Section 3 - Amendment of First Schedule - Taxation Laws (Amendment) Act, 1991

3. Amendment of First Schedule. In the First Schedule to the principal Act, (a) in Part II, under the heading Surcharge on income-tax and the entries relating thereto, as they existed immediately before their amendment by the Finance (Second Amendment) Ordinance, 1990 (Ord. 8 of 1990), the following proviso shall be inserted, namely: Provided that the income-tax deducted in accordance with the provisions of (i) sub-item (a) of item 1 of this Part shall be increased by a surcharge for purposes of the Union calculated at the rate of twelve per cent. of such income-tax on and from the date the Taxation Laws (Amendment) Act, 1991 receives the assent of the President; (ii) sub-item (a) of item 2 of this Part shall be increased by a surcharge calculated at the rate of fifteen per cent. of such income-tax with effect from the 15th day of October, 1990. ; (b) in Part III, (i) in Paragraph A, (1) in Sub-Paragraph I, under the heading Surcharge on income-tax , for the words eight per cent. , the words twelve per cent. shall be substituted; (2) in Sub-Paragraph II, under the heading Surcharge on income-tax , for the words eight per cent. , the words twelve per cent. shall be substituted; (ii) in Paragraph B, under the heading Surcharge on income-tax , for the words eight per cent. , the words twelve per cent. shall be substituted; (iii) in Paragraph C, (1) in Sub-Paragraph I, under the heading Surcharge on income-tax , for the words eight per cent. , the words twelve per cent. shall be substituted; (2) in Sub-Paragraph II, under the heading Surcharge on income-tax , for the words eight per cent. , the words twelve per cent. shall be substituted; (iv) in Paragraph D, under the heading Surcharge on income-tax for the words eight per cent. , the words twelve per cent. shall be substituted; (v) in Paragraph E, under the heading Surcharge on income-tax , for the words eight per cent. , the words fifteen per cent. shall be substituted and shall be deemed to have been substituted with effect from the 15th day of October, 1990.