S.R.O. 67(I)/95, dated 18th January, 1995

SROS: S.R.O. 67(I)/95, dated 18th January, 1995 S.R.O. 67(I)/95, dated 18th January, 1995:- In exercise of the powers conferred by sub-section(1) of section 165 of the Income Tax Ordinance, 1979(XXXI of 1979), the Central Board of Revenue is pleased to direct that the following further amendments shall be made in the Income Tax Rules, 1982, the same having been previously published as required by sub-section(4) of the said section, namely:- In the aforesaid rules, after rule 62A, the following new rules shall be inserted, namely:- 62B. Statement Regarding Collection of Advance Tax on Issue of Clearance of Financial Instruments,- Any bank or institution making deduction in accordance with the provisions of sub-section(2B) of section 50 shall, by the 10th day of each month, send to the Income Tax Authorities specified under rule 51a statement, in respect of advance tax collected during the month in the Form, namely:- FORM Statement in respect of Collection of Advance Tax under section 50(2B) of the Income Tax Ordinance, 1979 on issue or clearance of certain financial instruments during the month of 19______ _________________________________________________________________________________ Sr. No. Date Number of financial Total value Total amount Date and No. of instrument issued of the instrument of tax collected challan under which against each Head under sub-section tax is deposited such as Pay Order (2B) of section 50 inthe State Bank Telegraphic Transfer, of Pakistan or Demand Draft and Government Treasury Cheque _________________________________________________________________________________ Date- Name and Designation Bank Branch Address…