GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE, ECONOMIC AFFAIRS,

STATISTICS AND REVENUE

REVENUE DIVISION

CETNRAL BOARD OF REVENUE

*********

Islamabad, December 18, 2000

N O T I F I C A T I O N

(INCOME TAX)

S.R.O. 894(I)/2000.--

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 :-

(a)    in Part - I, after clause (102F), the following new clause shall be inserted namely :-

"(102G) Profits and gains derived between the first day of July, 2000 and the thirtieth day of June, 2007, both days inclusive, by a joint venture capital company registered under Venture Capital Companies and Funds Management Rules, 2000."; and

(b)    in Part - IV, after clause (32D), the following new clause shall be inserted, namely :-

"(32E) The provisions of section 80-D shall not apply to a joint venture capital company which is exempt under clause (102G) of Part - I."

[C.No.4(15)DTP-I'94 Pt.1]

(MANSOOR AHMED) 

Additional Secretary / Member (Direct Taxes)