Amendments Income Tax Rules, 1982, Published As Required By Sub-Section (4) Of Said Section

GOVERNMENT OF PAKISTAN CENTRAL BOARD OF REVENUE Islamabad august 24, 1998. NOTIFICATION Income Tax S.R.O. 932 (1)/98.-In exercise of the powers conferred by sub-section (1) of section 165 of the Income Tax Ordinance, 1979 (XXXI of 1979), the Central Board of Revenue is pleased to direct that the following further amendments shall be made in the income Tax Rules, 1982, the same having been published as required by sub-section (4) of the said section namely,- In the aforesaid Rules, for rule 201F the following shall be substituted, namely, - “201F, Statement under section 143 regarding tax collected along with telephone bills.- Every company shall furnish a statement under section 143 in respect of its telephone subscribers from whom tax has been collected under sub-section (7F) of section 50 along with the telephone bills or at the time of sale or issuance of prepaid phone cards, on or before the 10th day of each month and a consolidated statement for the whole year by the 30th July of the financial year next following, to the Deputy Commissioner of income Tax with whom such company is assessed., in the following form and verified in the manner indicated therein, namely:- Monthly or annual statement under section 143 regarding collection or the advance tax under section 50(7F) of the income tax ordinance, 1979, along with the telephone bolls, and prepaid phone cards for the month --------------of 199-------- or year ended on the -------------.

CERTIFICATE I, ----------------------- S/0 ----------------------- do hereby certify that the data and information contained in the enclosed disk, diskette, tape or cartridge is complete, correct and true to the best of my knowledge and belief. I, further certify that the return of income contained in the aforementioned media have been duly verified and affirmed to be true by the respective assessees. Signature ------------------- Name ------------------- (in block letters) Designation ------------------- Date ------------------- (2) Notwithstanding anything contained in these rules, any order required to be made or notice to be issued or assessment or computation made, or document required ot be prepared or issued under the Ordinance may be generated through the computer system and no such order, notice, assessment, computer document shall require the signature of the concerned officer whose name and designation is specified on the aforementioned documents.”; and “207C. Valuation of articles or goods donated.- For the purposes of articles or goods donated.- For the purposes of sub-section (1) of section 47 of the Ordinance, the value of any article or goods donated shall be determined on the following manner, namely:- (i) the value of articles or goods imported into Pakistan shall be the value determined for the purposes of levy of customs duty and the amount of such duty and sales tax, levies, fees, octroi and other duties, taxes or charges leviable thereon and paid by the donor;

(ii) the value of articles and goods manufactured in Pakistan shall be the price as recorded in the purchase vouchers and the taxes, levies and charges leviable thereon and paid by the donor: (iii) articles and goods which have been previously used in Pakistan and in respect of which depreciation has been allowed, the written down value. On the relevant date as determined by the income tax authority: the value of a motor vehicle shall be the value as determined in accordance with rule 207B; and (iv) the value of articles or goods other than those specified above, shall be the fair market value as determined by the concerned Deputy Commissioner of income Tax.” [C.NO. 4(2)IT.J/96] Muhammad Sarwar Khawaja Member (Direct Taxes)