S.R.O. 642(I)/2000, Islamabad, September, 14, 2000

SROS: S.R.O. 642(I)/2000, Islamabad, September, 14, 2000 GOVERNMENT OF PAKISTAN, REVENUE DIVISION, CENTRAL BOARD OF REVENUE Islamabad, September, 14, 2000 NOTIFICATION (Wealth Tax) S.R.O. 642(I)/2000:- In exercise of the powers conferred by section 46 of the Wealth Tax Act, 1963 (XV of 1963), the Central Board of Revenue is pleased to direct that following amendments shall be made in the Wealth Tax Rules, 1963, namely:- In the aforesaid Rules,_ (1) in rule 3,-- (i) for sub-rule (1) the following shall be substituted, namely:- "(1) The return of net wealth referred to in sub-section (1) and (2) of section 14 and 14B shall,- (a) in the case of a firm, association of persons, bodies of individuals, whether incorporated or not, and companies holding immovable property for the purposes of business of construction and sale or letting out of property, be in Form "˜B'; (b) in respect of assets referred to in section 14B, be in Form "˜AA'; and (c) in respect of net wealth comprising all assets, other than those referred to in section 14B, be in Form "˜A'; and (ii) sub rules (3), (4) and (5) shall be omitted; (2) for Form "˜A' the following shall be substituted, namely:- "FORM "˜A' [See rule 3(1)(c)] WEALTH TAX RETURN (Form of return of net wealth under section 14 of the Wealth Tax Act, 1963 (XV of 1963) other than that to be furnished by a firm, association of persons, bodies of individuals and companies holding immovable property for the purposes of business of construction and sale or letting out of property) ASSESSMENT YEAR_________________ VALUATION DATE__________________ PART-I Zone ------------- Circle ---------------- NTN ---------------- Name__________________________ father's /husband's name:_____________________ National Identity Card No. _________________________ Residential address: _________________________ Business address: _________________________ Phone Nos.______________________ Fax No.___________________ Nationality Pakistani Non-Pakistani Residential Status Resident Non-Resident Individual HUF AOP RF Company PART-II (NON-AGRICULTURAL ASSETS) A. ASSETS Code Cost of Asset Value for Wealth Tax Exemption Claimed Net Value (1) (2) (3) (4) (5) 1. IMMOVABLE…