S.R.O. 848(I)/98, Islamabad, the 25th July, 1998

SROS: S.R.O. 848(I)/98, Islamabad, the 25th July, 1998 AMENDMENTS SECOND SCHEDULE SAID ORDINANCE, IN PART-IV NEW CLAUSES ADDED, S.R.O. 848(I)/98, Islamabad, the 25th July, 1998:- 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 amendments shall be made in the Second Schedule to the said Ordinance, namely:- In the aforesaid Schedule, in Part-IV following new clauses shall be added, namely:- (34) The provisions of clause(ff) of section 24 shall not apply in respect of payments made on account of - - - (a) transaction which do not exceed five thousand rupees; (b) any amount credited by direct transfer of founds to the assessees employees bank account for re-imbursement of expenses incurred on behalf of such assessee; (c)…