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MESSRS PROSPERITY WEAVING MILLS LTD. THROUGH DIRECTOR versus FEDERATION OF PAKISTAN THROUGH SECRETARY, FINANCE DIVISION, ISLAMABAD


Second Schedule, Part I, CL 77C [as amended by section R1135 (I) / 91, dated 7 11 1991 and section R1010 (I) / 99, dated 39 1999], C1 77 C ( a) [As Section RO 1343 (I) / 99, dated 16 12 1999] and C 788E Income Tax Ordinance (XLIX of 2001), Sections 151, 159 and 239 (14) [e.g. That the Finance Act (I of 2003 has been amended) and the second Schedule to Part I, C1 (83) Section RO No 100 (I) / 93, dated 2 July 1993 on such schemes on 1st July, 2001 or Income tax deduction / interest from such profit on the profits / interest imposed on national savings schemes made before such profit Income tax exemption will be exempted under the Tax Ordinance, 1979 and Income Tax Ordinance 2001, in the case of Maha Amandi Aadhaar Account of the exemption where the monthly installment does not exceed Rs. 1000 / - such profit / interest payer. The individual is not obliged to deduct tax deductions at source, nor will his recipient have to submit an exemption certificate under section 159 of the Income Tax. Ordinance, 2001 Principles \ r \ n \ r \ n

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