S.R.O. 596(I)/2006, dated Islamabad, the 5th of June, 2006

Amendments in Income Tax Rules, 2002 S.R.O. 596(I)/2006, dated Islamabad, the 5th of June, 2006:- The following draft of certain further amendments which the Central Board of Revenue proposes to make in the Income Tax Rules, 2002, in exercise of the to powers conferred by sub-section(1) of section 237 of the Income Tax Ordinance, 2001(XLIX of 2001), is hereby published, as required by sub-section(3) of the 5 said section, for the information of all persons likely to be affected thereby, and g notice is hereby given that the draft will be taken into consideration after seven 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, before the expiry of the aforesaid period, shall be considered by the Central Board of Revenue. Draft Amendments In the aforesaid Rules, in Chapter II, for Part I, the following shall be substituted, namely:- PART I: SALARY Valuation of perquisites, allowances and benefits.- For the purposes of computing the income chargeable to tax under the head salary, the value of all…