040903

Government of Pakistan

Revenue Division

Central Board of Revenue

. .

*

Islamabad, the 3^rd September, 2004.

 

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

(Income Tax)

 

S.R.O. 763(I)/2004.- The following draft amendments in the Income Tax Rules, 2002, proposed to be made in exercise of the powers conferred by section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), is published for the information of all persons likely to be affected and notice is given that the draft will be taken into consideration after fifteen days of its publication in the official Gazette.

 

2.         Any objection or suggestion, which may be received from any person, in respect of the said draft amendments before the expiry of the aforesaid period, shall be considered by the Central Board of Revenue.

 

Draft Amendments

 

            In the aforesaid Rules, --

 

(1)     in rule 51, in sub-rule (3), -

(a)     after the word “deduct” the words “or collect” shall be inserted;

 

(b)     for the figures and word “157 or 233” the figures, comma, word and letter “ 157, 233 or 233A” shall be substituted; and

 

(c)     after the words “end of the period”, at the end,  the words “and a monthly statement 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 65 in respect of persons from whom tax has been deducted under sub-section (1) of section 233A shall, on or before the 15^th 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 .”.

 

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

 

Salman Nabi

Member (Direct Taxes)/

Additional Secretary