CentralBoard of Revenue is pleased to direct that the following further amendments shall be made in the Income Tax Rules, 2002..........

Government of Pakistan Revenue Division Central Board of Revenue . . * Islamabad, 27th October, 2007 N O T I F I C A T I O N (Income Tax) S. R. O. 1062 (I)/2007.- In exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001(XLIX of 2001), the Central Board of Revenue is pleased to direct that the following further amendments shall be made in the Income Tax Rules, 2002, the same having previously published as required by sub-section (3) of the said section, namely:- In the aforesaid Rules,- (1) rule 41 shall be omitted; (2) in Rule 42, in the heading, the words “other than salary” shall be omitted; (3) in the Second Schedule, in Part VII, for the list overleaf “Certificate of Collection or Deduction of Tax” the following shall be substituted namely:-

"LIST Section On account of Section On account of 148 Import of goods 153(1A) Payments to a resident person or a PE of a non-resident on account of services rendered or provided of stitching, dying, printing, embroidery, 149 Payment of Salary washing, sizing and weaving 150 Payment of dividend 154(1) Realization of proceeds of exports of goods 151(1)(a) Payment or credit of profit on debt to a 154(2) Realization of foreign indenting commission resident person on schemes of National 154(3) Realization of proceeds of sale of goods to an exporter under Savings an inland back-to-back letter of credit etc.151(1)(b) Payment or credit of profit on debt to a resident person on an account or deposit with 154(3A) Export of goods by an industrial undertaking located in an a banking company or a financial institution export processing zone 151(1)(c) Payment or credit of profit on debt to a 154(3B) Payment against sale of goods by an indirect exporter to a resident person on securities of Federal or direct exporter or an export house registered under DTRE Provencal Government or a local authority Rules, 2001 151(1)(d) Payment or credit of profit on debt to a 155 Payment of rent of immovable property resident person on any bond, certificate, 156 Payment of prize on a prize bond or winnings from a raffle, debenture, security or any other instrument by lottery, cross-word puzzle or quiz; and prize offered by a banking company, financial institution, companies for promotion of sale company incorporated under the Companies Ordinance,1984, a body corporate formed by or under any law in force in Pakistan or a finance society 152(1) Payment to a non-resident person on account 156A Payment of commission on petroleum products of petrol pump of royalty or fee for technical services operators 152(1A)(a) Payment to a non-resident on account of execution of 156B Withdrawal from pension fund a contract or sub-contract under a construction, assembly or installation project in Pakistan, including 231A Cash withdrawal from a bank account a contract for the supply of supervisory activities in relation to such project 231 B Tax collected on sale of motor car by a manufacturer or authorized dealer. 152(1A)(b) Payment to a non-resident on account of 233 Payment of brokerage or commission execution of any other contract for construction or services rendered relating thereto 152(1A)(c) Payments to a non-resident person on account 233A(1)(a) and On value of shares purchased/ sold by a member of a stock of execution of a contract for advertisement 233A(1)(b) exchange in lieu of its commission income services rendered by TV Satellite Channels 152(2) Payment to a non-resident person on any 233A(1)(c) On value of shared traded by a person (sold) through a other account including profit on debt but member of a stock exchange excluding those covered under section 153(3) 153(1)(a) Payments to a resident person or a PE of a 233A(1)(d) On financing of cfs (Badla) in shares business non-resident on account of sale of goods 153(1)(b) Payments to a resident person or a PE of a 234 Alongwith motor vehicle tax of motor vehicles non-resident on account of services rendered or provided 153(1)(c) Payments to a resident person or a PE of a 234 A Tax collected on the amount of gas bill of a CNG Station. non-resident on account of execution of a 235 Alongwith electricity consumption bills contract, other than contract for sale of goods or services rendered or provided 236 Telephone users including mobile phones & pre-paid cards." [ ( ) /2005] Usman Khalid Mirza Member (Direct Taxes)/ Additional Secretary