S.R.O. 420(I)/2024, Islamabad, the 21st March, 2024

DRAFT SPECIAL PROCEDURE FOR SMALL TRADERS AND SHOPKEEPERS (TAJIR DOST SCHEME) Government of Pakistan Revenue Division Federal Board of Revenue ***** Islamabad, the 21st March, 2024 NOTIFICATION (Income Tax) S.R.O. 420(I)/2024.- The following draft special procedure for small traders and shopkeepers which the Federal Board of Revenue proposes to prescribe under section 99B 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 section 237, notice is hereby given that objections or suggestions thereon may for consideration of the Board be given within seven days of the publication of the draft in the official Gazette. Objections or suggestions received from any person before the expiry of the said period shall be taken into consideration, namely:- “DRAFT SPECIAL PROCEDURE FOR SMALL TRADERS AND SHOPKEEPERS (TAJIR DOST SCHEME) In exercise of powers vested in the Federal Board of Revenue under section 99B of the Income Tax Ordinance, 2001 (hereinafter called the Ordinance), the following special procedure for small traders and shopkeepers to be called Tajir Dost Schema, 2024 (hereinafter called the scheme), is hereby prescribed. 1. Scope. - (1) This scheme shall apply to the traders and shopkeepers operating through a fixed place of business including a shop, store, warehouse, office or similar physical place (hereinafter referred to business premises) located within the territorial civil limits including cantonments in the cities as specified in the Schedule to this scheme for registration and payment of minimum advance tax. (2) Sub-paragraph (1) shall not apply to a person. - (i) being a company or; (ii) operating as a unit of national or international chain stores in more than one city or; (iii) a person or a class of persons specifically excluded by the Board. 2. Commencement. - The scheme shall come into force with effect from April 1, 2024 except Part-II, which shall come into force with effect from July 1, 2024. 3. Provisions of the Ordinance to apply. - Without prejudice to the provisions of this scheme, all provisions of the Ordinance shall…