Amendments in rules 37(2), 38(2) and Second Schedule to the Income Tax Rules, 2002

Government of Pakistan
Revenue Division
Federal Board of Revenue

Notification
(Income Tax)

Islamabad, the 13th October, 2022.

S.R.O.1892(I)/2022.- The following draft of certain further amendments in the Income Tax Rules, 2002, which the Federal Board of Revenue proposes to make in exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), is hereby published for information of all persons likely to be affected thereby and, as required by sub-section (3) of the said section 237, notice is hereby given that objections or suggestions thereon, if any, may for consideration of the Federal Board of Revenue be sent within seven days of publication of the draft in the official Gazette. Objections or suggestions which may be received from any person in respect of the said draft, before the expiry of the aforesaid period, shall be taken into consideration by the Federal Board of Revenue, namely: -

Draft Amendments

In the aforesaid Rules, -

(1) in rule 37, in sub-rule (2), for the form, the following shall be substituted, namely: -

"[Form image: screen of the return form "143(1) (Return of income filed voluntarily by non-resident ship owner / charterer)", Tax Year 2022, Due Date 31-Dec-2022, tab "Tax Chargeable / Payments". Its table has the columns Description, Code, Total Amount, Amount Exempt from Tax / Subject to Fixed / Final Tax, Amount Subject to Normal Tax, Action, with these rows:]

";

(2) in rule 38, in sub-rule (2), for the form, the following shall be substituted, namely: -

"[Form image: screen of the return form "144(1) (Return of income filed voluntarily by non-resident aircraft owner / charterer)", Tax Year 2022, tab "Tax Chargeable / Payments". Its table has the columns Description, Code, Total Amount, Amount Exempt from Tax / Subject to Fixed / Final Tax, Amount Subject to Normal Tax, Action, with these rows:]

";

(3) in the Second Schedule, -

(i) in Part-II-R, under the heading "114(1) Simplified Return of Income for Retailers Having Turnover Less Than RS. 10 Million", for the Form A, the following shall be substituted, namely: -

"[Form image: screen of the return form "114(1) (Simplified Return of Income For Retailers Having Turnover Less Than Rs 10 Million filed voluntar[ily])", Tax Year 2022, tab "Simplified Return of Income". Its table lists Description and Code rows from Business Turnover/Receipts to Refundable Income Tax. The codes in this screenshot are too small to read reliably. See the official PDF.]";

(ii) in Part-II-S, under the heading "Return for Individuals/AOPs Having Turnover up to Rs. 50 Million", for the Form A, the following shall be substituted, namely: -

"[Form image: screen of the return form for Individuals/ AOPs having turnover upto Rs 50 Million, Tax Year 2022. Its table lists Description and Code rows from Business Turnover/Receipts to Refundable Income Tax. The text in this screenshot is too small to read reliably. See the official PDF.]";and

(iii) in Part-II-V, under the heading "Computations", for the form, the following shall be substituted, namely: -

"[Form image: screen of the return form for a person deriving income only from salary and other sources, Tax Year 2022, tab "Computations". Its table lists Description and Code rows from Income from Salary to Refundable Income Tax. The text in this screenshot is too small to read reliably. See the official PDF.]".

2. This Notification shall be applicable for tax year 2022.

[F.No.1(17)R&S/2022]

(Bilal Hassan)
Secretary (Rules & SROs)