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Full Version: SRO 586/91 Incometax
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Can anyone here tell me the current status of SRO 586/91.IS it still valid or any other SRO replace it ?
Yes it is in force. Reason therefor is that an amendment was made to SRO 586/1991 on 31.12.2010.

http//www.fbr.gov.pk/SROs/20111110140203122010sro1161.pdf

It means that it was valid till the end of year 2010, otherwise there was no point of amending it. However, SRO 586/91 should be read in conjunction with SROs amending it like SRO 626(I)/ 91, 826(I)/1991, 1100(I)/1991, 1248(I)/2008, 1122(I)/1991, 1161(I)/2010, .
Though SRO 586/91 was issued under repealed Ordinance, however, SROs issued under s.50 of the repealed Ordinance are saved by s.239(12) of the new Ordinance of 2001
Here is the latest update of income tax for 2014-2015: incometaxslabs.co.in
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