S.R.O. 457(I)/2024, Islamabad, the 30th March, 2024

Government of Pakistan Revenue Division Federal Board of Revenue NOTIFICATION Islamabad, the 30 th March, 2024. S.R.O. 457(1)/2024. — In exercise of the powers conferred by section 99B of the Income Tax Ordinance, 2001 (XLIX of 2001), read with sub-section (l) of section 237 thereof the Federal Board of Revenue with the approval of the Ministerin-charge is pleased to prescribe special procedure för small traders and shopkeepers the same having been previously published vide Notification S.R.O. No. 420(1)/2024, dated the 21 st day of March, 2024, as required by sub-section (3) of section 237 of the said Ordinance, namely: "Part - 1 Preliminary 1. Title and commencement. — (l) This instrument shall be called the Tajir Dost (Special) Procedure, 2024. (2) It shall come into force on and from the 1 st day of April, 2024 except Part-Ill thereof which shall come into force on and from the I st day of July, 2024. 2. Scope. (l) This special procedure 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 hereto for registration and payment of minimum advance tax. (2) Sub-paragraph (l) shall not apply to a person: (a) being a company; or operating as a unit of national or international chain stores in more than one city; or a class of persons specifically excluded by the Board. 3. Provisions of the Ordinance to apply. - Without prejudice to the provisions of this special procedure, all provisions of the Ordinance shall apply to the persons specified under this special procedure in respect of computation of income for a tax year and tax payable thereon; collection and deduction of tax as provided in the Ordinance; computation and payment of advance tax liability under section 147 of the Ordinance; sections 4C and 7E of the Ordinance if liable to pay such tax; and chapters IX, X, XI, XII, XIII of the Ordinance and the schedules thereto, if not specified in clauses (a), (b), (c) and (d). Part-Il…