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 26^th 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.

Table   Payment Rate (i) Payments on account of supply of raw hides and skins One per cent. (ii) Payments on account of supply of cotton lint. One per cent. (iii) Payments on account of supply of raw wool. Two per cent. (iv) Payments on account of transportation of goods through goods transport vehicles. One per cent. (v) Payments on account of supply of rice. One per cent. (vi) ----------------------- ------------ (vii) Payments on account of supply of motor vehicles to Government Department and Corporations. 0.75 per cent. (viii) 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. 1.25 per cent. (ix) Payments on account of Modaraba transactions made by a Modaraba or an Investment Bank. One per cent.

 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 9^th August, 1992, and shall remain valid till 30^th 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.}