Exemptions other than Covered in Respective Chapters Chapter- 20
- Non application of provisions of section 100BA & Rule 1 of 10th Schedule [U/C 111AC]
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)
in respect of transactions on which tax is collectible under section 236C and 236K of the Ordinance.- Non application of provisions of section 114A & 181 [U/C 114A]
The provisions of clause (ae) of sub-section (1) of section 114 and section 181 shall not apply to a
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 a Non resident Pakistani Rupee Value Account (NRVA) with authorized banks in
Pakistan under the foreign exchange regulations issued by the State Bank of Pakistan: Provided that
this clause shall not apply if the person referred in this clause has Pakistan-source taxable income
other than the following; namely:—
(a) profit on debt on FCVA or Non-resident Pakistani Rupee Value Account (NRVA);
(b) profit on debt earned on Government of Pakistan (GOP) securities either conventional or
Shariah Compliant where investment has been made from proceeds of FCVA or NRVA;
(c) capital gain on disposal of immovable property acquired from proceeds of FCVA or NRVA;
(d) capital gain on disposal of securities traded on Pakistan Stock Exchange and units of mutual
funds that are acquired from proceeds of FCVA or NRVA; or
(e) dividend income from securities traded on Pakistan Stock Exchange and mutual funds that
are acquired from proceeds of FCVA or NRVA.- Non application of provisions of specified sections [U/c 116]
The provisions of section 151, 231A, 231AA and 236P shall not apply to The Prime Ministers COVID-
19 Pandemic Relief Fund-2020.- Non application of provisions of section 236P [U/c 117].
This clause has been omitted by Finance Act, 2021.The provisions of section 236P shall not apply at the time of transfer of any sum to The Prime
Ministers COVID-19 Pandemic Relief Fund2020:'.- Non application of all the withholding provisions of ITO, 2001 [U/c 118].
The provisions of withholding taxes contained in the Income Tax Ordinance, 2001 (XLIX of 2001)
shall not apply to Islamic Naya Pakistan Certificates Company Limited (INPCCL) as a recipient.- Non application of provision of section 153 [U/c 119].
The provisions of section 153(1)(a) shall with effect from the first day of July, 2020 not apply to
distributors, dealers, wholesalers and retailers of locally manufactured mobile phone devices as
withholding agent.- Non application of withholding taxes on specified persons on receipts [U/c 1 20 ].
The provisions of Divisions II and III of Part V of Chapter X and Chapter XII of the Ordinance for
deduction or collection of withholding tax shall not apply to the persons mentioned in Table 1 of
clause (66) of Part I of the second schedule as recipients of payment:Provided that such persons shall continue to perform functions as withholding and collecting
agent under the aforesaid provisions.