Income Tax Return Forms IT-1 & IT-2
SRO 887 (I)/2007Return forms
SRO 887 (I)/2007 is an Income Tax SRO dated 3 September 2007, listed by FBR as "Income Tax Return Forms IT-1 & IT-2".
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.
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Government of Pakistan
Revenue Division
Central Board of Revenue
Islamabad, the 3rd September, 2007
N O T I F I C A T I O N
(Income Tax)
S. R. O.887 (I)/2007.- 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 amendments shall be made in the Income Tax Rules, 2002, the same
having previously published as required by sub-section (3) of the said section,
namely:-
In the aforesaid Rules, in the Second Schedule,-
(a) in Part-I, in IT-1,-
(i) for the title “RTURN OF TOTAL INCOME UNDER THE
INCOME TAX ORDINANCE, 2001 (FOR COMPANY),” the
title “RETURN OF TOTAL INCOME/STATEMENT OF FINAL
TAXATION UNDER THE INCOME TAX ORDINANCE, 2001
(FOR COMPANY)” shall be substituted;
(ii) for S.No.29 and the entry relating thereto, the following shall
be substituted, namely:-
“29 Gross Profit /(Loss) excluding PTR GP”;
(iii) for S. No.81 and the entry relating thereto, the following shall
be substituted, namely:-
“81 Other Sources Income/(loss)” and
(iv) for S. No. 92 and the entry relating thereto, the following
shall be substituted, namely:-
“92 Other Sources Income/ (loss)”;
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(b) in Part-II, in IT-2,-
(i) for the title “RETURN OF TOTAL INCOME UNDER THE
INCOME TAX ORDINANCE, 2001 (FOR
INDIVIDUAL/AOP)”, THE TITLE “RETRUN OF TOTAL
INCOME/STATEMENT OF FINAL TAXATION UNDER THE
INCOME TAX ORDINACNE, 2001 (FOR INDIVIDUAL/AOP)”
shall be substituted;
(ii) for S.No. 15 and the entry relating thereto, the following shall
be substituted, namely:-
“15 Gross Profit/(loss) excluding PTR GP” ; and
(iii) for S. No.37 and the entry relating thereto, the following shall
be substituted, namely:-
“37 Other Source Income/(loss)” ; and
(c) In Part-VI,-
(i) for Annex-B, the following shall be substituted, namely:-
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(ii) in Annex-C, in the title, the oblique and word “/Statement”
shall be omitted.
3. This notification shall be applicable for the Tax Year 2007.
C.No.1(1)ITR/05
( Usman Khalid Mirza)
Member (Direct Taxes)/
Additional Secretary
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