Fifteenth Schedule: Fifteenth Schedule

1[The Fifteenth Schedule [See section 114C] Threshold for Economic Transactions For the purposes of section 114C of the Ordinance, the threshold of the economic transactions specified herein, to be applied in respect of ineligible persons shall be determined as follows S. No. Transaction Description Transaction Threshold reference value limitation specification for ineligibility (1) (2) (3) (4) (5) 1. 114C(1)(a) In relation to an application The invoice Exceeding for booking, purchase or value for locally seven registration of motor manufactured million vehicle. vehicle; or the rupees. import value as assessed by the Customs Authority inclusive of all applicable taxes, duties, levies and charge. 2. 114C(1)(b) In relation to an application Fair Market Exceeding for registering, recording or Value as defined one attesting transfer of any in clause (22AA) hundred immoveable property of section 2 of million the Ordinance rupees. 3. 114C(1)(c) In relation to the investment Acquisition cost Exceeding in securities, debt of securities or fifty million securities, units of mutual debt securities rupees”; funds or money market or unit of mutual instruments subject to the funds or money condition that the market investment amount up to instruments rupees fifty million shall be new investment in any financial year excluding reinvestment either by 1 Fifteenth Schedule inserted by the Finance Act, 2025. 802 Fifteenth Schedule__________________________________ liquidation of similar type of securities and or reinvestment of returns earned on already held securities 4. 114C(1)(d) Annual cash withdrawal - One limit hundred million rupees in all bank accounts held by an individual. **** 803

Effective date: 2001-09-13

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