| |
|
 |
| For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
|
020504
GOVERNMENT
OF PAKISTAN REVENUE DIVISION CENTRAL BOARD OF REVENUE
C.No.1(13)WHT/2000
Islamabad May 04, 2002
CIRCULAR NO. 06 OF 2002.
(INCOME TAX)
SUBJECT:
ALLOWANCE OF CREDIT FOR DEDUCTION/COLLECTION OF TAX AT SOURCE IN AZAD JAMMU & KASHMIR/PAKISTAN.
Azad Jammu and Kashmir Council
Secretariat and various tax payers of Pakistan and AJ&K have pointed out that the
assessees of AJ&K and Pakistan are not being allowed credit for the taxes
paid/deducted at source in Pakistan or AJ&K under various provisions of Income Tax
Ordinance, 1979. Moreover, issuance of exemption certificates by tax authorities of
Pakistan and AJ&K and acceptance thereof by both has also been agitated
2. These matters have been examined in the Board in consultation with the authorities of
AJ&K Council and taxpayers for settling the modalities to resolve the problem of
exemption certificate and allowing credit to the tax payers for ultimate adjustment of the
tax paid.
3. After considering the suggestions made for the purpose of resolving these problems
and to implement the decision taken in the inter-Ministerial meeting it has been decided
that henceforth;
i) Competent tax authorities of Pakistan and AJ&K will issue the exemption certificate
to their tax payers in suitable cases as per the provisions of law/rules, under various
provision of Income Tax Ordinance, 1979, and both authorities would accept these
certificate as such.
ii) Credit of taxes paid in Pakistan and AJ&K will be allowed by the respective
tax authorities on basis of original challans of payment and after necessary verification.
4 The above instructions are circulated to concerned tax authorities of Pakistan and Azad
Jammu & Kashmir Council for information and necessary action.
(Agha Muhammad Shah)
Secretary(WHT)
|
|
|
|
|
|
| Home | About Us | Contact | Information Resources |