S.R.O. 871(I)/98, Islamabad, the 5th August, 1998

SROS: S.R.O. 871(I)/98, Islamabad, the 5th August, 1998 AMENDMENTS SECOND SCHEDULE SAID ORDINANCE, IN ,-(A) IN PART-I, AFTER CLAUSE(78C), CLAUSES INSERTED, S.R.O. 871(I)/98, Islamabad, the 5th August, 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,- (a) in Part-I, after clause(78C), the following clauses shall be inserted, namely:- (78D) Any profit on Special U.S. Dollar Bonds issued under the Special U.S. Dollar Bonds Rules, 1998. (78E) Any profit or interest derived from Pak rupee account or certificates of deposit which have been created by conversion of a foreign currency account or deposit held on the 28th day of May, 1998, with a bank authorised under the Foreign Currency Accounts Scheme of State Bank of Pakistan: Provided that nothing contained in this clause shall apply to such Pak rupee account or certificates which are created out of foreign currency deposits which are not exempt under clause(78).; and (b) In Part IV,- (i) for clause(6D), the following shall be substituted, namely:- (6D) The provision of section 13 or section 65 or Chapters XI and XII shall not…