Income From Other Sources Chapter- 13
80 Income from private foreign currency accounts and COI.
This clause has been omitted by Finance Act, 2021.
90 Interest on approved foreign loans.
This clause has been omitted by Finance Act, 2021.
103C Dividend income derived by a company, if the recipient of the dividend, for the tax year
is eligible for group relief under section 59B.
This clause has been omitted by Finance Act, 2021.- Interest to non-residents for approved projects [U/C 7 2]
This clause has been omitted by Finance Act, 2021.- Interest on income of HUBCO ( 74 )
This clause has been omitted by Finance Act, 2021.- Interest income of foreign agencies [U/C 75 ]
This clause has been omitted by Finance Act, 2021.- Interest on foreign currency accounts [U/C 7 8]
Any profit on debt derived from foreign currency accounts held with authorised banks in Pakistan, or
certificate of investment issued by investment banks in accordance with Foreign Currency Accounts
Scheme introduced by the State Bank of Pakistan, by non-resident individuals, non-resident
association of persons and non-resident companies.- Interest on rupee account of non-resident Pakistanis [U/C 7 9]
Any profit on debt derived from a rupee account held with a scheduled bank in Pakistan by a
[non-resident individual holding a Pakistan Origin Card (POC) or National ID Card for Overseas
Pakistanis (NICOP) or Computerized National ID Card (CNIC)],, where the deposits in the said
account are made exclusively from foreign exchange remitted into the said account.- Income from private foreign currency accounts and COI [U/C 8 0]
This clause has been omitted by Finance Act, 2021.- Interest on approved foreign loans [U/C 9 0]
This clause has been omitted by Finance Act, 2021.- EXEMPTIONS UNDER SECOND SCHEDULE PART III TO INCOME TAX ORDINANCE, 2001
CLAUSE HEADING DETAIL
(6) Investment in
Saving
AccountsThe tax payable under clause (c) of sub-section (1) of section 39, in
respect of any amount paid as yield or profit on investment in
Bahbood Savings Certificate or Pensioners Benefit Account and
Shuhada Family Welfare Account shall not exceed 5 % of such profit.
(20) Profit on debt
on investment
in Federal
Government
securities –
withdrawn by
Finance Act,
2022The tax payable by a person other than a banking or insurance
company in respect of profit on debt from investment in Federal
Government securities shall be 15% of the gross amount of the profit
on debt:
Provided that tax so payable shall be final tax on the income
representing profit on debt from investment in Federal Government
securities. – withdrawn by Finance Act, 2022