GOVERNMENT OF PAKISTAN REVENUE DIVISION FEDERAL BOARD OF REVENUE ******** Islamabad, the 6 th September, 2013 NOTIFICATION (Income Tax) S.R.O. 772(I)/2013.- The following draft of certain further amendment in the Income Tax Rules, 2002, which the Federal Board of Revenue proposes to make in exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), is hereby published for the information of all persons likely to be affected thereby, as required by sub-section (3) of the said section, and notice is hereby given that the draft will be taken into consideration by the Federal Board of Revenue after seven days of its publication in the official Gazette. 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 Federal Board of Revenue. DRAFT AMENDMENT In the aforesaid Rules, in the Second Schedule, after “Part-I C”, the following shall be inserted, namely:-
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GOVERNMENT OF PAKISTAN REVENUE DIVISION
FEDERAL BOARD OF REVENUE ********
Islamabad, the 6th September, 2013
NOTIFICATION (Income Tax)
S.R.O. 772(I)/2013.- The following draft of certain further amendment in
the Income Tax Rules, 2002, which the Federal Board of Revenue proposes to
make in exercise of the powers conferred by sub-section (1) of section 237 of the
Income Tax Ordinance, 2001 (XLIX of 2001), is hereby published for the information
of all persons likely to be affected thereby, as required by sub-section (3)
of the said section, and notice is hereby given that the draft will be
taken into consideration by the Federal Board of Revenue after seven days of its
publication in the official Gazette. 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 Federal Board of Revenue.
DRAFT AMENDMENT
In the aforesaid Rules, in the Second Schedule, after “Part-I C”, the following shall be inserted, namely:-
1
2
City
4 Code
5 NTN
6
92
7 93
8 94
9 95
10 96
11 97
12 98
13 99 Total Assets
14 100 Total Liabilities
15 101 Yes No
16 Annex H-1 102
17 Annex H-1 Rate
18 103 5%
19 104 1%
20 105 2%
21 Annex H-1 106
22 Annex H-1 107 5%
23 108 10%
24 109 4%
25 110 1%
26 111
27 112
28 113 6%
29 114 3.50%
30 Decrease/Increase in Work in Process Annex H-1 115 1.50%
Loss acquired from Subsidiary Company and Adjusted
Brought Forward Loss Adjusted/(Loss for the year Carry Forward)
Loss for the year surrendered to Holding Company
9217
Net Tax Payable [153 minus 154] 99991
9299
Ta
x C
om
pu
tati
on
A/C Number
Tax Collected/Deducted as Final Tax
9471
9499
3999 City
99993990
Other Sources Income/ (Loss) Annex G-1 5999
Un-adjusted tax u/s 113 to be carried forward
Balance tax chargeable on taxable income [142 minus 143 minus 144 plus 148]
Capital Gains 4999
9308
Business Income/(Loss)
Foreign Income/ (Loss) Annex F-1 6399
Branch Name & Code
Attach copy of Audited Accounts and notes thereto. Blank or
incomplete attachments will render the return invalidWorkers Welfare Fund (WWF) Paid During the Year
Deductible Allowances
Paym
en
t/ R
efu
nd
Tax Already paid including Adjustments and 140
Ban
k A
/C
Bank
WWF Payable
Copy of authority letter, in case return is transmitted by E-Intermediary.
De
ec
lara
tio
n
in my capacity as Principal Officer/Trustee /Representative (as defined in section 172 of the Income Tax Ordinance, 2001) of the Taxpayer named above, do solemnly declare that to the best of my
knowledge and belief the information given in this Return/Statement u/s 115(4) and the attached Annex(es), Statement(s), Document(s) or Detail(s) is/are correct and complete in accordance with
the provisions of the Income Tax Ordinance, 2001, Income Tax Rules, 2002 and the Companies Ordinance 1984.
Date :Signature
Charitable Donations Admissible for Straight Deduction
Taxable Income/ (Loss)
To
tal
/ T
ax
ab
le I
nc
om
e C
om
pu
tati
on
Att
ac
hm
en
ts
Re
qu
ire
d
NTN
Signature:
6.
7.
8.
9.
10.
11.
1.
12.
13.
14.
S. N
o.
3.
2.
To
tal
Inta
ng
ible
sP
art
icula
rs/D
escrip
tio
n
Inta
ng
ible
s
To
tal
Oth
ers
S. N
o.
1.
2.
3.
4.
An
y e
xp
en
dit
ure
pro
vid
ing
ad
va
nta
ge
or
be
ne
fit
for
a p
eri
od
ex
ce
ed
ing
on
e
5.
An
y p
lan
t o
r m
ac
hin
ery
th
at
ha
s b
ee
n
us
ed
pre
vio
us
ly in
Pa
kis
tan
8141
De
pre
cia
ble
As
se
tsP
art
icula
rs/D
escrip
tio
n
Bu
ild
ing
(a
ll t
yp
es
)
Fu
rnit
ure
in
clu
din
g f
itti
ng
s
Ma
ch
ine
ry a
nd
pla
nt
(no
t o
the
rwis
e
sp
ec
ifie
d)
Mo
tor
ve
hic
les
ply
ing
fo
r h
ire
Mo
tor
ve
hic
les
no
t p
lyin
g f
or
hir
e
Sh
ips
Co
mp
ute
r h
ard
wa
re in
clu
din
g p
rin
ter,
mo
nit
or
an
d a
llie
d ite
ms
Te
ch
nic
al o
r p
rofe
ss
ion
al b
oo
ks
810310
Ma
ch
ine
ry a
nd
eq
uip
me
nt
us
ed
in
ma
nu
fac
ture
of
IT p
rod
uc
ts
Pla
nt
& m
ach
inery
on
wh
ich
1st
year
all
ow
an
ce/a
ccele
rate
d d
ep
recia
tio
n
is a
llo
wed
Air
cra
fts
an
d a
ero
en
gin
es
Be
low
gro
un
d in
sta
lla
tio
ns
of
min
era
l
oil c
on
ce
rns
Off
sh
ore
pla
tfo
rms
an
d p
rod
uc
tio
n
ins
talla
tio
ns
of
min
era
l o
il c
on
ce
rns
Code
8105
8107
810308
810309
81044
810306
810307
Code
8102
810303
810301
81042
81041
81043
810304
810302
dd/m
m/y
yyy
Bro
ug
ht
forw
ard
Wri
tte
n D
ow
n V
alu
e
Am
ount
(Rs)
Acquired o
n
(Date
)U
sefu
l Life
Year(
s)
Additio
ns
Am
ount
(Rs)
Am
ount
(Rs)
Orig
inal C
ost
(Dele
tio
ns)
Am
ount
(Rs)
Tota
l
Am
ount
(Rs)
0%
50%
50%
50%
50%
90%
50%
0%
50%
0%
Rate
25%
0%
50%
50%
Am
ount
(Rs)
Annual
Initia
l/Is
t Y
ear
Allo
wance o
n
additio
ns,
if a
ny
Am
ount
(Rs)
Exte
nt
30%
30%
15%
30%
Rate
10%
15%
15%
15%
15%
15%
15%
10
0%
20%
15%
Am
ount
(Rs)
Busin
ess U
se
DaysA
ctu
al U
sage
Am
ount
(Rs)
Tota
l /
Annual
Am
ount
(Rs)
Am
ort
izatio
n
Depre
cia
tio
n Busin
ess U
se
Am
ount
(Rs)
Exte
nt
Rem
ark
s
Writte
n D
ow
n V
alu
e
ca
rrie
d fo
rwa
rd
Am
ount
(Rs)
Annex A-1Depreciation, Initial Allowance and Amortization
(Purchased Assets)
2013
A-1
Reg./Inc. No.
NTN Reg/Inc No.
Signature:
Total 262714
(c) Current year 3904
Current year - 1 Year 3904
7. Details / breakup of losses of subsidiaries brought forward and carried forward
(a) Current year - 2 Year 3904
(b)
Total 262613
(b) Current year 319287
(a) B/Forward 319287
6. Details / breakup of un-absorbed amortization brought forward and carried forward
Total 262513
(b) Current year 319288
(k)
5. Details / breakup of un-absorbed depreciation brought forward and carried forward
(a) B/Forward 319288
Total 262422
Current year - 2 Year 3900
Current year 3900
(j) Current year - 1 Year 3900
(i)
(h) Current year - 3 Year 3900
(g) Current year - 4 Year 3900
(f) Current year - 5 Year 3900
(e) Current year - 6 Year 3900
(d) Current year - 7 Year 3900
(c) Current year - 8 Year 3900
Current year - 9 Year 3900
4. Details / breakup of business losses brought forward and carried forward
(a) Current year - 10 Year 3900
(b)
Amount (Rs.) Amount (Rs.) Amount (Rs.)
Assessment
Year /
Tax Year
(starting from
earliest year)
Code
Amount (Rs.) Amount (Rs.)
Adjusted against
the income for the
current year
Lapsed(not available for carry
forward) /Attributtable to
PTR income
Balance carried
forward
Taxpayers own Of amalgamating
company
Balance brought forward
OR
For the current year
(g) Balance business loss after adjsutment carry forward [3(a)
minus 3(b) minus 3(c) minus 3(d) minus 3(e), if less than zero, else Nil]261318
(f) Balance business Income after adjsutment transferred to Return of Total Income [3(a)
minus 3(b) minus 3(c) minus 3(d) minus 3(e), if greater than zero, else Nil]261317
(d) Adjustment of depreciation including unabsorbed depreciation brought forward 261315
(e) Adjustment of amortization including unabsorbed amortization brought forward 261316
(c) Adjustment of losses of subsidiary 261314
Business income/(loss) for the year before depreciation and amotization
[from 2(a) above]
(b)
(a)
Adjustment of brought forward business losses 261313
(c) Amortization for the year including unabsorbed amortization brought forward 3987
3. Details of adjustments of brought forward business losses, losses of subsidiary, depreciation and
amortization including unabsorbed depreciation and amortizaton261311
261312
(b) Depreciation for the year including unabsorbed depreciation brought forward 3988
(a) Business income/(loss) for the year before depreciation/amortization 3900
2. Breakup of balance income/(loss) for the year after depreciation and amortization: 261211
261111
Business income/(Loss) for the year transferred to Return of Total Income for adjustement
against (loss)/income for the year under any other head of income
3901
(d) Balance business income/(loss) for the year after depreciation and amortization [Add
1(a) minus 1(b) minus 1(c)]
(c) Loss for the year surrendered in favour of a holding company
1.
(b)
(a) Business income/(loss) for the year after depreciation and amortization
2013Annex B-1
Carry forward and brought forward of Unabsorbed Depreciation,
Initial Allowance, Amortization and
Business Losses
(Other than Speculation Business)
261114
261112
B-1
Particulars Code Amount (Rs.)
Sub-Total [Add 37(a) to 37(c)]
Transfer to the Return of Income [Add 5 plus 10 plus 36 plus 37(d)]
CPR No.
Signature
16 Tax Collected by NCCPL u/s 100B 94042
14 Advance Tax on sale or Transfer of Immovable Property @ 0.5% u/s 236C 94040
15 Tax Paid u/s 153A @0.5% 94041
29
30
94180
26
33
94138
94149
94149
94139
Evidence of payment attached
Registration No.
27
Owner's Name
28
Engine / Seating Capacity Manufacturer Prticulars
Registration No. Engine / Seating Capacity
94059On commission paid to members of stock exchange
Evidence of payment attached
34
On sale by auction
Evidence of payment attachedWith motor vehicle tax (Other than goods transport vehicles)
Share%
31
24 On cash withdrawal from bank Evidence of payment attached
21 On payments for services
22 On payments for execution of contracts Evidence of payment attached
On Import of CBU motor vehicle by manufacturers
Bank BranchCertificate/Account No. etc.
On profit on debt Evidence of payment attached
Evidence of payment attached 940539
23 On property income
On payments for goods Evidence of payment attached20
On Government securities 18 Evidence of payment attached
Evidence of payment attached
19 On payments received by non-resident
94119
94049
94179
94039
94179
94179
94119
940629
94043
17
12
Second installment
Amount of Tax
deducted (Rs.)
9401911 On import of goods
94049
CPR No. Evidence of payment attached
7
13 On dividend Income
94018Evidence of payment attached
CPR No.
5. Sub-Total [Add 1 to 4] 9461
Evidence of payment attached 946144. Fourth installment CPR No.
Evidence of payment attached
2. Second installment 94612
Evidence of payment attached
Evidence of payment attached
3. Third installment
Advance Tax U/S 147(1) (Cash Payments)
First installment
94613
CPR No.
CPR No.
CPR No. 94611
Particulars Code Amount of Tax paid (Rs.)
Certificate/Account No. etc.
6 First installment
1.
C-1
2013Annex C-1Tax Already Paid Including Adjustments (Including Surcharge)
Reg/Inc No.
Evidence of payment attached
Advance Tax U/S 147(5B) (Cash Payments)
(Other than tax collected/deducted on receipts/value of goods subject to final taxation)
94049
94119
?????
94149
9412025
940619
Bank
On registration of new locally manufactured motor vehicle 94118Evidence of payment attached
94159
94119
94149
Branch Share%
Evidence of payment attached
Owner's Name
On trading of shares at a Stock Exchange
On financing of carry over trade
Evidence of payment attached
Consumer No. Subscriber's CNIC Subscriber's Name Share%
With bill for electricity consumption
94159
94159
94159
Evidence of payment attached 94169
Number Subscriber's CNIC Subscriber's Name Share%
With telephone bills, mobile phone and pre-paid cards
94169
35
36
94169
Sub-Total [Add 11 to 35] 94599
94169
Others
94121On purchase of domestic air travel ticket
Amount (Rs.) Amount (Rs.)
Adjustment of Prior Year(s) Refunds Determined by Department
37 Refund adjustments (To the extent adjustment is required against the current year's tax payable, if any)
Refund Assessed Previous Adjustments Available for Adjustment Current Adjustment
(a)
Amount (Rs.)Tax Year Amount (Rs.) Tax Year
94981
Total Tax Already Paid Including Adjustments
(c)
(b)
38
39 Evidence of payment attached
Workers Welfare Fund Already Paid
(d) Evidence of refund due attached
9495
94981
9498
9499
94981
940630
Evidence of payment attached
Evidence of payment attached8
10 Sub-Total [Add 6 to 9]
Third installment CPR No.
Share%
Evidence of payment attached
Evidence of payment attached
Tax Collected/Deducted at Source
94049
9 Fourth installment CPR No.
32
NTN
On certain transactions in bank Evidence of payment attached
Evidence of payment attached
Business Name
Business Name
Business Acitivity
Business Name
Business Acitivity
Business Name
Business Acitivity
Business Name
Business Acitivity
Business Name
Business Acitivity
Signature:
2013
Cost of Sales
Annex D-1 2013Breakup of Sales in case of Multiple Business D-1
Gross Profit/Loss
Reg./Inc. No. NTN
RTO/LTU
Taxpayer Name Tax Year
3
Note : Grey blank fields are for official use
BU
SIN
ES
S W
ISE
BR
EA
KU
P O
F S
AL
ES
Sr.
Business Name & Business Activity Sales
1
(1) (2) (3) (4) = (2) - (3)
4
2
5
Total [to be reconciled with Sr. 15 & 32 of the Main Return (IT-1)]
Business Name
1 18
2 19
3 20
4 21
5 22
6 23
7 24
8 25
9 26
10 27
11 28
12 29
13 30
14
15
16
17
Signature:
8621
Code
8699
Amount
8641
8661
8671
8701
8799
8899
Accumulated Profits
Surplus on Revaluation
Long Term Loans
8801
8999
8711
8821
8901
Total Capital & Liabilities
Other Liabilities
Short Term Loans
Liabilities
Deferred Liabilities
Capital
Paid-up Capital
Reserves
Trade & Other Payables
Advances/Deposits/Prepayments/Other Receivables
Motor Vehicles
Investments
Current Assets
Trade Receivables
Long Term Liabilities
Current Liabilities
Code
8199
8101
Intangible assets
Other Assets
Total Assets
Cash & Cash Equivalents
Stock in Trade/Stores/Spares
8241
812109
812103
8299
Fixed Assets
Office Equipment
Furniture & Fixtures
Land
Building
Plant & Machinery
Capital Work-in-Progress
8401
8111
812101
8181
8131
8402
8251
8201
8221
8231
8499
Assets Amount
Annex E-1Statement of Assets & Liabilities
2013E-1
Taxpayer Name
Reg./Inc. No. NTN
Tax Year
RTO/LTU
1. Foreign income/loss for the year
Name of country
(a)
(b)
(c)
(d)
2. Income for the year
3.
4. Balance income
[2 minus 3]
5. Foreign taxes paid on
above foreign income
6. Details / breakup of foreign losses brought forward and carried forward
(a) Foreign losses brought forward
Tax year
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(b)
(c) Losses lapsed
(d)
(e)
7. Application for foreign tax credit Attached
Documents and records maintained in support of foreign income declared
8.
9.
10.
11.
12.
Signature:
2013
6328
F-1
2013
63596349
6357763477
Yes No
63586348
Loss for the year
transferred from 1(d)
above
63386318
Foreign losses carried
forward [6(a)(vii)
minus 6(b) minus 6(c)
plus 6(d)]
63278
632963396319
6337863178
63576347
6357863478
Sub-total [Add
6(a)(i) to
6(a)(vi)]
6337763177
Adjusted against
income transferred to
3 above
6137
63277
63271
63276337
6357263472
63571634716337163171
63273
632726337263172
6357463474
63573634736337363173
63275
632746337463174
6357663476
6357563475
6337663176
6337563175
63846382
63276
6360
Transfer to return of income
63836381 6385
63577
* under the respective head adjusted against the income under that head for the year
6320 6340 6330 6350
B/F losses * transferred
from 6(b) below63177 63377 63277 63477
In case of income at 1(d) above transfer to row 2 below; and
In case of loss at 1(d) above transfer the loss to "Details / breakup of foreign losses brought
forward and carry forward" at 6(d) below
6319 6339 6329 6349 6359
6329 6349 6359
6343 6353
Sub-total [Add
1(a) to 1(c)] 6319 6339
6313 6333 6323
6322 6342 6352
6341 6351
6312 6332
6311 6331 6321
Code
Property
Income
Amount (Rs.)
Code
Capital Gains
Amount (Rs.)
Code
Other sources
Amount (Rs.)
Taxpayer Name
Particulars
Code
Salary Income
Amount (Rs.)
Code
Business
Income
Amount (Rs.)
Tax Year
Business Name RTO/LTU
Reg./Inc. No. NTN
Annex F-1Foreign Income
* Deductions include
depreciation or initial allowance No
Documents and records maintained in support of income from other sources declared
Annex N-1 2013 Request of Taxpayers falling under PTR Regime for availing Normal Tax Regime (NTR) N - 1
NTN
2013
If 27 is 'Yes' then
If 27 is 'No'
32036
32037 -
B/F Tax Credit Allowable 32011 -
B/F Tax Credit 32012
B/F Tax Credit Admissible 32013 -
Admissible Tax Credit 32009 -
Tax Credit to be C/F 32010 -
Whether Investment made through equity (Yes/No) 32007
Tax Credit Allowable 32008 -
Total Tax (2 + 4) 32005 -
Amount Invested 32006
Taxable Income not subject to Final Taxation of the Industrial Undertaking eligible to tax credit u/s 65B 32003
Tax on above income (including Minimum Tax u/s 113) 32004
Taxable Income subject to Final Taxation of the Industrial Undertaking eligible to tax credit u/s 65B 32001
Final Tax on above Income 32002
8
9
10
11
12
13
Signature ___________________________ "
1
2
3
4
5
6
7
32041
-
35 Tax Credit u/s 65B, 65D & 65E to be transferred to Sr. 152 320100 -
32 Tax on above income (including Minimum Tax u/s 113) 32039
-
33 Tax credit allowable 32040
34 Total Tax Credit Admissible during the year
31 Taxable Income in respect of the Company 32038
29
30
Tax on above income (including Minimum Tax u/s 113)
Tax credit allowable
24 Admissible Tax Credit 32024 -
25 Equity in respect of new Plant & Machinery/Project 32032
22 Amount Invested 32022
23 Tax Credit Allowable 32023 -
32020
19
21 Total Tax (18 + 20) 32021 -
Taxable Income not subject to Final Taxation of the Industrial Undertaking eligible to tax credit u/s 65D
18 Final Tax on above Income 32018
32019
Ta
x C
red
it u
/s 6
5D
Ta
x C
red
it u
/s 6
5E
26
27
28
Total Equity of the Company (including equity in column 25)
17 Taxable Income subject to Final Taxation of the Industrial Undertaking eligible to tax credit u/s 65D
20 Tax on above income (including Minimum Tax u/s 113)
32034
32035
16 Total Tax Credit to be C/F 32016 -
32017
Whether Separate Accounts Maintained (Yes/No)
Taxable Income in respect of new Plant & Machinery/Project
Total Tax Credit Admissible during the year 32014 -
15 Tax Credit to be C/F 32015 -
32033
NTN Reg/Inc No
Ta
x C
red
it u
/s 6
5B
Sr. Descriptions Code Amount (Rs.)
14
Annex O-1 2013
Tax Credits u/s 65B, 65D & 65E O - 1
Taxpayer Name
2. This notification shall be applicable for the tax year 2013. . [F.No. 4(132) ITP/Rules/13] (SHAHID HUSSAIN ASAD) Member (Inland Revenue-Policy)/ Additional Secretary