S.R.O. 590(I)/2004, Islamabad, July 7, 2004

SROS: S.R.O. 590(I)/2004, Islamabad, July 7, 2004 QUARTERLY STATEMENT UNDER SECTION 165 READ WITH SECTION 149 REGARDING SALARY(EMPLOYER) S.R.O. 590(I)/2004, Islamabad, July 7, 2004:- 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. In the aforesaid Rules, -- (1) in rule 9, for sub-rule(2) the following shall be substituted, namely:- (2) Where any allowance or perquisite is receivable in cash, the whole of such amount shall be included in the employees salary except house rent allowance receivable by the employee in cash up to 45% of the minimum of the time scale of his basic salary or the basic salary where there is no time scale subject to a maximum of two hundred seventy thousand rupees.; (2) in rule 18, in clause(b), in sub-clause(ii), the proviso shall be omitted; (3) in rule 51, after sub-rule(6), the following new sub-rule shall be added, namely:- (7) The Commissioner may, on sufficient cause being shown, extend the date for the delivery of any statement so, however, that no extension of time for a period or periods amounting in all to more than fifteen days from the date specified in sub-rules(1),(2),(3),(4) and(5) shall be allowed.; (4) in rule 51A, in the marginal heading for the word Quarterly the word Annual shall be substituted. (5) after rule 51A, amended as aforesaid, the following new rule shall be inserted, namely:- 51B. Quarterly statement under section 165 read with section 149 regarding salary.- A statement under section 165 read with section 149 thereof, shall be furnished by every person responsible for paying income chargeable under the head Salary, where the income so paid by him to any person exceeds the maximum taxable limit, to the Commissioner having jurisdiction to such recipients, in the following form and shall be verified in the manner indicated therein, namely:- QUARTERLY STATEMENT OF DEDUCTION OF TAX ON INCOME CHARGEABLE UNDER THE HEAD…