Amendments in rules 37(2), 38(2) and Second Schedule to the Income Tax Rules, 2002

Government of Pakistan Revenue Division Federal Board of Revenue **** Notification Islamabad, the 24th October, 2022. S.R.O. 1955(1)/2022.- In exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Board of Revenue is pleased to direct that the following further amendments shall be made in the Income Tax Rules, 2002, the same having been previously published vide Notification No. S.R.O. 1892(1)/2022, dated the 13th day of October, 2022 as required by sub-section (3) of section 237 of the said Ordinance, namely: - In the aforesaid Rules, - (1) in rule 37, in sub-rule (2), for the form, the following shall be substituted, namely: - " •• I Due 011& 31.o.c·2022 .. raxchNJ)lHlbie,pay;neut!i FlnoI/Fued/Mlnm,m"wor* 09sa\:I(r0n.. "Cooo "J TobliAmoIrll. Atnotf,tE~PI,~I~~Sub~toFj;(&d' IR dooedT ~~ t~._...__..<.loO"""",~~""l..!~",-,""_,, tRetav •• , . , J1J ',.<,t. lX ani. FiIlaI/FlXtdfM~/A\"'gt/R(!Itvall:"R~tno:xnoTo.x t20100 R.9:undAdiustmenl~OtherYeoc(s)agaIII5lOmlarld._, oftris.... VHf ,...-.,_. _"_ ... - .. _.. Mi8OOt1u Plid I.hOOr 1041 b 8u.kI9rs1)evaloptt'$

(2) III rule 38, III sub-rule (2), for the form, the following shall be substituted, namely: " FNiI F~ed I Mll'imuml A)'8('8;O'I I R<:Ie\,8nt'R~ed"" Gloss RO<:QICI~ of NOI"l-RO$b)nl li'Cttn 0INf1b' I cMtteIOf It'$ Ic,( fReftn1~tIiImenI-;ok;~\I·_ea.:;~dthisY~ ..-_ \\'IttIho~lrM;omtrax MiM'lOlllllcomelaX MlanceTgxP3I:1undef1"7101'~8kI(IM. lexonHighesrnlr'lgpel'SOl1:5 ~"C Adn'IGedlncomeia:.c OemMdo<! it'IComt Tax AlNantO Incant Tak u$ 147(58) ReAJrvjable Inccme TIb; 9210 (3) in the Second Schedule, (i) in Part-II-R, under the heading "114(1) Simplified Return of Income for Retailers Having Turnover Less Than RS. 10 Million", for the Form A, the following shall be substituted, namely: - " O,.I.etl.ngl,l.Q'L.:..=;::':" ---.J Jt De,_ ..I Ou~'~ss I~JR.ce,ptg i'Co"stOf'&~ ~fngStock PurehUS9$ Oth$f 0hc1 EJllp&I't$4rto r -- I CklSlnQ Stock Gros, Profit Prorlt & Loss. Elq)Onses El$Ct(lCllyS. Tex already Paid - talo-oll'lO' TelOPbOO9 (Telepnone. Ce1.\:)hona And P'f$p8id Tel6pttotte catd) _.J. 0..ees Tax on High earl'lltlO eerscos urs 4C lexon~odll\COmou/~_7~~~(Of51toOfFt.I~ _ •. ! .~~~ Net PtofitfTaxeble Income. 9100 TllxChargeabia .200 Netl~xpayli\ble 9203 Refuf1(!.nblo Income To 9210 ".,

(ii) in Part-II-S, under the heading "Return for Individuals/AOPs Having Turnover up to Rs. 50 Million", for the Form A, the following shall be substituted, namely: - " -_. .... ~"L_~ 1rltKII1"~TI'I.~~~~1 ~34 :............,..l'.xO'UU'U~.-.IO~~ ,....01_ ,-- T.."_J'IO)IC:_~W.II).l:' ~_HIOII_I'WIO~"""'''C .,... 00\H!Oh E.. ,...., P_ .. _ ..~..-. W'Iii 4C """"l1J"~OI~l)OOM.IO'io TM~doMtnottJ_~7602O'llio(Offi'__'1o.N) ,~-- L- ~~~~~~~~'~M~ ~ ~~~ ~ __~ __~~ __~~~~~ __~~ ~";and -~- (iii) in Part-II- V, under the heading "Computations", for the form, the following shall be substituted, namely: - " l,lCQm.' 4t.(lII.s1 fYOnl Oil ..... SoufCti .000 o.tl~ellO'u: A"-,w.IICO$ ".,'tllOlllt'IoC"""" , AgIIClyl' ..... 1I\QOm9 ''',,'''~an. .. ec TIOIC~IJodIIS AdJt)'I~TtIO)I QKuC\lbWl AlIOW.'1<»S .. 1C~b IOOOIflO 8100 I "")1>"n:.,....""11rl)Wd t4edu(lolll(lI MlrIllI"rl,,,,,,T__ """".IUO "nI ...CI 'OOOI)I. r..ao"I"'I"I'u~ II!(>fm.,I'lQ(Hl1fIT." "JO~I Panel I "'h!\i1.-n 1........0'-0-1 J;qlct_~ i Roch.IC.cI 11V;OftI....... T•• n.«Jueuon. 8)08 11;t"Cr.tQHf. Odl:.lttncal of ",,,,,,",,,.(,, TOll'c,...g •• t>tv VI. ;.t3GC (ZXPfO..Mq) T",c., .. 1'i'Vll "'0 1)Q''*''31 W. <Ie 1011101> 1~lQh e. ,,1I'\JI p.r •.,n" ""'dOt "poIc;II~ .octOI .. ut. ,",C lJ.COv1n91_ ilXc.ecJlnQ "OOMGlo.. I Taxan tMelll.-d u~ .. Ui.. 7C. 010'" (Of 5'" 01 FMV) I Rttlu,iod Adj.....IM.nt 01 Otller YuOI(.) .gllll~I;.' o."'_',\d of ,nfa, V.el Wktl'~"''''IOOmo'''.)t. • 920' .Mmilhtd. '" lneomo Te... o.rtlftl'd.d I~"'~ " 2. This Notification shall be applicable for tax year 2022. [F.No.l(17)R&S/2022] (Bilal Hassan) Secretary (Rules & SROs) •