Statement regarding transfer of property

GOVERNMENT OF PAKISTAN (REVENUE DIVISION) CENTRAL BOARD OF REVENUE *** Islamabad, the 28th June, 2006 NOTIFICATION (Income Tax) S.RO.669(I)/2006-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 amendment shall be made in the Income Tax Rules, 2002, the same having been previously published as required by sub-section (3) of the said section. In the aforesaid Rules, in the Second Schedule, after Part XI, the following shall be added namely: “Part-XII Statement regarding transfer of property 1) The following monthly statement shall be filed by every person responsible to register or attest the transfer or right to use of immovable property (other than agricultural land), located in urban area, if it is; a) measuring at least 500 sq. yards or one kanal, whichever is less; or b) a residential flat with covered area measuring 1500 sq. feet and above; or c) a commercial property of any size; Statement regarding transfer of properties- for the month of …………… 200.... S. No. | Name and address of the buyer | * National Tax Number of the buyer | Name of the seller | Address of the seller (1) | (2) | (3) | (4) | (5) * National Tax Number; of the seller | Full particulars and location of property | Value of the property as per deed of registration | Date of Registration (6) | (7) | (8) | (9) "I----------------------------hereby certify that the above statement contains complete information regarding attestation/registration of properties, located in urban area (other than agricultural land), measuring at least five hundred sq. yards or one kanal, residential flats with covered areas measuring 1500 sq. feet and above, and commercial properties for the month of ----------200------------. Name and Designation___________________ Address_______________________________ (Seal) | Signature______________________ Date__________________________ 2) For the purpose of this statement “urban area” means area falling within the limits of :- i) the Islamabad capital territory; ii) a cantonment board; or iii) a municipal body; iv) in case of Karachi up to 40 kilometers from the outer limit of municipal or cantonment limits; v) in case of Lahore and Faisalabad up to 30 kilometers from the outer limit of municipal or cantonment limits; vi) in other cases up to 10 kilometers from the outer limits of municipal bodies or cantonment boards; and vii) includes areas defined as such in the Urban Immoveable Property Tax Act 1958 (WP Act V of 1958) and such areas as the Central Board of Revenue may, for time to time, by notification in the Official Gazette specify. 3) The statement referred to in sub-rule (1) shall be furnished on or before 10th of each month regarding properties registered or attested during the preceding month, Part-XIII Statement regarding sale of motor vehicles 1) Every manufacturer, dealer of motor vehicle, registration authority, bank, or leasing company, shall furnish a statement regarding sale or lease of motor vehicles, on monthly basis to the Commissioner or any officer appointed on his behalf as under, namely; Statement for sale of motor vehicles For the month of -----20-- S.No | Name and Address of Purchaser/ Lessee | NTN/CNIC of Purchaser/ Lessee | Registration Number of the Motor Vehicle | Motor Vehicle Make/Model/ Engine Capacity | Year of Manufacture | Date of First Registration of the vehicle in Pakistan | Registered Capacity/ Laden Weight of the Vehicle | Exfactory Price of Motor Vehicle (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) "I----------------------------certify that the above statement contains complete information regarding sale or lease of motor vehicles during the month of-----20--. Name and Designation___________________ | Signature______________________ Address________________________________ (Seal) | Date________________________ 2) The statement referred to in sub-rule (1) shall be furnished on or before 10th of each month regarding sale or lease of motor vehicles during the preceding month." _______________________________________________________________________ [C.No.4(6)ITR/06 (Salman Nabi) Member (Direct Taxes)/ Additional Secretary