Exemptions other than Covered in Respective Chapters Chapter- 20
97 The Pakistan & Third Pakistan International Sukuk Company101
Provisions of section 231A shall not apply in respect of cash withdrawal made from a
“Branchless Banking”
101AA Non application of withholding taxes on banking transactions102 Provisions of section 231B(1A) shall not apply to light commercial vehicles^102A Non application of withholding tax on commission received^105A (^) Non application of sections 177 and 214C
111AB Non application of provisions of section 100BA & rule 1 of the 10th Schedule
111AC Non application of provisions of section 100BA & Rule 1 of 10th Schedule
114A Non application of provisions of section 114(1)(ae) and section 181
(^116) Non application of provisions of specified sections
(^117) Non application of provisions of section 236P
(^118) Non application of all the provisions of withholding taxes
(^119) Non application of provisions of section 153(1)(a)
120 Non application of withholding taxes on specified persons on receipts^
EXEMPTIONS & TAX CONCESSIONS (OTHER THAN SPECIFIED IN RESPECTIVE CHAPTERS)
UNDER VARIOUS SECTIONS OF INCOME TAX ORDINANCE, 2001
- Support payments under an agreement to live apart [U/S 48]
Any income received by a spouse as support payment under an agreement to live apart shall be
exempt from tax under this Ordinance.- Federal Government, Provincial Government, and Local Government income [U/S 49]
(1) The income of the Federal Government shall be exempt from tax under this Ordinance.
(2) The income of a Provincial Government or a Local Government in Pakistan shall be exempt
from tax under this Ordinance, other than income chargeable under the head - Income from
Business derived by a Provincial Government or Local Government from a business carried on
outside its jurisdictional area.
(3) Subject to sub-section (2), any payment received by the Federal Government, a Provincial
Government or a Local Government shall not be liable to any collection or deduction of
advance tax.
(4) Exemption under this section shall not be available in the case of corporation, company, a
regulatory authority, a development authority, other body or institution established by or under a
Federal law or a Provincial law or an existing law or a corporation, company, a regulatory
authority, a development authority or other body or institution set up, owned and controlled,
either directly or indirectly, by the Federal Government or a Provincial Government, regardless
of the ultimate destination of such income as laid down in Article 165A of the Constitution of the
Islamic Republic of Pakistan10;
Provided that the income from sale of spectrum licenses and renewal thereof by Pakistan
Telecommunication Authority on behalf of the Federal Government after the first day of March 2014
shall be treated as income of the Federal Government and not of the Pakistan Telecommunication
Authority.- Foreign-source income of short-term resident individuals [U/S 50]
(1) Subject to sub-section (2), the foreign-source income of an individual—
(a) who is a resident individual solely by reason of the individual‘s employment; and