S.R.O. 140(I)/2020, Islamabad, the 2nd March, 2020.

Amendments in the Income Tax Rules, 2002 GOVERNMENT OF PAKISTAN REVENUE DIVISION FEDERAL BOARD OF REVENUE ***** Islamabad, the 2nd March, 2020. NOTIFICATION (Income Tax) S.R.O. 140(I)/2020.- In exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal 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 vide Notification No. S.R.O. 1226(I)/2018, dated the 5th October, 2018, as required by sub-section (3) of the said section, namely:- In the aforesaid Rules, in Chapter-XIX, after rule 231H, the following new rule shall be added, namely:- "231I. Values of minerals for the purpose of sub-section (4) of section 236V of the Income Tax Ordinance, 2001.- (1) The values of minerals specified in column (2) of the Table below for the purposes of sub-section (4) of section 236V of the Ordinance are specified in column (3) thereof, namely:- TABLE S.No Name of mineral Rate per metric tonne (in Rupees) (1) (2) (3) 1 Argilaceous clay 500 2 Asbestos 4875 3 Antimony 11700 4 Agglomerate 6500 5 Barite 6500 6 Basalt 9100 7 Bentonite 3900 8 Bauxite 4550 9 Bajri 780 10 Brine/salt 570 11 Barytes 875 12 Ball clay 875 13 Coal 5000 14 Clay 1625 15 China Clay 625 16 Calcite 1300 17 Celestite 1625 18 Conglomerate 1950 19 Chromite 18750 20 Chalk 2500 21 Dolomite 2250 22 Diorite 6500 23 Fluorite 10400 24 Fullers Earth 1300 25 Fire Clay 1300 26 Gypsum 1950 27 Granite 13000 28 Gabro stone 9750 29 Granodiorite 9750 30 Gravel…