S.R.O. 765(I)/2014, Islamabad, the 26th August, 2014

Amendments in the Income Tax Rules, 2002 S.R.O. 765(I)/2014, Islamabad, the 26th August. 2014:- 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. 699(I)/2014, dated the 24'h July, 2014, as required by sub-section (3) of the said section, namely:- In the aforesaid Rules, for rule 81B, the following shall be substituted, namely:- "81B Active Taxpayers List:- (1) This rule shall apply for the purposes of clauses (23A) and (35C) of section 2 and section 181A. (2) The Board shall publish Active Taxpayers List. hereinafter referred to as ATL, comprising persons who meet the criteria as laid down under sub-rule (4) and shall be made available on the Board's web portal, by first day of March in each financial year: Provided that for financial year 2014-15, Active Taxpayers List shall be published and made available on the Board's web portal, by first day of July. 2014. (3) ATL published in any financial year shall be valid for the period, beginning on the date of publish and ending on last day o f February, next following. (4) ATL shall he updated on fifteenth day of every month, hereinafter referred to as updation date. (5) A person's name shall be included in ATL, if the person has filed a return under section 114 or a statement under section 115 for the tax year for which the last date as specified in section 118 falls during immediately preceding twelve month. (6) In case a joint account is held in a bank by more than one person, the joint account holders as an entity shall be deemed to have met the criteria as laid down under sub-rule (5) if any of the persons in the joint account meets the criteria as laid down under the said sub-rule…