S.R.O. 1152(I)/95, Islamabad, dated 6th November, 1995

SROS: S.R.O. 1152(I)/95, Islamabad, dated 6th November, 1995 S.R.O. 1152(I)/95, Islamabad, dated 6th November, 1995:- 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 I, after clause(178), the following new clause shall be added, namely:- (179) Profits and gains derived by a company from the export of computer software for a period of a block of seven years, during the first ten years of its operations, beginning from {he date of commencement of business: Provided that, such a company is exclusively engaged in the development and export of computer software and its related services and 100 per cent of its business is export…