S.R.O. 861(I)/2003, Islamabad, September 1, 2003

SROS: S.R.O. 861(I)/2003, Islamabad, September 1, 2003 AMENDMENTS SHALL BE MADE IN THE INCOME TAX RULES, 2002(NEW INCOME TAX RETURNS) S. R. O. 861(I)/2003, Islamabad, September 1, 2003:- In exercise of the powers conferred by sub-section(1) of section 237 of the Income Tax Ordinance, 2001(XLIX of 2001), the Central 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 as required by sub-section(3) of the said section, namely:- In the aforesaid rules, -- (1) In rule 34, for sub-rule(2), the following shall be substituted, namely:- (2) A return of income as required to be furnished by a person under section 114 shall be in the form specified in Part-I(for companies) and Part-II(for individuals and association of persons) of the Second Schedule to these rules.. (2) In rule 34, for sub-rule(4), the following shall be substituted, namely:- (4) A return of income shall be accompanied by such documents, statements, certificates and annexes as specified in Part VI of Second Schedule to these rules.. (3) In clause(a) of sub-rule(2) of rule 35, the figure IV shall be substituted by III. (4) In sub-rule(3) of rule 35, the words Part-II of the First Schedule shall be substituted by Part-III of the Second Schedule. (5) In clause(a) of sub-rule(2) of rule 36, the figure V shall be substituted by IV. (6) In sub-rule(1) of rule 39, the figure VI shall be substituted by V. (7) Rule 44, shall be substituted by the following, namely:- 44. Certificate of deduction from salary. -(1) The certificate of deduction of tax to be furnished under section 164 by a person paying income chargeable under the head salary shall be in the following form, namely:- Click Here to Download New Income Tax Returns/Statements - 2003 B. List of documents I. in the case of companies:- (i) Statement u/s 115(4)(if applicable) - Statement of receipts/ incomes subject to final taxation. (ii) Copies of (a) audited financial statements(income statement and balance sheet) in accordance with the provisions of the Companies Ordinance, 1984 or any other statute under which incorporated, registered, formed…