NOTIFICATION

(INCOME TAX)

S.R.O. 273(I)/2006.- In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001(XLIX of 2001), 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 (60), the following new clause shall be added, namely:-

“(61) The provisions of section 231A shall not apply in respect of any cash withdrawal, from a bank, made by an earthquake victim against compensation received from GOP including payments through Earthquake Reconstruction and Rehabilitation Authority (ERRA) account.”

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[C.No. 1(39)Ex/2005]

(Salman Nabi)

Member (Direct Taxes/Additional Secretary