooking oil or vegetable ghee or both, the rate of income tax on purchase of locally produced edible oil shall be 1% of the purchase price”.

 

[C.No. 3(7)SS(WHT)/99 ]

 (Salman Nabi)

Additional Secretary/Member (Direct Taxes)