Government of Pakistan

Revenue Division

Central Board of Revenue

 

Islamabad, July 12, 2003

 

N o t i f i c a t i o n

(Income Tax)

 

S. R. O. 707(I)/2003.- 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, namely:-

            In the aforesaid rules, --

In rule 34, for sub-rule (2), the following shall be substituted, namely:- 

“(2) A return of income as required to be furnished by a person under section 114 shall be in the form specified in Part-II (for individuals and association of persons) of the Second Schedule to these rules.

List of documents in the case of individuals/ AOPs including salaried persons having other income:-

 

(i)         Certificate of deduction of tax from income chargeable under the head “salary”.

(ii)         Statement u/s 115(4) (if applicable) – Statement of receipts/ incomes subject to final taxation;

(iii)        Wealth statement;

(iv)        Copies of

(a)     Manufacturing/ Trading Account and P&L Account;

(b)     Receipts and expenditure statement;

(c)     Charts of depreciation/ amortization as admissible under the Income Tax Ordinance, 2001;

(d)     Balance sheet;

(e)     Copies of personal account(s) of proprietor/ members;

(v)            Evidence of payment of

(a)     Tax deducted/ collected at source;

(b)     Advance tax paid u/s 147;

(c)     Tax paid with return u/s 137.

(d)     Zakat;

(e)     Expenditure on personal medical services;

(f)       Any other exclusions from income, if any; and

(g)     Donations/ investments in shares etc (for tax credits).

(vi)                Detail of prior year refund adjustment claimed, if any.

(vii)               Application in prescribed form for income tax credit on foreign source income.

(viii)             in case of a new taxpayer (without an NTN) NTN Registration Form.

(ix)               Any other document.”.

 

 

[C.No. 4(4)IT-Jud/03]

Vakil Ahmad Khan

Member (Direct Taxes)/

Additional Secretary