LPG (Gas) is exempt from withholding tax , what is the new code for exemption of goods?

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LPG (Gas) is exempt from withholding tax , what is the new code for exemption of goods?

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Mah Noor · Answer 1 · 2026-01-27T23:49:01+0000

Based on the Federal Budget 2024-25 and subsequent FBR notifications, while sales tax on LPG has been increased, certain exemptions regarding withholding tax (WHT) on goods under Section 148 of the Income Tax Ordinance 2001 continue or are updated.

The new exemption code for goods under Section 148 is typically identified in the IRIS system and FBR tax returns through the specific exemption clause of the Second Schedule of the Income Tax Ordinance, 2001.

LPG (Gas) is exempt from withholding tax , what is the new code for exemption of goods?

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