Monthly statement of deduction of tax u/s 233A of the Income Tax Ordinance, 2001

Government of Pakistan Revenue Division Central Board of Revenue . . * Islamabad, the 24th November, 2004. N o t i f i c a t i o n (Income Tax) S.R.O. 936(I)/2004.- 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 been previously published as required by sub-section (3) of the said section. In the aforesaid Rules, -- (1) in rule 51, in sub-rule (3), - (a) after the words “to collect tax under section” the figures bracket, comma and words “ 232 (but not in respect of transfer of funds etc on or after first day of July, 2002) or” shall be deleted; (b) after the word “deduct” the words “or collect” shall be inserted; (c) for the figures and word “157 or 233” the figures, comma, word and letter “156A, 233 or 233A” shall be substituted; and (d) after the words “end of the period”, at the end, the words “and a monthly statement under rule 66A within seven days of the end of each month” shall be added; and (2) after rule, 66, the following new rule shall be inserted, namely:- “66A. Monthly statement of deduction of tax by registered stock exchange regarding purchase of shares, sale of shares, trading of shares and financing of carry over trade (Badla) in shares. - A statement under section 165 in respect of persons from whom tax has been deducted under sub-section (1) of section 233A shall, on or before the 15th day of every month, be furnished to the respective Commissioner of Income Tax in the following form and verified in the manner indicated therein, namely:- Monthly statement of deduction of tax u/s 233A of the Income Tax Ordinance, 2001, for the month ending on the ________, 200____. S. No. | Name of the member/broker. | Purchase of shares. | Sale of shares | Badla. | Date of payment into government treasury. Amount. | Tax collected. | Amount. | Tax collected. | Investment. | Amount of mark-up on COT. | Tax collected. (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) I certify that the above statement contains complete information of tax deductible under section 233A of the Income Tax Ordinance, 2001 (XLIX of 2001), during the month ending on the ______, 200___. Name of registered stock exchange:_______________________________ National tax number:___________________________________________ Address: ____________________________________________________ Name and designation of person responsible: _______________________ Signature __________________ Date ______________________ Seal .”. --------------------------------------------------------------------------------------------------- [C. No. 4(4)IT-Jud/03] Sd/- Salman Nabi Member (Direct Taxes)/ Additional Secretary