S.R.O. 931(I)/2003, Islamabad, September 25, 2003

SROS: S.R.O. 931(I)/2003, Islamabad, September 25, 2003 S.R.O 921/2003 DRAFT AMENEDMENT IN INCOME TAX RULES,2002 RELATING TO NON PROFIT ORGANIZATIONS S. R. O. 931(I)/2003, Islamabad, September 25, 2003:- The following draft amendments in the Income Tax Rules, 2002, proposed to be made in exercise of the powers conferred by section 237 of the Income Tax Ordinance, 2001(XLIV of 2001), is hereby published, for the information of all persons likely to be affected thereby, and notice is hereby given that the draft will be taken into consideration after fifteen days of its publication in the official Gazette. 2. Any objection or suggestion which may be received from any person, in respect of the said draft amendments before the expiry of the aforesaid period, shall be considered by the Central Board of Revenue. ______________________________ DRAFT AMENDMENTS In the aforesaid Rules, -- (1) In rule 211, sub-rule(2) after clause(g) full stop shall be substituted with a semi-colon and following provisos shall be inserted namely:- Provided that till the approval of two such agencies, the applicant organization shall have an option to get its performance appraised by CBR; Provided further that CBR or its officers, shall apply the same parameters on applicant organizations for the purpose of aforesaid evaluation as are approved by the CBR to be applied by the certification agency. (2) In rule 214, after sub-rule(2) full stop shall be substituted with a semi-colon and following proviso shall be inserted, namely:- Provided that notwithstanding anything contained herein, for the…