S.R.O. 1313(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, in Part II, in clause (2A), for the words "an amount equal to the tax payable by", the words "at the rate equal to the rate of tax applicable to" shall be substituted and shall be deemed always to have been so substituted.

[C. No. F.4(8)ITP/99]

( ASAD ARIF )                       

Member (Direct Taxes) / Additional Secretary,