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S.R.O. 600(I)/91, dated
02-07-1991. In exercise of the powers conferred by clause (c) of
sub-section (4) of section 50 of the Income Tax Ordinance, 1979 (XXXI of
1979), and in suppression of its Notification No. 707(I)/80, dated 26th
June, 1980, the Central Board of Revenue is pleased to specify the special
rate specified in the table below for deduction of advance tax under the
said sub-section in respect of the payments specified in the table.
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Table
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Payment
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Rate
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(i)
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Payments on account
of supply of raw hides and skins
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One per cent.
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(ii)
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Payments on account
of supply of cotton lint.
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One per cent.
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(iii)
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Payments on account
of supply of raw wool.
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Two per cent.
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(iv)
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Payments on account
of transportation of goods through goods transport vehicles.
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One per cent.
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(v)
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Payments on account
of supply of rice.
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One per cent.
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(vi)
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-----------------------
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------------
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(vii)
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Payments on account
of supply of motor vehicles to Government Department and Corporations.
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0.75 per cent.
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(viii)
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Payments on account
of supply of iron and steel items like M.S. bars, angle iron, tee iron
and girgers, received by suppliers of these items which are not
manufactured by them.
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1.25 per cent.
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(ix)
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Payments on account
of Modaraba transactions made by a Modaraba or an Investment Bank.
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One per cent.
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2. This notification shall have effect from the first
day of July, 1991.
{C. No. ITJI-1 (7)/84 Vol-II.}
{Note: In the Table, after entry (vi), a new entry (vii) was added
vide SRO 551(I)/92, dated 02-06-1992 and shall have effect for the
assessment year 1991-92 only. Netry (viii) was added vide SRO 895(I)/92,
dated 15-09-1992 and shall be deemed to have effect from the 9th
August, 1992, and shall remain valid till 30th June,
1993.}
{Note : In the Table, after entry at serial number (viii), a new
entry (ix) was added vide SRO 181(I)/93, dated 02-03-1993 and that entry
(ix) was substituted vide SRO 413(I)/94 dated 29-05-1994}
{Note : In the table, entry (vi) was omitted vide SRO 629(I)/94
dated 27-06-1994 and shall have effect from the first day of July, 1994.}
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