Return for traders for tax year 2024 and onwards who have not filed return for tax year 2023

Government of Pakistan Revenue Division Federal Board of Revenue Islamabad, the 28ft August, 2024 NOTIFICATION S.R.O. 1321(I) 12024, -The following draft of certain further amendments in the Income Tax Rules, 2002, which the Federal Board of Revenue proposes to make in exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax personsOrdinance, 2001 (XLX of 2001), is hereby published for information of all likely to be affected thereby and, as required under sub-section (3) of the said section 23'1, notice is hereby given that objections or suggestions thereon, if any, may be sent for the consideration of the Federal Board of Revenue within seven days ofpublication ofthe draft in the official Gazelle. Any objection or suggestion which may be received in respect ofthe said draft, before the expiry of the aforesaid period, shall be considered by the Federal Board ofRevenue. DRAFTAMEN'DMENT In the aforesaid Rules, in the Second Schedule, aftet Part-ll-ZA' the following new Part- II-ZB shall be added, namely: - "Part-ll-ZB Electronic retum form for taxyear 2024 and onwards for traders who were non-filers for tax year 2023 Page I Description Description in Urdu (1) (2) (3) Business ,-,rry ,s)L cJS A Tumover,/Receipts B Total trading purchases (9rr+j'i & !)L- JS C Total other expenses et r l-!1 .g_j-rj;lS 131: D Net Profit / Taxable cJS A-(B+C) Income ;ul ! g!:. Income other than E business 9.rrl oj).e ;1S -S_,:ltl

EI lnterest income .rLs, -tu}-!.5+ ,;lS-e.r .-j5- - -gr-rS,,,.-,1:33E2 Rental income .tr^l r). .r-i:LJ .j+^J ,rr, J-t .-*! :l !S -S 45 Jl5... ,--rs,-;.t: 2 ^,.r,)) tJ , 'l-r ! -rtr;rts J9liL. .;e .-";t .09)re . '. < .1" uli 5 -.--r '.r 'rrl.uls .rl ! aLr: +* ili l: -*!-r L}# o+i E4 Any other income --11 J<Y .J"S+- 2 9r.1 ttl ..,,r$ "r+ Any agricultural or trE5 exempt income ;r"l ;X.- *-,rj .,.r-6 Bank Account No. for .J+n.r,!1.Sl .f+ -"+-t refund -.,t -S Pa II j j rb d,JJ-srj ;4t,itzat Tax paid during the year '\rj ,.js I JJt udlJ'+l .S *5 t.t Total Adjustable Tax J"\JJ gt-i" Jrl -t+ ;r.t *s ..:Li jtSt -t-s I C->L .rt ! c5 -rJ a Proflt on debt eih a- )-tJ Tax on Telephone i b intemet es+- -l ;Y *+* t-. c Tax on Electricity J"+ I :ll Tax collected from .r,;,r-i ,JjS J+ u"S:6 Distributors i Dealers / S U -- oF:;e "S-*,rrljjrrd Wholesalers u/s 236G Tax collected from 1 . .il e Retailers u/s 236H -t,.3 S -- jJ-J,rJJJ+ .J"t-s lrl ;,, J ,;l+J:J llu" Ls J riii. .,-9a Purchase / Transfer of 'J< Immovable Property u/s f 236K "#6 J-eiir_)p Sale i Transfer of )l Jij.icarj J:ls" !s Immovable Property u/s ll< l:l s"S=t LK ,r, 236C Advance tax paid under s.:;S r:r -iu- * the Tajir Dost Special 4t'*.:::--"J.>r Jirrj.lr' t5 J+r h Procedure. 2024 !r, , oiK Advance token tax on ,s-} s.5. ",.ir .\r I motor vehicle u/s 234

Advance tax on ct+-13 Jt rillj ! a*-rL"+-., J registration or transfer of iJ,,S"6 -ril1il i vehicles u/s 23 I B el+,jgt Assets rl:'!. l-- J3iir.J,rn I lmmovable j .^,! :lrLr" rr JjL. Movable properry including .r-.i5-rlS lt business tal ^'J--,;'- .rl:-u_ h.E lll Total Assets lv Liabilities -zS shlJ;,l .,jlr.E Total personal .,&;.lt*' JsJilsi ^-j )hrJs vl Net Assets current .! J Jl- 4\: -s Ju.j.FJ vll Net Assets previous year ll'ur. l-s' ,r.i Tax on taxable income ",(S " u,,S+ Jiiti Final Tax Tax u/s 7E u6it ls 7E Tax already d 96--,r- o:.i, l:! Payable tax or refund t-,, *1' trt jt \, I (2)R&S/2024-Pt]IF.No. ed Mashkoor Ali) Secretary (Income Tax Budget)