Draft Amdments

Government of Pakistan Revenue Division Central Board of Revenue . . * Islamabad, 12th June, 2004. N o t i f i c a t i o n (Income Tax) S. R. O. 435(I)/2004.- The following draft amendments in the Income Tax Rules, 2002, proposed to be made in exercise of the powers conferred by section 237 of the Income Tax Ordinance, 2001 (XLIV of 2001), is hereby published for the information of all persons likely to be affected thereby, and notice is hereby given that the draft will be taken into consideration after fifteen days of its publication in the official Gazette. 2. Any objection or suggestion, which may be received from any person, in respect of the said draft amendments before the expiry of the aforesaid period, shall be considered by the Central Board of Revenue. Draft Amendments In the aforesaid Rules, -- (1) in rule 9, for sub-rule (2) the following shall be substituted, namely:- “(2) Where any allowance or perquisite is receivable in cash, the whole of such amount shall be included in the employee’s salary except house rent allowance receivable by the employee in cash up to 45% of the minimum of the time scale of his basic salary or the basic salary where there is no time scale subject to a maximum of two hundred seventy thousand rupees.”; (2) in rule 18, in clause (b), in sub-clause (ii), the proviso shall be omitted; (3) in rule 51, after sub-rule (6), the following new sub-rule shall be added, namely:- “(7) The Commissioner may, on sufficient cause being shown, extend the date for the delivery of any statement so, however, that no extension of time for a period or periods amounting in all to more than fifteen days from the date specified in sub-rules (1), (2), (3), (4) and (5) shall be allowed.”; (4) in rule 51A, in the marginal heading for the word “Quarterly” the word “Annual” shall be substituted. (5) after rule “51A”, amended as aforesaid, the following new rule shall be inserted, namely:- “51B. Quarterly statement under section 165 read with section 149 regarding salary.- A statement under section 165 read with section 149 thereof, shall be furnished by every person responsible for paying income chargeable under the head “Salary”, where the income so paid by him to any person exceeds the maximum taxable limit, to the Commissioner having jurisdiction to such recipients, in the following form and shall be verified in the manner indicated therein, namely:- QUARTERLY STATEMENT OF DEDUCTION OF TAX ON INCOME CHARGEABLE UNDER THE HEAD “SALARY” Name and address of employer _________________________ _________________________ National Tax Number of employer _________________________ Statement for the quarter ending ____________. S. No. | Name of the employee. | National Tax Number. | Appointment or nature of employment. | Total amount of salary, wages, annuities, pension, gratuity, fees, commission and allowances of all kinds, perquisites, utilities, etc. | Net amount on which tax has been dedu-cted . | Amount of tax deducted. | Date on which deposited to the credit of Government . | Challlan No. | Remarks. During the month. | Up to and including the month. (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) I, ______________________, being the person responsible for paying the salary shown in the above statement, do hereby declare that the above statement is complete and that the particulars given therein are, correct. Date: __________________ Signature: _____________________ Name of person responsible for paying the salary (if not the employer): __________________ Note:- 1. The total amount of salary, the net amount on which tax has been deducted and the amount of tax deducted from the beginning of the financial year or from such month after the 1st day of July as the employee entered the service of the employer should be shown. 2. In the case of an employee who has left the service of the employer progressive totals of the amount paid, etc., and the tax deducted should be shown up to the last month of the each quarter. 3. The address of the former employer of a new employee and the address of the new employer of an outgoing employee shall be given in the remarks column of the above statement wherever practicable.”; (6) in rule 53, in sub-rule (1), --- (a) after brackets and letter “(c)”, the word, brackets and letter “or (d)” shall be inserted; (b) in form, in the heading, after the brackets and letter “(c)”, the word and letter “or (d)” shall be inserted. (7) in rule 118, for the words, brackets and letters “sub-rule (1) of rule 109” the word and figure “rule 102” shall be substituted; and (8) in rule 225, in clause “(e)”, after the word “Certified”, the word “Chartered” shall be inserted. [C. No. 4(4)IT-Jud/03] SAEED AHMAD ZAIDI Member (Legal & Coordination)/ Additional Secretary