The draft of further amendments in the Income Tax Rules, 2002, which the Federal Board of Revenue proposes to make.
SRO 719 (1)/2008 is an Income Tax SRO dated 4 July 2008, listed by FBR as "The draft of further amendments in the Income Tax Rules, 2002, which the Federal Board of Revenue proposes to make.".
The text below was extracted automatically from the text layer of the official PDF. Line breaks and table layout may differ from the original, and where FBR scanned the paper and added a machine-read text layer, that layer can contain misread characters. Check the official PDF before relying on any wording or figure.
Page 1
Government of Pakistan
Revenue Division
Federal Board of Revenue
Islamabad, the 05th July, 2008
N O T I F I C A T I O N
(Income Tax)
S. R. O. 719 (1)/2008.- The following draft of further amendments in the
Income Tax Rules, 2002, which the Federal Board of Revenue proposes to make in
exercise of the powers conferred by section 237 of the Income Tax Ordinance, 2001
(XLIX of 2001), is hereby published for the information of all persons likely to be
affected thereby, as required by sub-section(3) of the said section, and notice is
hereby given that the draft will be taken into consideration after seven days of its
publication in the official Gazette.
2. Any objection or suggestion which may be received from any person, in respect
of the following draft before the expiry of the aforesaid period, shall be considered
by the Federal Board of Revenue.
DRAFT AMENDMENTS
In the aforesaid Rules,-
(1) in rule 103, in sub -rule(1), after clause (a), the following new clause shall
be inserted, namely:-
“(aa) to transfer the balance or a part thereof to an approved
pension fund, established under Voluntary Pension System
Rules, 2005;” ;
(2) in rule 104, in sub-rule(1), after clause (a), the following new clause shall
be inserted, namely:-
“(a)(a) in the case of withdrawals permitted under clause(aa) of sub-
rule(1) of rule 103, the accumulated balance to the credit of
subscriber;” ;
(3) in rule 105, after sub-rule(5), the following new sub-rule shall be added,
namely:-
“(6) Subsequent withdrawals for the purposes specified in clause(aa)
of sub-rule(1) of rule 103 shall be permitted.” ; and
(4) in rule 106, after the word “clause” the brackets, letters and comma
”(aa),” shall be inserted.
[C.No.2(2)ITR/08]
(USMAN KHALID MIRZA)
Member (Direct Taxes)/
Additional Secretary
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