Exemptions other than Covered in Respective Chapters Chapter- 20
Aviation simulators imported by airline company recognized by
Aviation DivisionRespective headings- Halal meat production [U/C 93]
The provisions of sub-section (1) of section 154 shall not apply to taxpayers operating halal meat
production and qualifying for exemption under clause (126K) of Part-I of this Schedule for the period
specified in clause (126K).- The Second & Third Pakistan International Sukuk Company [U/C 95 & 96]
The provisions of sections 147, 151, 152, 236A and 236K shall not apply to the Second Pakistan
International Sukuk Company Limited, the Third Pakistan International Sukuk Company Limited and
The Pakistan Global Sukuk Programme Company Limited, as a payer. [U/S 95]
The provisions of sections 151, 153, 155 and 236C shall not apply to the Second Pakistan
International Sukuk Company Limited, the Third Pakistan International Sukuk Company Limited and
the Pakistan Global Sukuk Programme Company Limited, as a recipient"; and the Pakistan Global
Sukuk Programme Company Limited, as a recipient. [U/S 96]- The Pakistan & Third Pakistan International Sukuk Company [U/C 97]
The provision of section 236C shall not apply to Pakistan International Sukuk Company Limited and
the Third Pakistan International Sukuk Company.- Branchless banking agent account [U/C 101]
This clause has been omitted by Finance Act, 2021.
The provisions of section 231A shall not apply in respect of cash withdrawal made from a “Branchless
Banking (BB) Agent Account” utilized to render branchless banking services to customers.- Non application of withholding taxes on banking transactions [U/C 101AA]
This clause has been omitted by Finance Act, 2021.
The provisions of sections 231A, 231AA and 236P shall not apply to a Pak Rupee Account in a tax
year to the extent of foreign remittances credited into such account during that tax year.- Prime minister’s youth business loan scheme exemption [U/C 102]
The provisions of section 231B(1A) shall not apply to light commercial vehicles leased under the
Prime Minister’s Youth Business Loan Scheme.- Non application of withholding tax on commission received [U/C 102A]
The provisions of section 233 shall not apply to commission received by a retail branchless banking
agent on any amount disbursed by the Ehsaas Emergency Cash Transfer Programme for the period
commencing on 16th April, 2020 and ending on 30th day of September, 2020.- Non application of sections 177 and 214C [U/C 105A]
The provisions of section 177 and 214C shall not apply to a person whose income tax affairs have
been audited in any of the preceding four tax years.
Provided that the Commissioner may select a person under section 177 for audit with approval of the
Board.- Non application of provisions of section 100BA & Rule 1 of 10th Schedule [U/C 111AB]
The provisions of section 100BA and rule 1 of the Tenth Schedule shall not apply to non-resident
individual holding Pakistan Origin Card (POC) or National ID Card for Overseas Pakistanis (NICOP)
or Computerized National ID Card (CNIC) maintaining a Foreign Currency Value Account (FCVA) or
Non-resident Pakistani Rupee Value Account (NRVA) with authorized banks in Pakistan under the
foreign exchange regulations issued by the State Bank of Pakistan.