Islamabad the 18th June, 2001

NOTIFICATION

(Income Tax)

S.R.O.381(I)/2001.- 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 amendment shall be made in the Second Schedule to the said Ordinance, namely,-

In the aforesaid schedule, in Part IV, after clause (54A), the following new clause shall be inserted, namely,-

"(54B) The provisions of sub-section (5) of section 50 shall not apply in respect of such mobile telephone sets as are exempt from custom duty and are charged to sales tax in the manner prescribed in the Notification No.S.R.O.390(I)/2001 dated the 18th June, 2001."

[C.No.1(32)WHT/2000]

(VAKIL AHMAD KHAN)

Member(Income Tax)/Additional Secretary.