GOVERNMENT OF PAKISTAN

CENTRAL BOARD OF REVENUE

Islamabad, the 25th July, 1998

NOTIFICATION
(INCOME TAX)

S.R.O 848(I)/98.- 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 sectio 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 assessee's employee's
bank account for re-imbursement of expenses incurred on behalf of such
assessee;
(c) freight charges or passenger fare to an airline or reilways or a goods carriage
comany; and
(d) discharge of a statutory obligation like payment of duties, taxes, octroi, export
tax, fines, fees, cesses or levies.

(35) Notwithstanding anything contained in clause (fff) of sectio 24, the provisions of the
said clause shall not apply to any salaries except salary exceeding Rs.5,000 per
month which is not paid through a crossed cheque or by direct transfer of found to
such employees' s account.

(36) The provisions of sub-section (7F) of sectio 50 shall not apply where the subscriber
is a non-taxable charitable institution.".

[C.No.24(1)ITP/98(FF) 1

(MUHAMMAD SARWAR KHAWAJA)

MEMBER(INCOME TAX)/ADDITIONAL SECRETARY