GOVERNMENT OF PAKISTAN

REVENUE DIVISION

CENTRAL BOARD OF REVENUE

***

                                                                                                                Islamabad, the 31st May, 2002.

                                                                             

NOTIFICATION

 

(INCOME TAX)

 

                        S.R.O. 297(I)/2002.-  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 in the Second Schedule to the said Ordinance the following further amendment shall be made and shall be deemed to have been so made on the 22nd July, 1998, namely:-

 

                        In the aforesaid Schedule, in Part IV, for clause (6HA), the following shall be substituted, namely:-

 

 

“(6HA)   The provisions of section 13 or Chapters XI and XII shall not apply in respect of any amount invested in the purchase of Special US Dollar Bonds, issued under the Special U.S. Dollar Bond Rules, 1998:

 

                                                Provided that the exemption under this clause shall not be available in respect of the amount invested in the said Bonds purchased out of incremental deposits made in the existing foreign currency accounts on or after 16th day of December 1999, or out of foreign currency accounts opened on or after the said date, or on payment of the amount referred to in sub-rule (3) of rule 5 of Special U.S. Dollar Bond Rules, 1998 after the said date.”.

 

[C. No. 4(32)TP-I/92.Pt.IV]

 

 

 

(VAKIL AHMAD KHAN)

MEMBER (DIRECT TAXES)/ADDITIONAL SECRETARY