SRO 949(I)/2024 is an Income Tax SRO dated 4 July 2024, listed by FBR as "Electronic Return Forms for Salaried Persons. AOPs Companies and Business Individuals etc. for Tax Year 2024".
The text below was extracted automatically from the text layer of the official PDF, and any machine-read text layer FBR added to a scan can contain misread characters. 94 of 113 pages are scanned images with no text layer; those pages are marked and have not been transcribed. Check the official PDF before relying on any wording or figure.
Page 1
Government of Pakistan
Revenue Division
Federal Board of Revenue
*****
Notification
(Income Tax)
Islamabad, the 4'" July, 2024.
S.R.0. 949012024.- In exercise of the powers conferred by sub-section (1)
of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), Federal Board
of Revenue is pleased to direct that the following fiu-ther amendments shall be made
in the Income Tax Rules, 2002, the same having been previously published vide
Notification No. S.R.O. 895(1)/2024, dated 21" June, 2024 as required by sub-
section (3) of section 237 of the said Ordinance, namely:-
In the aforesaid Rules, in the Second Schedule, after Part-11-Y, the following
new Part-11-Z shall be added, namely:-
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Year2024 1 WIRls.
CI 114(1) (Rslurn of l m e filed voluntarib fbr complate year)
Arnonization Depreciation Minimm Tax Option out of PTR Payment Company Director Attachment Amjbae
- -. - - -.
Scarch Amount CodeIDescript~on 9 m e -
Receipts / DeductionsI-
Code mtal Amaunt ~mwm~xernp ~ m ~ l n t ~ ~ e e t l o
Business > fmm Tax 1 Subjeci N m a l Tax
to Fixed I F i ~Tl a
Capital A#ets > -
Mher Souroes
Foreign Sources 1
Agdculture
Tari Chargeablel Payment: DcipuhpwW I >
Rent Received or Receivable
1110th of amount not adjustable against Rent
Forfeited Deposit under s ConVact for Sale uf Properly
Recowryof Unpaid IrrecoverableRent allowed as
deduction
Unpaid Uabllitien exceeding three Years
115th of Rent of Building for Repairs
Insurance Prernlurn
Local Rate /Tax / Charge l Cess
Ground Rent
Profit on Capital bonnwed for Investment in Property
Share in Rental Income Paid to HEFC I Banks
Rent Collection Expenditure
Legal Service Charges
Amount claimed as Irrecwetable Rent
Payment of Liabilitiestreated as Income
Other Deductions against Rent
Page 25
Code Total Amount h o u m Exempt m u m Subject to
fmm Tax 1 Sugect Normal Tax
m Flxed / Flnal Tax
3000
Net R m m u e (excluding SalesTax, Federal -se, Bmkerags, 3029
- * ~ ~ * F n e i @ ~
Glima R l u (.d-.SalesTax, F&raI sa) 3009 1
3030
Capital Assets ' o ~ e n u ~ ~ 3039 I
Other Sources
Net Purehaem (adudlng Sales Tax, Fedsral Exch) 3059~oreignSources / ' I
Agnwltufe 'Tax Chargeable I Payments Salaries I Wages 3071
3072
Power 3073 A]
Gas 3074
Stores 1 Spares 3076 A]
Repalr 1 Ma~ntenance 3077
Other Dlrect Expenses 3083
Accounting Amorbzat~on 3087
Accauntlng Depreclatton 3088
3099
a - 1 ~ ) 3loo 1
Page 26
-
DepreojstionI MiMmmTax I Optlo" out of PTR 16
B ..=.. . $ewh.AnwntitWeK!eswi!+ttton~ 1 Code WAmcmt hounthempt Anwuntsubyectia
hrmTaxlSu~ect I(mnalTax -- MarMar nngring IITradlngTrading
Itemsltems iaMlFinalTax I --
ather Rewnves
- Management.
ather- [ Selling & Administrative.- Management.-1 I :ial Expenses Fee for Technical / Professional Services @@ 1 7;
- Inadmissible /Admissible Accounting Gain on Sale of lntangibtes .&,f& 1
Deductions
Accounting Gain an Sale of Assets , 1 7; - Adjustments &@&$ Others
- Business Assets IEquity /
Liabilities Gain by builderldeveloper in excess of 10 times of tax
liabiilty under Rule 6 of Eleventh Schedule
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Raf$4lTexaaJcaS
Sakrias / W~~SIPOT~UIS'ME Ba-
TraveMg t ConuqancelVehiclasRwWng IMaWmance
M c f f y J W a t e r l G m
C o m m u n l ~ n
Repair t Maintenance
Smimq / Ptmng I PlmtmaW /Mfi~~SuppliPli
~ / ~ I ~ n
lnsuranpe
P-mel charge
M o n D e M ~ ~ l c h a ~ l k l a r k u p l I n t e r e s t )
Donam I Charily
8mkue3e I C o m m h h
Otherkdtrrad Efpenaes
Juermwble Debts #Rtem off
obsdetestncrcsI~/spares/FbsedAsastswritten
aft
Ammmtkg (bee) m a l e crf IntmgWea
~ t o m A p ~ ~ R y f r m d I P e nRnds i ~ n
l S u w n n W n Fwd
-wSS)~onepf-
GmountingAmwNzatBan
Amm7hg Depfecimtion
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Property
IMPORT PREVIOUS RETURN
Code Tml m u m AmDunthrmpt AmDlmtSubjectto
- Manufacturing ITradlng h ~ m ~ u l ~ u q e c t llormslTan
Items toAxedlAmlTan
- Other Revenues
- Management, AdmissibleIncomeI(Loss)Depreciationfrom BusinessIInitialbeforeAllowanceadjustmentIAmortizationof 3270 I
Admtnistrative, Selling & for cumnt 1previous years
Finanaal Expenses
Unadjusted (Loss) from Business for 2018 327018 I I I
Unadjusted [Loss) from Business for 2019 327019 1 I
Unadjusted (Loss) from Business for 2020 327020 I I I
- Business Assets I Equity I Unadjusted (Loss) from Business for 2021 327021 Liabilities 1 I
Unadjusted (Loss) from Buslnessfor 2022 327022 1 I I I
Omer sources >I
Foreign Sources I
Agriculture >
Tax Chargeable 1 Paymems
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Business
Code Total AmantCapital Assets:
Other Sources I-
Foreign lncorne
Foreign Property lncorne / (Loss)
- Agriculture Foreign Business Income / (Loss)
Tax Chargeable / Payments Foreign Capital Gains 1 (Loss)
>
Foreign Other Sources lncorne / (Loss)
Amortization Depreciation Minimum Tax Option out of PTA PaymeW Company Director Attribute
Property >
Search Amount Code!Descr~pt~on
Business >
I
Capital Assets > Description Code Total Amount
Other Sources >
Agriculture Income
Foreisn Sources Agricultural Income Tax Paid to Provnce(s)
Tax ChargeabIe / Payments
>
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IPORTPRMOUS RETURN
Workers Welfare Fund uls 60A
- Adjustable Tax
- Final I Fixed I Minimum I
Average I Relevant I Reduced
- Camputations
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Dat ption out of I
arch Amount Cade/Descriptian
intangible
Expenditure providing Long Term Advantage 1 330516 IBenefit
PreCommencement Expenditure 3306
Intangibles with unascertainable useful life 3307
Page 49
Depreciation
Depreciation
- Search Amount Code/Description IMPORT PREVIOUS RETURN
Depreciation
Building (all types)
Ramp for Disabled Persons I I I I I I I I I
Plant / Machinery (not 33030105 1 Otherwise specified) 1 I
Plant / Machinery eligible 330308 1 for Initial Allowance I I I I I I I I I
Computer Hardware / Allied 3 3 ~ 0 2 0 5
Items / Equipment used in L I I I I I I I I I
manufacture of IT products
Furniture (including fittings) , 3 3 ~ 0 3 0 5 1
Technical / Professional
Books
Offshore Installations of
mineral Oil concerns
Motor Vehicle (not plying
for hire)
Motor Vehicle (plying for
hire)
Ships
Aircrafts / Aero Engines
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Attribute Cornpsny Director I opuon out M PTR Payment 1 1-11 [ .
Option Out of PTR
Export Proceeds u/s 154(1) @1%
Foreign Indenting Cornmisson u/s 154A(l)(da) / 640701 51
Diviston IVA, Part 111, First Schedule
Sale Proceeds of goods to exporter u/s 154(3) 640701 52
Sale Proceeds of of goods by industrial 640701 53
undertaking u/s 154(3A)
Contract Payments to indirect exporter u/s 640701 54 1 54(3B) I I I
Export Proceeds u/s 154(3C)
Commission / Dscount on petroleum products b40g0151
U/S 156A @12%
Export of services u/s 154A @I%
Export of Services u/s 154A @ 0.25%
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ption out of PTR Company Director Attachment Attribu 1
Unclaimed Payments Claimed Payments Payment Summary
Not Available! Not Available! Not Available!
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I a Amortization Depreciation Minimum Tax ption orit of PTR Payneht AttachinM Atbibute
Directors IProprietor IMember 1 Partner
Add Directors I Proprietors I Members I Partners
Directors I Proprietors I Members I Partners
There are no directors/Proprietors/Members/Partners added at the moment.
Please add by using the form above.
Page 54
Data Amortization Depreciation Minimum Tax Option out of PTR Payment Company Director I Attachment 1 Attribute
Attachments
Manufacturing and Trading I
Profit and Loss Accounts
statements (9230) I
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iGOods Ttamqm-k RWc Vehde Ta* 4 s 234
passenger -port FubUc *Tax uls 234
~ V e k f f l T a x l d S 2 3 4
Elecmc#y~bfC o m ~ / I n d ~ ~ l y s W
decmc#u BU o f h m e s t c Crmsumauls 235
releph- BaI US=(71(~1
allhate a uh W1M$1
Prepaid Telephone- uEs 236(1)@1)
unn u s 236(1)0
Imernelell 23Ml)(d)
Prepaid Lntsnet Card U s 236(1xe)
Fdef Transfer of bnmmable P-y uls 236C
T a x D e d u c t e d u E s 2 3 6 C ~ k m p s n p e r t y p ~ ~ W
M n Tax Year
Purchmse/ -T of knnmabh Property U s 236K
Tax on WtkhW1 of W- under @qmF e
Illc aof Prvtl Pr Sxwd Schedde
Persons mmm~ngamount ahroad m h c r e d n I deMts I
prepsu cards w s 23w
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.Tax on btlsllless hcwne of ~~Ws 7C (&am mx
i n b e r n s p%M u-&r Rule 13s)
--ansportM o ~ o pfort ~~Servants .(am
d e d w af drhrers dq)ule (23, Pert fl, ;fRd Wnxlule
EmphymMTermY.ral$anB e m h d s -6) EhargeebletoTax
~ A Y . ~ . W
No. of Epimdes offoreign p r w e d W dram serial or play
Ills 236eA (11
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x Chargeable 1 Payments Final i~ i ~ ie~inimumd i ~vivemgei~ e l e u a o t ~i e d v s e dTSX
)eduniMe Allowances
Dividend u/s150 @7.5%
-Tax Redunions
Dividend "1s 150 @l5%
-Tax credir
Wff on DeM W s 151 Wc SAB. Part ilSermdscbedule (ATL @lo%,
- MjustableTax M ~ - A T L @ ~ % )
Prize on Rire Bond Ws 156
Whningsfrcm C m s d P u d e u/s 156
-cmd&&
Wlnning fmn Raffle uls 156
- Compiaations
Wlnningfmm Lottery uI.156
Wsaith Statement
Winningsfm W z W s 156
oecuity Bill of Damestlo Consumeruls235
Capital Gains on Immovable P r m u/s 37(1A)
CaNtd Gains on Immovable R o w "1s 37(1A) where hdding period
does not exceed 1 year
Capital Gains on Immovable Pmperc/ "1s 37(1A) where hddng ptiod
exceed 1 year but does not exceed 2 years
Capital Gains an Immovable P r o w u/s 37(1A) where hddw priod
exceed 2 years hut does m exceed 3 years
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