S.R.O. 1041(I)/99.--

In exercise of the powers conferred by sub-section (2) of section 14 of the Income Tax Ordinance, 1979 (XXXI of 1979), 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,

(i)     in Part III, after clause (1) the following new clause shall be inserted namely :-

"Reduction in tax in such cases to which Universal Self Assessment Scheme apply.

(A1)  The amount of tax payable under paragraph AA of Part I of the First Schedule to this Ordinance by a person qualifying for assessment under the Universal Self Assessment Scheme made under sub-section (1) of section 59 of this Ordinance for the assessment year 1999-2000, shall be reduced by an amount of one thousand, two hundred and fifty rupees."; and

(ii)    in Part IV, after clause (59) the following new clause shall be added, namely :-

(60)  The provisions of sub-paragraphs (c) and (d) of paragraph B of Part III of the First Schedule to this Ordinance shall not apply to a person qualifying for assessment under the Universal Self Assessment Scheme made under sub-section (1) of section 59 of this Ordinance for the assessment year 1999-2000.

ASAD ARIF                        

Additional Secretary/Member (Direct taxes).