Irs

You had A in Intermediate Pre Medical! Why didn't you go for Medical Profession?
Q2. Which taxes are collected by town committess?

Q3. Your perception about FBR? Does only Honest people work in FBR?
Q4. What should be done if IRS inspectors committs corruption?
Q5. What are depreciable assets?
Q6. What are intangible assets?
Q7. What is amortization? How it is done?
Q8. What is Property Valuation dispute in headlines with respect to FMV? What is
FMV?
q9. What is black money? Why it is banned/illegal?
Q10. What is circular Debt?
Q10. Can advertising expense be amortized?
Q11. What is divisible pool of Income?
Which type of tax is paid by farmers?
How many taxes were imposed at the time of independence?
tried a lot to find the answer of this question but found no specific detail else
history of acts and ordinances.some one who knows to the point answer???
income tax sale tax and centeral excise duty
any city whose population exceeds one million is called metropolitian city
sales tax is individual tax or corporate tax? Collected by corporation on goods
but actual burden shifted to end users customers
Any tax credit to disabled persons and senior citizen ? Conditions
My interview with answers which i presented before FPSC penal, a brief
introduction regarding my Hifz e Quran and then asked first question from
chairman 1) what is withholding tax? I replied that sir that is deduction of tax at
source there are different sections dealing with this topic in case of employment
relationship employer deduct tax from salary of employees and rest of the
amount is to be paid to employee, sir in case of bank transactions bank deduct
tax and rest of the amount is to be paid to receiver, in case of dividend company
deduct the tax from gross amount and rest of the amount is to be paid to
shareholders, in case of non resident providing technical services tax would be
deducted from gross amount and rest of the amount is to be paid to non
resident. Meanwhile FBR representative said i think you have depth knowledge of
taxation in a way you answered this question. Chairman asked what is
philosophy behind withholding tax? Sir due to war and due to unavoidable
circumstances it could not possible for government to collect taxes so they

started deduction at source. Chairman referred to FBR representative 3) what are
functions of FBR i replied sir it formulate policies and impose and collect tax , it
also perform Quasi judicial function FBR representative interrupted and asked
can FBR impose taxes or only collect taxes? I replied in a humble way sir it
collect taxes only. Then another difficult question asked by FBR representative
whether Executive can make law or not? I replied according to constitution 77
article it is mentioned that only parliament can make law regarding taxation. Any
how he was not much satisfied. O.k. tell me what is res judicata? I replied sir
According to CPC section 11 once court decided a matter it is finally decided.
Now there are five conditions must be fulfilled. Court is competent and have
jurisdiction to entertain the case, 2)matter between same parties, on same cause
of action, under same title, court has decided on merit, now this case would not
be reopened in a competent court of jurisdiction. FBR REPRESENTATIVE asked
whether this rule would be applicable to tax matters? Yes sir this would be
applicable in tax matters as CPC is the mother, all civil laws, so this would be
applicable in tax matters as well. O.k. ap bta dn what is rule of Estoppel? Sir once
a person has given a statement that he can perform any act, and people are
relaying on that person, now this person cannot deny from previous statement,
for example a person before Eid announced that he is tailor master and people
have given their cloth by relying on the statement made by that person, now this
person cannot deny from his previous statement. FBR representative asked Hafiz
sb answer my last question appeal? Sir appeal may be filed to commissioner
appeal And if appeal is not filed within stipulated time to commissioner appeal
then appellant will write an application to commissioner appeal by mentioning
reasons why he was unable to file an appeal within stipulated time, and
commissioner appeal may admit appeal. Now he was satisfied AND he reffered
towards Ahmed bakhsh Lehri sb. He asked what is Ijma ul Ummah and Ijtihad? Sir
Huzoor Saw said that meri ummat gumrahi pe jma ni ho skti to ijma ul Ummat se
murad pori ummat ka kisi bat pe ikhte ho jana aur ijtihad k lye wo conditions hai
k Quran ka, sunnat, ka knowledge ho, ijma ka pta ho, aur Arabic janne wala ho to
wo mujthid ho skta Hai aur sir aj kul k zmane me mujtahid fil madhab kisi ak field
me ijtihad ho skta hai. O.K. WHAT is National economic council? Sir principle
function of NEC is to review overall economic activities of the country and to
formulate economic policies, while doing this balanced approach and regional
equity would be maintained ta k kisi k sath ziadti na ho. Chairman said best of
luck Hafiz sb i said Assalam o alaikum all said Walikusalam. And i came outside
from interview room.
Why FBR can't impose tax? And can't make laws?
FBR can make rules. Law made by legislature
pakistan tax to gdp ratio 2016? It was 10.5% during the budget as ishaq dar
himself told in the budget speech but final tax to GDP for the year 2015-16 was
10.1% I dont have proof for this.
CURRENT GDP VOLUME
I entered the room and sat on chair after taking permission from chairman.G to
ap Hafiz Quran hai kitne sal me hifz kya ? Kya apko translation aati hai i replied in
yes? Ap traveh kha perhate hain ? In Gujranwala o.k. 1. What is withholding tax?
2. What is purpose behind withholding tax? 3.what are functions of FBR? 4.kya
FBR tax sirf ikhta krta hai ya impose bi kr skta Hai? 5 If appeal is not filed within
30 days then what would be the procedure? 6. Application of res judicata 7
What is res judicata in CPC? 8.what is function of Legislature 9.can executive
made law 10.rule of Estoppel 11. Difference between ijma and ijtihad 12. What is
NEC
L.L.B stands for ? Literally legnum bacaluryus
What is withholding tax?I replied to chairman in a very polite way sir that is
deduction of tax at source there are different sections dealing with this topic in
case of employment relationship employer deduct the tax from salary of
employees and rest of the amount is to be paid to employee, in case of bank
transactions bank deduct tax and rest of the amount is to be paid to receiver, in
case of dividend paid by the company the company withhold the tax from gross
amount and rest of the amount is to be paid to shareholders, in case of non
resident providing technical services thn tax would be deducted from gross
amount and rest of the amount is to be paid to non resident. FBR representative
asked that Hafiz sb have you studied taxation in your academic degree in a
proper way i answered that sir during my degree i just go through important
questions but now I studied in detailed
what is cess? cess is a local or provincial tax levied on personal resources of a
local or provincial authority... for example Gas infrastructure Development
cess2015
Records required by FBR are to be maintained for a period of how many years?
FIVE OR SIX. Record would be maintained for 6years but if proceedings are
pending before any forum thn till the adjudication of those proceedings.
what is the difference between municipal taxes and cantonment taxes?
categories are same
the difference between exyernal survey and internal survey.
what is Res judicata in Civil procedure code?
application of res judicata ? No case can be decided again which is already
decieded according to civil procedure code. a matter that has been adjudicated
by a competent court and therefore may not be pursued further by the same
parties.
They asked about appeal? Sir appeal may be filed to commissioner appeal within
30 days.if appeal has not been filed within stipulated time thn appellant will write
an application to commissioner by mentioning reasons why he was unable to file
an appeal within stipulated time, commissioner may admit that appeal. What is
res judicata? I replied in a very polite way sir it is mentioned in section 11 of CPC
that once court decided a matter it is finally decided there are five conditions
must be fulfilled that 1) court is competent and have jurisdiction to entertain the
case 2)matter between same parties 3)on same cause of action 4) under same
title 5) court has decided the matter on marit now this matter would not be
reopened in competent court as court has already decided. Sir basically there are
two types of res judicata actual and constructive thn i elaborated both kinds with
example. Rule of Estoppel?, sir it is a principle that once a person has given a
statement ,by relying on the statement people have assigned them task now
that person cannot deny from previous statement.
how the tax liability is changed from closing stock? Proper question is how tax
liability will be reduced by reducing closing stock?
Ans: when closing stock is understated then it will certainly increase Cost of
Goods Sold and increased COGS will reduce income, reduced income will be
charged less amount of tax which is reduced one; this is how you will have
reduced tax liability by understated closing stock. I hope this is clear to you. So is
it tax evasion??yes
Withholding tax rate on cash with-drawls from banks: 0.3% or 0.4%?0.3% Filer
0.6% Non Filer(upto 31st july 0.4% tax exist on cash transaction) WITHHOLDING
TAX CARD 2016-2017: CASH WITHDRAWAL FROM BANKS
The Federal Board of Revenue (FBR) has updated withholding tax rates on cash
withdrawal from a bank by filers and non-filers of income tax returns during fiscal
year 2016-2017.
Section 231A of Income Tax Ordinance, 2001 related to cash withdrawal from a
bank.
(1) Every banking company shall deduct tax at 0.3% from filers and 0.6% from
non-filers of income tax return, if the payment for cash withdrawal, or the sum
total of the payments for cash withdrawal in a day, exceeds Rs.50,000.
Through Finance Act, 2016 this explanation has been added to this section. For
removal of doubt, it is clarified that the said fifty thousand rupees shall be
aggregate withdrawals from all the bank accounts in a single day.
Section 231AA of Income Tax Ordinance, 2001 related to advance tax on

transactions in bank.
Sub-section (1) every banking company, company, non-banking financial

institution, exchange company or any authorized dealer of foreign exchange
shall collect advance tax at the time of sale against cash of any instrument,
including Demand Draft, Pay Order, CDR, STDR, SDR, RTC, or any other
instrument of bearer nature or on receipt of cash on cancellation of any of these
instruments.
Sub-section (2) every banking company, non-banking financial institution,

Exchange Company or any authorized dealer of foreign exchange shall collect
advance tax at the time of transfer of any sum against cash through online
transfer, telegraphic transfer, mail transfer or any other mode of electronic
transfer.
Sub-section (3) the advance tax under this section shall be collected at the rate
0.3% from filers and 0.6% from non-filers of income tax returns, where the sum
total of payments for transactions mentioned in sub-section (1) or sub-section (2)
as the case may be, exceed Rs.25,000 in a day.
what is Tax on demand and Voluntary Tax ? Tax on demand mean damand
against any assessment order, any scheme issued by fbr for voluntry tax
payment. what is voluntary tax(Tax paid with return)
Tell me now there is 8th NFC award applicable in Pakistan or 7th has been
extended? 7 has extended.
How many methods can be adopted by individual to pay tax,he has a option to
adopt or not? accrual and on cash basis.
should the wealth tax be reintroduced in Pakistan? there ia no wealth tax in
pakistan ? According to my knowledge: It is a direct tax that is levied on the
market value of assets owned by a person.It increases savings because people
hesitate to buy assets due to this tax.
what is ECNEC ? Executive Committee of the National Economic Council
(ECNEC) (responsibility of implementation of the development projects ). it used
to generate 53 percent of tax revenue. it was abolished shaukat aziz.
I wish very best of luck for all candidates from Karachi.Please do consult these
sections and areas before appearing FPSC penal. These areas including, but not
limited to, job responsibilities of inspector inland revenue and how to perform
these duties, return of income, Record,assessment, wealth statement, fair
market value, tax evasion and tax avoidance, recovery procedure, withholding
tax, input and output tax, federal excise duty and provincial excise duty , federal
taxes, local taxes, NFC, standing committee, public accounts committee, circular
debt, balance of payment, trade deficit, import export volume, balance sheet,
invoices, and knowledge related to your current job and latest degree.
Professionals[Rule-30(3)]
Where the taxpayer is a medical practitioner, legal practitioner, accountant,
auditor, architect, engineer etc then he will have to maintain the following
record:
I-Patient slip/invoice/reciept for each transaction or reciept cintaining the
following information:
a) Serial no and date
b) Name of the taxpayer or bussines, adress, NTN and sales tax registration no, if
any
c) Details of the goods supplied or services rendered and the amount charged. It
is to be noted that confidential details are not required.
d) The name and adress of the patient or client. This point does not apply to
general medical practitioner.
ii)Daily appointment and engagment diary in respect of clients and patients.
iii)Daily record of reciepts, sales, payments, purchases and expenses.
iv)vouchers of purchases and expenses.
How will you reform tax and how will you increase the tax base net?? Reforms in
taxation : there are various modes to make reforms in taxation; by broadening
the tax base, by providing incentives to filers, by imposing high tax rates to non
filers.
Nfc award, Total imports n exports of Pakistan, Export volume is 18billion and
import volume is 32 billion
NFC award is the distribution of financial resources to provinces from Federal
govt. Which was the last one .. n what is percentage distributionof all provonces.
last was 7th, share, Punjab 51.74%, Sindh 24.55%, KpK 14.62% & Balochistan
09.09%.Is it applicable in this budget top.
Standing committee: The senate of pakistan has 28standing committees out of
total 39committees. Standing committees handle specific legislative area...
For this committee has specified knowledge n interest under theur jurisdiction...
they monitor govt activities, identify issues suitable for leguslative review, gather
and evaluate information and courses of action for senate.
Interview Questions:
Fpsc member ( Imtiaz sahab )

* Total districts in sindh
* Thatta aik district hai ya do districts
* Ap ny kbi kisi income tax office visit kiya
* SRB konsy tax collect krta hai
*Municipal and Cantonment board taxes
FBR member
* Job responsibilities of IRS
* Amortization, any rule in income tax
* Records kept by taxpayer
* Closing stock sy tax liability kesay change hoti hai
* Finance act 2016 ki Jo amendment aye hai taxpayer k last 10 years k record sy
kya faida hoga
* Professional tax ka koi rule hai
* Doctors ko konsa aik document lazmi maintain krna hota hai
Fpsc member ( Lehri Sahab )
* Void and Voidable Contract
* Auditor General k functions
Alhumdolillah answered all the questions except doctor wala nd cantonment
board taxes me thora confuse kr diya tha imtiaz sahab ny, lehri sahab ny
contract waly questions me
Income from property is separate block of income or not ? As per latest finance
act: Yes its a separate block! Check finance bill 2016. For individual and Aop only
What is super tax ? Super tax is imposed due to some unavoidable
circumstances in a particular tax year.. if the circumstances persist it is
continued otherwise abolished.
Best of luck to our active member Junaid Ali as he is going to be interviewed in
the morning.I wish very best of luck for all candidates from Karachi.Please do
consult these sections and areas before appearing FPSC penal. These areas
including, but not limited to, job responsibilities of inspector inland revenue and
how to perform these duties, return of income, Record,assessment, wealth
statement, fair market value, tax evasion and tax avoidance, recovery
procedure, withholding tax, input and output tax, federal excise duty and
provincial excise duty , federal taxes, local taxes, NFC, standing committee,
public accounts committee, circular debt, balance of payment, trade deficit,

import export volume, balance sheet, invoices, and knowledge related to your
current job and latest degree.
What is cess ? It is a tax imposed on infrastructure. it is a tax upon tax. it ia
imposed for a specific time period and cause. it is then removed once the goal is
achieved by government. e.g the cess levied on some area to raise money for
education department. Cess is just a terminology used in ITO 2001, Section 15 A
(3) as a substitute for Local Rate, Charge, Tax etc
All hav same meaning...

Income of federal government, provincial government or local government is
exempt or not ? Income of FG is exempt.
Income of Provincial & Local Govt is exempt, except business income out of its
jurisdiction.
Any company, regulatory authority or any other entity directly or indirectly
owned by FG or PG is taxable.
Don't be panic interview would be easy InshaAllah .they will ask simple
questions; return of income,record, job duties, recovery procedure,type of
tax,provincial taxes, municipal taxes, contonment taxes, wealth statement, NFC
AWARD,
what is the difference between professional tax and income tax?Professional tax
is levied under finance act 1964 It is one sort of fixed tax which is paid by
professionals while income tax is not a fix tax.another difference is that where a
person falls in more than one category of profession he shall be liable to pay tax
in respect of one where rate of tax is highest.Q.11
Please provide the list of provincial taxes? Hotel tax, cotton fee, entertainment
tax, infrastructure cess, motor vehicle tax,property tax, excise duty.
Who collect professional tax?doctr and lawyers fall in which catogry? This is
provincial subject collected by provincial government.
Please prepare your brief notes regarding latest degree and important ares of
taxation.Here are the best possible answer of questions asked by fpsc penal.Q.1
what do you do if a person does not submit its return? Notice would be served to
that person that within stipulated time he is bound to furnish his return,if he
failed to file his return then provisional assessment would be made,penalty
would also be imposed upon that person.after provisional assessment that
person would be provided an opportunity ,if that person showed or presented the
whole record of sale purchase then amended assessment would be made in
accordance with the new record and tax would be paid accordingly.Q.2
Recovery procedure Ans:if a person having taxable income,failed to pay the tax
than Notice would be served to that person,after that other modes would be
utilized including attachment of bank account,attachment and sale of moveable&
immovable property,appointment of receiver,arrest and detention of that person.
Please explain your answer in shape of bullet points before fpsc penal.Q.3 what
are job responsibilities of inspector inland revenue? As a field officer he acts
upon oral commands of commossioner,he conducts survey in his area,recovery
of tax and arrears,other modes would be opted to collect tax.Q.4 which tax is
easy for collection and payment? Sales tax is easy for collection and payment in
comparison with incom tax.Q.5 what are federal taxes and local taxes? Federal
tax includes income tax,sales tax ,and federal excise duty rather local taxes
includes tax on motor vehicle.Q.6 what is withholding tax? Deduction of tax at
source,in case of employment relationship employer deduct the tax from salary
of employees and rest of the amount is to be paid to employee,when money
withdrew from bank bank deduct the specific amount and rest of the amount is
to be paid to receiver,company when paying the dividend shall deduct the tax
from gross amount of the dividend paid to shareholders, when non-resident
would be paid fee for technical services then tax would deduct from gross
amount paid to non-resident.
Difference between Budget and Forecast
A budget is a financial plan expressed in quantitative terms, prepared by the
management in advance for forthcoming period.
Forecast means estimation of future trends and outcomes, based on the past and
present data.
Difference between developed and developing countries ? These r the two
categories of nation based on their fine living standards n per capita income.
The countries having comparitively high per capita n living standard and are
industrialized are developed. While the countries following towards the trends of
developed nations n still in a phase of development instead of declining state are
called developing nations or countries. Developed mean already developed nd
developing are n progress... Not developed.
Good thing. All govt projects based on tax, such as development, eduction etc.
And and a taxpayer claim refund from FBR
FBR collect tax from rich pepole and spend on general pepole poor.rich thats
things are good in tax system(what is good in our taxation system) Iska positive
ans yahe hy k we r progressing in amounts of tax every year. We have financial
deficite but this deficite is lower than many countries. Due to tax evasion ..
country has sorted its way to charge indirect taxes till the creation of a tax
responsible nation. Despite of its burden on poor category it s beneficial in terms
of getting near about 60% of tax revenue.
The revenue that provide facilities to poor n mediocre segment of society in the
form of education ,medical , infrastructure n other developmental works.
In spite of this , this is a system which is agricultural friendly. It cares about our
poor formers too. But country should define minnimum agricultural property to
be taxed to avoide feudal tax evasion. :)
Difference between finance lease and operating lease ? Operating lease main
risk and reward of leased asset lessor k pas rehtay hain and asset is returned by
lessee after use to lessor while in finance lease (also called capital lease) risk and
reward related to ownership of leased assets are transferred to the lessee.
Machinery and building are the example of finance lease. Now a days mineral
water companies put their Water dispenser in different companies office which is
the best example of operating lease. Operating lease is like rent .used to acquire
assets for short period of its useful life and ownership rights are with leasing
company .risk and maintenance remain with leasing company..its just treated as
operating expense in income statement..
Financial lease is used to own assets for its major part of useful life and at the
end its has right to be transfered to lessee . Risk reward maintence is with lessee
..it is used as asset in balance sheet.
Difference between nominal GDP and real GDP ? Nominal GDP is current one..and
real GDP is inflation deflation adjusted computed on previous years gdp,s.
Nominal Gdp which is calculated at current market prices and real gdp is inflation
or deflation adjusted gdp.
UPDATES IN TAXES OF PAKISTAN
IR OFFICES TO OBSERVE EXTENDED WORKING HOURS
FBR has directed all field formations that all Inland Revenue Offices will observe
extended working hours on June 29-30, 2016 i. e. until 10:00 pm on June 29
(Wednesday) and until 12:00 midnight on June 30 (Thursday).
In this regard, the FBR has issued instructions to all Chief Commissioners and
Collectors of Customs here on Friday. According to the FBR, the FBR has made
arrangements for collection of duties /taxes on 29th and 30th June, 2016 by
authorized branches of State Bank of Pakistan, National Bank of Pakistan,
scheduled commercial banks and National Institute of facilitation technologies
(NIFT).
SALES TAX WITHHOLDING TO BE DEDUCTED THROUGH AUTOMATED SYSTEM

FROM JULY 01, 2016
FBR has developed a software for automated verification of Sales Tax

Registration Number (STRN) and deduction of applicable rates of sales tax from
the vendors claims submitted at accounting offices.
The system will be implemented across all accounting offices from the start of
the financial year 2016-2017 and is expected to significantly enhance the
performance of accounting offices in their role as withholding tax agents for the
government, and contribute substantively to the governments sales tax
collection.
The system will link up with FBR database to determine status of vendors Sales
Tax Registration and authenticity of Sales Tax Registration Number (STRN) as well
as authenticity of allied master-data of the vendor in database of the Accounting
Office, and calculate correct amount of sales tax to be withheld in line with the
applicable rates as determined by FBR.
Based on verifications along the above mentioned dimensions, the system will
deduct applicable rates i.e. 10%, 20% and 100% of the sales tax.
Full applicable rate of sales tax shall be deducted from claims of those vendors
who do not have STRN, whose STRN does not get validated from FBR data base
or who are blacklisted.
The software was developed by the IRS-Operations Wing of FBR in collaboration
with the office of Controller General of Accounts (CGA) following a pilot project
launched earlier this year at AG Office Islamabad in collaboration with FABS.
Ahead of the software implementation on July 01, 2016, FBR has already started
contacting the government departments and ministries to instruct their
concerned staff to ensure that purchases are made from registered vendors as
well as ascertain that vendors STRN and master-records with Accounting Offices
are validated to avoid deduction of full applicable sales tax from respective
vendors.
FBR WITHDRAWS CUSTOMS DUTY EXEMPTION ON IMPORT OF TEXTILE

MACHINERY, EQUIPMENT
FBR has withdrawn a notification allowing exemption from whole of customs duty
on import of machinery and equipment by textile industry.
In this regard the FBR on Friday issued SRO 478(I)/2016 effective from June 25,
2016 to rescind its notification SRO 809(I)/2009 dated September 19, 2009.
As per the SRO 809, the government had exempted machinery and equipment, if
imported by textile industrial units registered with Textile Ministry, excluding
those manufactured locally, from payment of whole of customs duty specified in
the First Schedule to Customs Act 1969.
The SRO had been withdrawn under the government aims to phasing out
concessions and exemptions.
However, they said that such concessions and exemptions have been allowed in
different shape in the customs laws.
FBR IMPOSES 5% REGULATORY DUTY ON FABRICS; SRO 475 NOTIFIED
FBR has notified SRO 475(I)/2016 to impose regulatory duty at 5% on various

fabric of synthetic filament yarn with effect from June 25, 2016.
The FBR through latest notification amended SRO 568(I)/2014 to impose 5%

regulatory duty on various fabrics which included:
Woven fabrics of synthetic filament yarn, including woven fabrics obtained from
materials of heading 54.04
Woven fabrics of artificial filament yarn, including woven fabrics obtained from
materials of heading 54.05
Woven fabrics of synthetic staple fibres, containing 85% or more by weight of
synthetic staple fibres
Woven fabrics of synthetic staple fibres, containing less than 85% by weight of
such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170
g/m2
Woven fabrics of synthetic staple fibres, containing less than 85% by weight of
such fibres, mixed mainly or solely with cotton, of weight exceeding 170 g/m2
Other woven fabrics of synthetic staple fibres
Woven fabrics of artificial staple fibres
The latest SRO also imposed regulatory duty at 25% on import of milk and
cream, concentrated or containing sugar or other sweetening matter, and whey
powder.
The FBR imposed regulatory duty at 15% on tubular day lighting device. The
notification also amended regulatory duty on import of steel products by
replacing products.
FBR ALLOWS DEREGISTRATION TO CLEARING AGENTS
FBR has finally allowed deregistration to customs clearing agents from its tax
system. According to a notice issued by the board, the clearing agents, who are
not doing business in the territory of federal capital, are not required to continue
their registration with the FBR. And if they do not discontinue their registration
the tax returns have to be submitted on regular basis else legal action will be
taken as per the law.
Meanwhile, issue came on surface when the Federal Investigation Agency (FIA)
has detected a case and initiated inquiry against some customs clearing agents,
who, what the agency claimed, were involved in adjusting millions of rupees
sales tax against fake returns.
In response to the agency''s allegation, the clearing agents associations said that
being service providers, they were registered with FBR before 18th Amendment
and now they are paying taxes to the Sindh Revenue Board (SBR). Therefore, the
notices issued for recovery of heavy amount to their members are pertaining to
the year 2013 and for this period, customs agents were not on FBR sales tax
portal but on the SRB portal.
The clearing agents alleged the FBR that board instead of blocking their sales tax
registration has made all sales tax registration active in the system, providing a
chance to the unscrupulous elements for using these registrations for fake tax
adjustments. They claimed that sales tax registration of customs agents were
misused by some unscrupulous elements, who transacted illegal business by
using their FBR user IDs. On the other hand, FBR officials, who did not want to be
named, said that customs clearing agents, who were named in this scam, had
never sent any request to the board for the removal of their IDs from the system.
The FBR, which has suspended many sales tax registrations of service providers
on their requests, has now again issued notice to intimate the clearing agents
that they can file application for deregistration from the system as the FBR has
no issue in this regard, if they are not enrolled in Islamabad.
FINANCE ACT SIGNED BY RABBANI
The acting president, Raza Rabbani, on Friday signed Finance Act, 2016,
implementing sales tax/Federal Excise Duty (FED) relief measures from June 25,
2016 and regulatory duty (RD) on imported goods, a reduction in customs duties,
concessionary/reduced rates of import duties, special concessions at imports and
all customs tariff changes of First Schedule and Fifth Schedule of Customs Act,
1969.
The Act will be enforced from June 25, 2016. From today (Friday) onwards, the
reduction in sales tax rates, exemptions on imported goods as well as import
tariff changes made through Finance Act would be applicable.
Under the Finance Act 2016, the certain provisions of the Sales Tax Act, 1990 and
the Federal Excise Act, 2005 will, therefore, become applicable from June 25,
2016. According to the Finance Act, 2016, it shall come into force on and from
July 1, 2016, except certain provisions thereof which shall come into force on the
next day following the assent of the President given to this Act.
The Finance Act, 2016 has provided that certain provisions thereof shall come
into force from the day next following the assent of the President to the Act. The
President has granted assent to the
Finance Act, 2016 on 24-06-2016. The following provisions of the sales Tax Act,
1990 and the Federal Excise Act, 2005 will, therefore, become applicable from
25-06-2016:-
1. Sales Tax on Sugar - Sugar was exempt from sales tax whereas it was
chargeable to FED @ 8%. Through the Finance Act, 2016, exemption of sales tax
on sugar has been withdrawn. Moreover, FED on sugar has also been abolished.
Now sugar is chargeable to sales tax at a reduced rate of 8%.
2. Pesticides and their active ingredients - pesticides and their active ingredients
were chargeable to sales tax @ 7%. Through the Finance Act, 2016, pesticides
and their active ingredients have been granted exemption from sales tax.
3. Agriculture tractors - agriculture tractors were chargeable to sales tax @ 10%.

Through the Finance Act, 2016, the rate of sales tax on agriculture tractors has
been reduced to 5%.
4. Urea Fertiliser - urea fertiliser was chargeable to sales tax at the standard rate
of 17%. Through the Finance Act, 2016, urea fertiliser will now be chargeable to
sales tax @ 5%.
5. Mobile Phones - the rate of sales tax on Category "B" and Category "C" mobile
phones has been increased from Rs. 500 and Rs. 1000 to Rs. 1,000 and Rs. 1,500
respectively.
6. Aerated Waters & Beverages - aerated waters & beverages were charged to
FED @ 10.5%. Through the Finance Act, 2016, the rate of FED on aerated waters
& beverages has been increased to 11.5%.
7. Cement - Cement was chargeable to FED @ 5%. Through Finance Act, 2016
cement is now chargeable to FED @ Rs. 1 per kg.
All the concerned taxpayers will charge and pay sales tax at the new rates given
above with effect from 25th June 2016.
The government has announced a 5% reduction in GST on tractors.

The measures announced in the budget are a reduction of electricity rate from Rs
8.85 to Rs 5.30/unit, a cut in urea price to Rs. 1400/bag, a reduction in DAP price
to Rs. 2,500 from Rs. 2,800 and a decrease in the mark-up rate on agricultural
loans by 2pc.
Moreover, Rs 100 billion has been added to the credit tally in the budget while
special general sales tax has been abolished on the import of pesticides.
FBR AMENDS SRO 565 TO ALLOW EXEMPTION, CONCESSIONARY CUSTOMS DUTY

ON IMPORT OF INPUTS
FBR on Friday issued customs notification SRO 474(I)/2016 to minimize the

concessionary duty rates on imports of various goods. As per the notification the
imports of goods for assemblies and sub-assemblies have been withdrawn.
The notification which will be applicable from July 01, 2016 amended the SRO
565(I)/2006 of June 05, 2016 also omitted explanation No. 02 that says: The
importers can simultaneously avail the statutory rate of duty on those items
mentioned in the table imported as part of CKD/SKD kits which have statutory
rates lower than the CKD/CBU rates under the notification.
The latest SRO also revised the table providing exemption or concession from
customs duty.
According to the table
Raw materials for articles of stationery have been allowed zero percent, which
included:
(1) Potato starch 1108.1300
(2) Acid dyes whether or not premetallised, and preparations based thereon;
mordant dyes and preparations based thereon (acid dyes / dyestuff) ), non-textile
grade 3204.1200
(3) Pigments and preparations based thereon (pigments), non-textile grade
3204.1700
(4) Stamping foil 3212.1000
(5) Inks for ball points pens, fine liners and fibre tips 3215.9010
(6) Edenol 3824.9099
(7) Hardners 3824.9099
(8) Acrylic polymer (fast drying) 3906.9090
(9) Alkyd resins (fast drying) 3907.5000
(10) Amino-resins (fast drying) 3909.3000
(11) Cellulose nitrate 3912.2010
(12) Carboxyl-methyl cellulose and its salts (carboxy methyl cellulose) 3912.3100
(13) Porous fibre rods for making marker nibs 3916.9000
(14) Heat transfer film 4908.9000
(15) Electro galvanized wire 7217.2000
(16) Spring wire 7217.9000
(17) Brass alloy wire 7408.2100
(18) Wood sandwich blocks with lead encased 9609.9000
Sub-components and Components for stationary items which have been allowed
concessionary are included:
(1) Carbon for lead 2803.0090: 5 percent

(2) Steel balls not exceeding 1mm diameter 7326.9040: 3 percent
(3) Sharpener blades 8214.1000: 5 percent
(4) Synthetic fiber reservoirs of the kind used in writing instruments (ink
reservoirs) 9608.6000: 5 percent
(5) Nibs made of special metal for use in manufacture of writing instruments
(fountain pen nibs) 9608.9100: 5 percent
(6) Nibs points( for fiber tip pens and markers) 9608.9100: 5 percent
(7) Tips for fine liners 9608.9100: 5 percent
(8) Raw cores used for making black lead 9609.2010: 5 percent
(9) Color lead 9609.9000: 5 percent
Customs duty on raw materials for Electrical Capacitors
(1) Epoxy Resin 3907.3000: 10 percent

(2) Polyurethane Resin 3907.3000: 10 percent
(3) BOPP Film (Plain capacitor grade) 3920.2010: 10 percent
(4) BOPP Film (Metalized capacitor grade) 3920.2030: 10 percent
(5) Polyester / Polypropylene seal Film 3920.2090: 10 percent
(6) Insulating Paper 4823.9090: 10 percent
(7) Aluminum Foil (99.9 purity electrolytic grade, plain and etched) 7607.1100:
10 percent
Sub-components & Components for Electrical Capacitors
(1) Silicon Rubber Seals 4016.9320: 15 percent

(2) Supporting Kernels 8532.9090: 15 percent
(3) Insulating Cover Sleeve 8546.9000: 15 percent
Customs duty on import of raw material for import of manufacturing or

formulation of agricultural pesticides by manufacturers or formulators duly
recognized and approved by the Ministry of National Food Security and Research.
(i) Oils and other products of distillation of high temperature, coal-tar and similar
products in which the weight of the aromatic constituents exceeds that of nonaromatic constituents. 2707.5000 2707.9100 2707.9990 2710.9900: 5 percent
(ii) Following active ingredients for pesticides registered by the Department of
Plant Protection under the
Agricultural Pesticides Ordinance, 1971(II of 1971), stabilizers, emulsifiers and

solvents have been allowed import at zero percent:
(1) Xylol (xylenes) 2707.3000

(2) Solvent C-9 2707.5000
(3) Beta Pinene / Agrotin 527 / Terpenic derivative 2902.1990
(4) Toluene 2902.3000
(5) Mixed xylene isomers 2902.4400
(6) Naphthalene 2902.9010
(7) Ingredients for pesticides 2903.3960
(8) Cadusafos Technical Material 2903.3960
(9) Methanol (methyl alcohol) 2905.1100
(10) Propylene glycol (propane-1, 2-diol) 2905.3200
(11) Adhesives Polyvinyl Acetate, Polyvinyl Alcohol 2905.4900
(13) Other Ingredients for pesticides 2906.2990
(14) Solvenon MP / 1-Methoxy 2-Propanol, Methyglycol Acetate 2909.4910
(15) Methanal (formaldehyde) 2912.1100
(16) Cyclo-hexanone and methyl- cyclo-hexanones 2914.2200
(17) Cyclohexanon, Cyclohexanone Mixed petroleum Xylene (1,2 & 1,3 & 1,4
dimethyl benzene and ethyle benzene) 2914.2990
(18) Acetic anhydride 2915.2400
(20) Dioctyl orthophthalates 2917.3200
(24) Endosulfan Technical Material 2920.9020
(26) Diethylamine and its salts 2921.1990

(30) Triethanolamine and its salts 2922.1390
(32) Methidathion Technical 2924.2950
(34) Lufenuron Technical 2924.2990
(35) Alpha cyano, 3-phenoxybenzyl (-) cis, trans 3-(2,2-diclord vinyl) 2,2 dimethyl
cyclopropane carboxylate 2926.9010
(36) (S) Alpha cyano, 3-phenoxybenzyl (S)-2-(4, chloro phenyl)-3 mehtyl butyrate
2926.9020
(37) Cyano, 3-phenony benzyl 2,2,3,3 tetra methyl cyclopropane carboxalate
2926.9030
(38) Cypermethrin, Alpha Cypermethrin, Beta-Cypermethrin, Zeta-Cypermethrin,
Lambda Cylalothrin, Deltamethrin, Fenpropathrin, Esfenvalerate, Bifenthrin
Technical Material- Acetamiprid, Imidacloprid Technical Material- Monomehypo,
Chlorothalonil Technical Material- Bromoxynil Technical Material 2926.9050
(39) Other nitrite compounds- Cyfluthrin, Beta Cyfluthrin Technical Material
2926.9090
(40) 2-N, N-Dimethyl amino-I sodium thiosulphate, 3-thiosulfourropane
2930.2010
(41) S-S (2 dimethyl amino (trimethylene) bis (thio carbamate) 2930.2020
(43) 2- N,N-dimethyamino 1,3 disodium thiosulphate propane 2930.9010
(44) O,S-dimethyl phosphoramidothioate 2930.9020
(45) Diafethiuran technical (itertbutyl) 3-2-6 disopropyl (4-phenoxyphenyl)
thiourene 2930.9030
(46) O-O diethyl O-(3,5,6 trichloro pyridinyl) phosphorothioate 2930.9040
(47) O-(4-bromo, 2-chloro phenyl) o-ethyl s-propyl (phosphorothioate) 2930.9050
(48) O,O duethyl O-(3,5,6-trichloro 2-pyridyl) phosphorothioate 2930.9060

(50) Other orgonosulpher compounds Ethion, Methamidophos Technical
Material Dimethysulfoxid 2930.9099
(56) 2,3 Dihydro 2-2 dimethyl-7 benzo furanyl methyl-carbamate 2932.9910
(57) Other ingredients for pesticides Carbosulfan Technical Material 2932.9990
(60) Chlorpyrifos, Triazophos, Diazinon Technical Material 2933.5950
(61) Pyrimethanine 2933.6910
(63) Atrazine Technical Material 2933.6990
(64) Isatin (lactam of istic acid) 2933.7910
(65) 1-Vinyl-2-pyrrol-idone 2933.7920
(66) Triazophos Technical Material 2933.9910
(67) Penconazole Technical 2933.9990
(70) Difenoconazole Technical 2934.9920
(71) -Methyl benzimidazol 2 ylcarbamate. 2938.9010
(73) Abamectin 2941.9070
(74) Sulphonic acid (Soft) 3402.1110
(75) Other surface active agents 3402.1190
(76) Catonic 3402.1290
(77) Non ionic surface active agents 3402.1300

(78) Other organic surface active agents and preparation 3402.1990, 3402.9000
(79) Chemical preparations 3824.9099
(iii) Following raw materials for manufacture of Technical Grade Emamectin

Benzoate (Registered by the Department of Plant Protection under the
Agricultural Pesticides Ordinance, 1971):-
(1) Ethyl alcohol 2207.1000: 10 percent

(2) Phosphoric acid (H3P04) 2809.2010: zero percent
(3) Sodium borohydride (NaBHB) 2850.0000: zero percent
(4) Dichoromethane (methylene chloride) 2903.1200: zero percent
(5) Isopropyl acetate 2915.3990: zero percent
(6) Trifluroacetic Acid 2915.9000: zero percent
(7) Allylchloroformate (Esters of Acrylic Acid) 2916.1200: zero percent
(8) Benzoic Acid 2916.3110: zero percent
(9) Phenyl Dichlorophosphate 2920.9090: zero percent
(10) Tetramethylethylene Diamine 2921.2990: zero percent
(11) Heptamethyl disilazane 2921.2990: zero percent
(12) Dimethyl Sulfoxide 2930.9099: zero percent
(13) 1-methyl propyl-25-1- methylavermectin 2932.1900: zero percent
(14) Palladium 3815.9000: zero percent
Stearic Acid/ Distilled Fatty Acid (DFA)
Palm Stearin 1511.9010: 5 percent

Inedible Animal Or Vegetable Oil and Fats 1518.0000: 15 percent
Cold Rolled Coils (CRC) or G.I sheet / coils
Hot rolled coils / sheets in prime quality 72.08 at five percent with condition if
imported by sales tax registered manufacturers of CRC / G.I sheets or coils.
Fans
Insulation Varnish (Polyurithene / Polyester / Polyesterimide with Baking

Temperature Ranging from 100C to 220C) 3208.1010: 10 percent
Composite paper and paperboard (made by sticking flat layers of paper or
paperboard together with an adhesive), not surface- coated or impregnated,
whether or not internally reinforced, in rolls or sheets 4807.0000: 10 percent
Paper & Paper Board Cellusose Wadding & Webs of Cullulose Fibers, Cated,
Impregnated Covered Surface 4811.4900: 10 percent
Non Grain Oriented Electrical Steel Sheet 7225.1900: zero percent; 7226.1900: 5
percent
Transformers
Grain Oriented Electrical Steel Sheet 7225.1100, 7226.1100: 10 percent
Electric Motors
Non Grain Oriented Electrical Steel Sheet 7225.1900, 7226.1900: 5 percent

DUAL TAXATION TREATY: FBR OFFICIALS IN SWITZERLAND TO RE-NEGOTIATE

CONVENTION
The senior tax officials of the Federal Board of Revenue (FBR) have reached
Switzerland to re-negotiate the convention on avoidance of double taxation
between Pakistan and Switzerland with particular focus on exchange of
information related to clauses of the existing convention. The FBR Chief Income
Tax officers and Chief (International Taxes) FBR are representing the Pakistani
side.
The second round of negotiations between Pakistan and Switzerland would focus
on OECD model on exchange of information and tax rates on interest, royalty,
dividend income. The FBR intends to restore rates of 10% rate on interest,
royalty, dividend income etc under the said convention.
During the first round of talks, Swiss officials visited Pakistan to discuss these
issues. Now, the second round of talks has been held at Switzerland. Both FBR
representatives have ample experience in drafting of tax laws, meetings with
international organizations and revision of the conventions on avoidance of
double taxation with different countries. Tax authorities are expecting some
breakthrough in the said meetings with Swiss authorities.
The FBR wants to re-negotiate and upgrade treaty on Avoidance of Double

Taxation with Switzerland to tax undeclared money held in the Swiss bank
accounts by the Pakistani nationals. In the past, the Cabinet had given its
approval for renegotiating Pakistan-Switzerland Avoidance of Double Taxation
Agreement (DTA). The existing Pakistan-Switzerland DTA will be re-negotiated
and upgraded in line with the latest trends in all important areas of international
co-operation.
The proposed Article 26 (exchange of information) of the convention on

Avoidance of Double Taxation, being renegotiated between Pakistan and
Switzerland, would bound the Swiss tax authorities to exchange all requested
information, including confidential bank account information of Pakistanis
maintaining Swiss accounts. Pakistan and Switzerland signed Convention on
Avoidance of Double Taxation in 2005 which was enforced in 2008.
This agreement contained old version of Article 26 on Exchange of Information.

In 2010, Switzerland agreed to adopt latest version of Article 26 of the OECD
Model Tax Convection in its Agreements on Avoidance of Double Taxation with
other countries. In this backdrop, FBR moved Summary to the Federal Cabinet
seeking permission under Rule 16(I)(h) of the Rules of Business, 1973 to upgrade
and renegotiate the existing Pak-Swiss treaty with special reference to Article 26
on Exchange of Information. The Cabinet accorded approval to renegotiate
Pakistan Switzerland Avoidance of Double Taxation Agreement. Accordingly, in
August 2014, Convention on Avoidance of Double Taxation was renegotiated,
highlight of which was replacement of archaic formulation of Article 26 with a
new one reflecting internationally accepted standard on "Exchange of
Information" backed by both OECD and UN.
The new Article, upon formal signing of the ADTA will oblige the Swiss Authorities
to exchange all requested information, including heretofore confidential bank
account information. Information requested under new Article cannot be refused
or declined on the mere pretext that the same is not of any use for their
domestic taxation and is held by any other authority and not available with the
tax authorities. However, the said Article provides for Exchange of Information
upon request and does not support automatic exchange of information. The
renegotiated Pak-Swiss Treaty is still under the process of review in respect of
certain articles of the Convention. Pakistan has joined Global Forum as its 111th
Member in 2013.
LCCI DEMANDS AGAIN WITHDRAWAL OF PUNJAB INFRASTRUCTURE

DEVELOPMENT CESS (PIDC)
The LCCI President said that government should take decision immediately so
that unrest among the business community could come to end.
He said that business community was expecting that Punjab government would
issue the notification of withdrawal of PIDC but no action has yet been taken in
this regard.
He said that imposition of this Cess is a sort of double taxation and will further
burden up existing taxpayer who are already coping a number of challenges. He
said that after imposition of PIDC, businessmen would start clearing their
consignment in other provinces to avoid this tax which would not only hurt
businesses of clearing agents and transportation companies that provide
employment to thousands but would also cause huge damage to the provincial
exchequer.
He said that PIDC is an indirect tax as it will be charged on movement of goods

including raw materials cleared on dry ports of Punjab and will ultimately prove
to be an impediment to economic growth of the province.
He said that businessmen of Punjab should be given some breathing space to

supplement the Punjab government efforts aimed at economic revival of the
province. He said that at present when businessmen of Punjab are trying to play
their best for progress and prosperity of the country, they need a helping hand
from the Punjab government. He said that there is a dire need to avoid new
levies like PIDC as they are not in a position to bear more burden.
BRIEF ON AMENDMENTS IN THE FINANCE BILL, 2016 BY A CHARTERED

ACCOUNTANTS FIRM
IMPORTANT AMENDMENTS NOT ADDRESSED IN THE ACT Some amendments

proposed through the Bill laid before the National Assembly on June 3, 2016 were
expected to be either withdrawn or appropriately amended in the Act.
In this regard, concerns with valid reasons were also raised at the appropriate
forums, however, the same have not been corrected in the Act. It is suggested,
as a last resort, to include the following two matters in the proposed Amendment
Act, 2016 which is expected to be introduced in the Parliament, as announced by
the Finance Minister in his concluding speech on the Finance Bill:
INTER-CORPORATE DIVIDEND IN HOLDING COMPANY STRUCTURE
The primary issue in this matter relates to tax on inter-corporate dividend in the
case of a Holding Company (other than 100% owned) structures, which are
formed after the approval by the Securities & Exchange Commission of Pakistan.
After deliberations at various forums, it was expected that this matter was to be
corrected in the Finance Act, 2016. However, the correction has not been made
and after July 1, 2016 inter-corporate dividend in the case of a Holding Company
structure (other than 100% owned) will be taxed.
This is not a desirable course especially for internal investment perspective and
it is highly recommended to reinstate the position as existed prior to the Bill. This
has disturbed the investment strategies for almost all the major industrial groups
of the country.
INADMISSIBILITY OF PROVINCIAL SALES TAX AGAINST FEDERAL SALES TAX

LIABILITY
Through the Bill, fundamental departure was proposed in the sales tax regime
which is governed under the VAT principles. The definition of input tax was
proposed to be amended to exclude the Sales tax paid under respective
Provincial laws.
This proposal simply exhibited the absence of harmony between federal and
provincial governments. It was therefore proposed by various trade bodies,
professional firms as well as the provincial revenue authorities to withdraw this
amendment since in economic sense, this would imply dual indirect taxation in
the country as the indirect taxes paid to Provinces shall not reduce the incidence
of sales tax paid to Federation.
The Federal Government has proceeded to withdraw the taxpayers' right to claim
input tax adjustment on provincial sales tax. The provincial authorities have been
conveyed by FBR that they may also review corresponding provisions in their
respective laws in response to the amendment to disallow cross-adjustment of
input tax against provincial services.
(A) BRIEF ON CHANGES THROUGH THE ACT IN INCOME TAX ORDINANCE, 2001
1. SUPER TAX
Through the Bill, the Federal Government whilst extending the levy of super tax
to tax year 2016 also proposed to amend the definition of 'income' for the
purpose of computing Super Tax to exclude the impact of depreciation and
business losses. The language of proposed amendment was ambiguous as
regards the treatment of current year's depreciation.
Through the Act, the aforesaid ambiguity has been removed and it has been
clarified that only brought forward depreciation losses (and not current year's
depreciation) will be excluded along with brought forward business losses for
computing income for the purposes of levying super tax.
2. DISALLOWANCE OF BUSINESS EXPENSES DUE TO NON-WITHHOLDING OF TAX
Through the Bill, the provision regarding disallowance of expenditure on account

of non-deduction of tax was clarified that if tax under section 161 or 162 has
been collected, the same will be considered as taxes paid for the purposes of the
said provision, and the disallowance would not be made. It was also proposed
through the Bill to restrict the limit of disallowance to 20% of purchases of raw
material and finished goods which was ambiguous.
There had been a circular in the past where disallowance in respect of purchases
was not allowed, inter alia in certain mode, despite non-compliance of certain
provisions. This amendment appears to be an extension of that concept that
purchases of raw materials and finished goods cannot be disallowed for any noncompliance of withholding provision over and above the percentage prescribed in
the law. At present, this percentage as per the proviso is 20% of the amount of
total purchases of raw materials and finished goods. This would mean that if the
compliance exceeds 20% on transaction-wise basis, there will not be a
disallowance of expenses beyond 20% of total purchases.
3. TAX CREDITS UNDER SECTIONS 65D AND 65E
Under sections 65D and 65E of the Ordinance, tax credits for investments are
presently available to companies making 100% equity based investments for
industrial undertaking and corporate dairy farm upto June 30, 2106. It was
proposed through the Bill to not only increase the time period of investments to
June 30,2019 but also the credit was allowed (on proportionate basis) where the
equity investment is 70% or more. However, the formula proposed for that
purpose had a mathematical error which has now been corrected. The credit is
now allowable as per the following formula:
A x (B/C) where -
A is the amount of tax assessed for the tax year before allowance of any tax
credit for the tax year;
B is the equity raised through issuance of new shares for cash consideration; and
C is the total amount invested in setting up the new industrial undertaking / plant
and machinery, as the case may be.
4. FAIR MARKET VALUE OF IMMOVABLE PROPERTY
Through the Bill, it has now been provided that the fair market value of
immovable property will be determined on the basis of valuation made by a
panel of approved valuers of the State Bank of Pakistan. The proposal through
the Bill that the value fixed or notified by any Provincial authority for the stamp
duty or any other purpose shall not be taken into consideration for determining
the fair market value of an asset for the purpose of the Ordinance, has not been
finally adopted.
This is a major deviation as deemed / practical acceptance of single value has

been dispensed with and the possibility of different valuation by various persons
within the panel cannot be overruled.
5. FOREIGN TRUST
The explanation proposed to be inserted through the Bill for clarifying that a
foreign trust is also covered by the definition of company has been deleted.
Effectively, deletion of this amendment has made no change in the law and even
under the existing provisions, a 'foreign trust' is a company.
6. NOTICE FOR FILING OF RETURN
Through the Act, a new proviso has been added to section 114 empowering the
FBR to issue a notice for filing of return of income for one or more of the last ten
completed tax years in case of a person who has not filed return for any of the
last five completed years. The retrospective impact of this amendment to past
and closed years requires examination.
7. ALTERNATE DISPUTE RESOLUTION
With a view to improve the Alternate Dispute Resolution mechanism, following

amendments have been introduced:
- Alternate Dispute Resolution committee would include a Commissioner Inland

Revenue instead of Additional Commissioner Inland Revenue;
- Board is required to pass an order on the recommendation of the Committee

within 90 days instead of 45 days; and
- In case order is not passed by the Board within 90 days, the recommendation of
the committee shall be treated as an order passed by the Board.
Similar amendments have been made in the Sales Tax and Federal Excise Laws.
8. RECOVERY OF TAX BY WAY OF FREEZING BANK ACCOUNT
In order to curb the practice of taking coercive measures including freezing of

bank accounts even in those cases where the matter is subjudice in appeals, an
amendment is made to section 140 whereby no action under the said provision
will be taken if the appeal filed by the taxpayer relating to such tax is pending
before the Commissioner - Appeals subject to the condition that 25% of the said
tax is paid by the taxpayer. This also means that if 25% of demand has been
paid, there cannot be recovery by way of freezing of bank accounts.
In cases where the taxpayer would not be willing to pay 25% of the said tax, he
will remain entitled to approach the Commissioner - Appeals / High Court for stay
of full demand.
9. ADVANCE TAX FROM PROVINCIAL SALES TAX REGISTERED PERSON
The Bill proposed insertion of a new section 236W whereby every provincial
revenue authority was made liable to collect adjustable advance tax at the rate
of 3% of the turnover from a 'non-filer' who is otherwise registered with Provincial
authority.
The above amendment has been adopted in the Act in different form. Now,
Provincial Revenue Authorities have been absolved from this responsibility. Tax
collection from such non-filers has now been substituted by a new section 147A.
Under the new mechanism, monthly adjustable advance tax at 3% of turnover
will be payable by the non-filer of FBR, who is registered with provincial revenue
authority. Advance tax paid under section 147A will be payable at the time when
provincial sales tax return is filed, and the tax so paid will be taken into account
while working out advance tax payable under section 147 of the Ordinance. The
requirement to pay advance tax will not be applicable on a person who was filer
on 30th June of the previous tax year. Practical application of this provision would
have to be prescribed.
10. CAPITAL GAINS ON REDEMPTION OF SECURITIES
Through Bill, gain on redemption of units of open ended mutual funds was
subjected to collection of tax under the mechanism as laid down in the Eighth
Schedule.
For that purpose, it has now been clarified that a mutual fund or collective
investment scheme shall continue to collect capital gains tax at the prescribed
rates on redemption of securities. It has been noted that separate rates which
were earlier prescribed for such collection of tax on capital gains have been
omitted due to substitution of the relevant Division.
11. ADVANCE TAX ON FOREIGN PRODUCED TV PLAYS AND SERIALS
Section 236E inserted through Finance Act 2013 whereby adjustable advance tax
was required to be collected by the licensing authority from foreign produced TV
plays has now been deleted. However, PEMRA will now be required to collect
adjustable advance tax under section 236F at the rate of 50% of the permission
fee or renewal fee from every TV Channel on which foreign TV drama serial or a
play in any language, other than English, is screened or viewed. Modalities and
effects of the same need to be examined.
12. GAIN ON DISPOSAL OF IMMOVABLE PROPERTY TO RENTAL REIT
Gain arising on the disposal of immovable property by a person in a tax year to

the Rental REIT Scheme will be taxed at the rate of 5% upto June 30, 2019
irrespective of holding period. The general rate of tax on gain on disposal of
immovable property is 10%, whereas no tax is payable where holding period of
immovable property is more than 5 years. It may be noted that gain on disposal
of immoveable property to developmental REIT is exempt from tax upto June 30,
2020 under Clause (99A) of Part I of the second schedule.
13. WITHHOLDING TAX FROM PAYMENTS TO NON-RESIDENTS FOR CONTRACTS

AND ADVERTISEMENT SERVICES
The rate of withholding tax on payments to non-residents for execution of certain

contracts and advertisement services rendered by TV Satellite channels is
presently prescribed at 6% irrespective of the filer status. Now, separate rates of
7% and 12% are prescribed for filers and non-filers respectively. Similarly,
payments to Permanent Establishments of non-residents for execution of
contracts, sale of goods and services rendered will also be subject to withholding
tax of 7% and 12% for filers and non-filers respectively.
14. REDUCED TAX RATES FOR CERTAIN LISTED COMPANIES
A new clause (18B) is now inserted in Part II of the Second Schedule whereby the
corporate rate of tax specified in First schedule will be reduced by 2% in case of
listed companies subject to following conditions:
(a) it fulfils prescribed shari'ah compliant criteria approved by State Bank of

Pakistan, Securities and Exchange Commission of Pakistan and the Board;
(b) derives income from manufacturing activities only;
(c) has declared taxable income for the last three consecutive tax years; and
(d) has issued dividend for the last five consecutive tax years.
It appears that shari'ah compliant criteria is being developed jointly by the

regulators.
15. EXEMPTION FROM COLLECTION OF TAX ON IMPORT OF SHIPS AND AIRCRAFTS
Collection of withholding tax at import stage will not be applicable in the

following cases:
(a) Import of ships and other floating crafts including tugs, survey vessels and
other specialized crafts purchased or bare-boat chartered by a Pakistani entity
and flying Pakistani flag upto the year 2020 subject to the condition that imports
ships, etc are used for the purpose for which they were imported. In case of ships
and crafts used for demolition purposes, the import tax will be applicable.
(b) Import or acquisition of aircraft on wet or dry lease by PIA with effect from
March 19, 2015. Corresponding concessions have also been provided in Sales Tax
and Customs Law, wherever applicable.
16. WITHHOLDING TAX FROM NON-RESIDENT IMPORTERS
In order to remove the ambiguity, section 152 has been amended (in line with
section 153) to exclude the payments for sale of imported goods of non-residents
from the purview of withholding tax deduction subject to the collection of tax at
import stage and supply of goods in similar state. This is a corrective measure.
17. ADJUSTABILITY OF FINAL TAX COLLECTED IN EXCESS FROM A NON-FILER
In the Bill, it was proposed that where the tax collected or deducted is final tax
and separate rates are prescribed for filer and non-filer, the final tax shall be the
tax rate for a filer and the excess tax deducted or collected on account of higher
rate of a non-filer shall be adjustable.
While accepting this proposal, a clarificatory amendment has been made by

adding in the relevant section that such excess collection of tax will be
adjustable only in the tax return filed for the relevant tax year.
18. INCREASE IN EXEMPTION LIMIT FOR GRATUITY INCOME
Any payment received by an employee on his retirement, or by his heirs in the

event of his death, by way of gratuity from an Approved Unfunded Gratuity
Scheme is presently exempt upto Rs. 200,000. Through the Act, this limit has
been increased to Rs. 300,000.
(B) SALES TAX ACT, 1990
SIXTH SCHEDULE - EXEMPTIONS
(a) Import and supply of ships with gross tonnage of over 15 LDT have also been
extended exemption from sales tax.
(b) Imports of raw materials for the basic manufacture of pharmaceutical active
ingredients and for manufacture of pharmaceutical products have been extended
exemption which are liable to customs duty not exceeding 11%, instead of the
earlier limit of 10%.
(c) Following further items with dedicated use for renewable source of energy
subject to certification by Alternative Energy Development Board (AEDB) have
been included in the lists of exemption:
- Tubular day light device
- Energy saver lamps and tube lights of varying voltages (operating on AC or DC)
- Specified invertors
(d) Exemption to import or acquisition of aircrafts on wet or dry lease by PIA has
been made effective from March 19, 2015.
EIGHTH SCHEDULE
(a) Sales tax rate on agricultural tractors has been reduced from 10% to 5%.
(b) Laser land leveler has been extended reduced sales tax of 7%.
(c) Set top boxes for gaining access to internet, TV broadcast transmitter,
reception apparatus for receiving satellite signals used for television and other
set top boxes have been extended reduced sales tax of 5%.
(d) Milk chillers, Tubular heat exchanger (for pasteurization), milk processing
plant, milk spray drying plant, milk UHT plant, milk filters and other machinery
and equipment for manufacturing of dairy products have also been extended
reduced sales tax of 5%.
(C) ISLAMABAD CAPITAL TERRITORY (TAX ON SERVICES) ORDINANCE, 2001 (ICTO)
Education testing services provided or rendered under a bilateral or multilateral

agreement signed by the Government of Pakistan are excluded from the levy of
Federal Sales Tax.
Interview Totally Urdu mein tha
15 minutes ka tha
Job Duties
Return
Records
Sales Tax
inn topic pr Questions puchy thy
Shared by Muhammad Riaz
Interview remained good. Very friendly and comfortable environment it was mix
in english and in urdu.
Sale tax and income tax difference
Application of res judicata
Application of sufficient cause
Difference between federation nd consideration (Federation is a type of govt in
which PROVINCES r under the capital control for all of their decisions as security
economic develpment etc example is Pakistan...
Confederation is a type of Govt in which provinces r autonomous states they r

independent in near about all concerns economically socially etc but they r
united for war n help each other in the time of need. Example of confederation is
UAE... having 7states...)
% of sale tax
And some general specifically from me.
NFC is a constitutional body constituted under article 160 of constition 1973 of
Pakistan.it distributes financial resources among provinces by federal
government.it also pooled taxes collected by all provinces and then distributes
among provinces.
res judicata is a latin maxim by which mean not to decide a matter which is
already decided.
Sufficient cause Definition : cause that is deemed enough to provide an excuse
under the law.
What is Tax Collection Procedure ? There are five method s of collecting tax
1 tax collected at source
2 advance payment of tax
3 tax collected through return
4 tax collected on demand
5 tax collection through tax recovery procedure.
Front desk officer: Sit down
FDO: Acchhha to aap faisalabad se hen..
Me; No sir, Men Chiniot se hon..
FDO... To aaj kal aap kia krtay hen..
Me. . Audit Assistant in FESCO..
FDO.. Aap to pehly he sarkaari job me hen..
Me.. No sir FESCO semi government he or men BPS 14 me hon..
FDO.. Aap Kis tarha ka audit krty hen wahan..
Me.. Sir , Revenue collection audit in FESCO.
FDO.. Wahan to bhut fraud hotay hen.
Left Desk officer: Achha to woh jo aik consumer ka bil dosray ko chala jaata he
woh aap krty hen,
FDO.. Or woh over billing ka kia?
( sb akatthay bolnay lagay jaisay saaray wapda ka ghussa mujh par he nikaalain
gay,I was confused by their behavior)
Me.. No sir as such kuch bhi nhe he or jis consumervka bill ho usi ko jata he or
dosra over billing ka audit department se koi taalluq ni.
FDO.. Its ok.. Tum ne kahaa k tum billing ka audit krty ho.
Me .. G sir.
FDO.. To tum bill me maujood hr heading ko jaanty ho..
Me.. G sir..
FDO.. To bill me kon kon se tax shamil hoty hen.
Me.. GST + ST ( Correct answer was GST +IT)
Tension increased..
FDO+ Right desk officer; What is difference between GST n ST.
Actually here I tried to amend myself.

I said no difference.
FDO. Which other tax is deducted by FESCO in bills..
Woh mujh se Income tax ka poch raha tha but I was totally confused.
Me.. I know about sales tax only..

FDO.. What do you mean by post audit and pre audit.
Me.. Audit conducted before n after the transaction are caled pre n post
respectively.
FDO.. With holding tax kis ko kehty he..
Me.. Tax deducted at source.
FDO.. FESCO kon kon se taxes as a with holding agent collect krta he..
Me.. Tax on our salaries..
( Correct answer was sale tax and income tax)
FDO.. koi aur tax
Me. I dont know sir..
FDO.. Duties of ILR.
Me.. I told all those which were written in the advertisement..
FDO.. What is ext. Survey....
Me. . I know about the JD only which I have told you and I have studied it from
the ad. I was unable to find any other source..
FDO..
What is the reason you know little about billing.
Me.. Sir , Meri posting huway abhi 3 mah huway hen..
( He pointed to right desk officer )
RDO.. FESCO kn kn se tax colect krta he..

Me.. Income tax n sale tax..
RDO..Pehlay to tum ne kaha k sirf Income tax..
Me.. Sir, I was wrong that time.
RDO. . Agar koi shaks tax na day to us ko recover krnay ka kia krna chahye..
Me.. Notice
RDO.. Notice to already de dia.
Me.. Sir , arrest and fiscation of property..
RDO.. Law me koi provision he is k baaray me.
Me. G sir he..
RDO... Explain total procedure in deatiail..
Me... Sorry sir..
He pointed to the member sitting on my left side...
LDO.. Aap ne banking parhi hay..

Me.. G sir..
LDO.. Agar interest rate km kr dia jay to kia effect hota he..
Me.. Saving decrease hoti hen.
LDO. Me ne faida pocha he.
Me.. Sir mje ni pta..
LDO.. Aray bhai log bank se loan len gay or investment karain gay..
LDO.. You may go..
As I stood up.
FDO.. sit down..

I sat
FDO.. Aap ne kaha aap ko audit assistant bharti huway 3 mah ho gay, aap pehlay
kia krty thy..
Me.. UDC tha FESCO me.
FDO.. ok... thank u very much..
NOTE. Agar mujh se koi fikra english me likha gea he to woh meri glti he,
interview men meray ilawa kisi nay english bolnay ki jurrat nhe ki..
Regards
Mazhar Ali Khokhar

Conducting int. & ext. Survey of jurisdiction.
* Answer these Questions *~
1) Is there any chances of manipulation/Fraud in FBR ?
2) Why people of Pakistan don't pay the taxes ?
3) What would you do if any person does not submit tax return ?
4) Which tax is easy for collection and payment ?
5) What are the Job responsibilities? (skip it)
6) How these duties will be performed??
7) What is the standing committee of national assembly ?
What is transitional advance tax.
Conducting int. & ext. Survey of jurisdiction.....
Types of tax collected by the federal govt
Types of indirect taxes n which is the bst
Insurance bond and security
Accounting nethods
What is general ledger
What is cash and accruak accounting
What is NFC
What is the standing committee of national assembly
Income tax ordinance 2001 m individiual ko option hoti hai k wo ksi b accounting
k tehat tax sbmt krvaye ya ya fix mthd h option nhi hoti
Intrvw 15 mnt ka tha or 3 logon ka panel tha ziada questions apki qualification k
bary m hi pochhy jty hain.
INTERVIEW TIPS
1. Believe in yourself. Believe in ALLAH.
2. Stay cool, calm and confident.
3. Don't play with your expressions; keep a gentle smile on your face.
4. Take permission before entering the room (May I come in Sir?)
5. Your voice must be strong, clear and audible.
6. If the interviewer shakes hand with you, then its OK otherwise just say
Assalam o Alaikum Sir (Must).
7. Dont shake hard very firmly/hardly; be well mannered in hand shake.
8. Don't sit on the chair unless he/she tells you to sit.
9. Don't stare at the roof and walls, keep focus on the interviewer.
10. Sit with your legs straight, dont sit with cross legs.
11. Your back must be straight, don't sit in a relaxed manner.
12. Don't sit with both hands holding each other. Keep them apart.
13. You will be asked to introduce yourself, prepare your introduction.
14. Answer in the same language in which the question is asked.
15. If you are not sure about any answer, say "sorry Sir", avoid guessing.
16. Always give the close-most answer to every Math related question. Don't skip
it.
17. Look into the eyes of the interviewer while answering to show your
confidence.
18. Don't shake your head or move your hands while explaining.
19. Do not laugh if he tries to crack a joke. Just smile.
20. Personal questions will be asked, don't get angry, keep your cool and answer
with logic.
21. Don't play with your dress, tie or shirt.
22. Show patriotism and determination.
23. First think, and then answer. Don't give the answer instantly because that will
be considered a guess. Take your time even if you know the answer.
24. If you don't know the answer, still take your time, and say sorry. Don't say
sorry instantly.
Dear I have interviewed today in Lahore n my experience is as under
there was a panel of three persons and duration was 15 minutes
firstly they asked about income tax ordinance 2001 that how many methods
which can be adopted by individual to pay the taxes. he has a option to adopt or
not.
how many methods of accounting, explain the cash and accrual accounting.
what is the general ledger.
what is the difference between insurance bond and security.
which taxes collected by the federal govt. and explain the indirect tax and its
types.
explain the standing committee of national assembly.

explain the functions of NFC.
How tax collection/ arrears recovery can be improved to increase revenues? By
defining proper penalties for late recovery or non payments... not only by just
making these type of policies but also by strictly implementing these policies too.
Is wealth tax imposed in Pakistan or not? It was...but not now.
If a registered person did not deduct input tax within the relevant period, than
how long he may claim such tax in the return? 6 Tax periods.
What is capital value tax and corporate asset tax? Capital value tax is payable by
any person, which acquire an asset by purchase or right to use for more than 20
years.
Corporate Asset Tax is one time levy payable by a company on value of fixed
assets held by the company on the specified date.
What are the job duties of Inspector inland Revenue? please share. service of
various notices
examination of book of accounts of taxpayers
facilitating the tax culture
assisting the assesing officers in matters relating preparation of draft notices and
assesement orders
recovery
conducting inquiries as per direction of higher authorities
conducting surveys to identify potential tax payers in their respective
jurisdictions of rto
maintaing accuracy in demand register to increase revenues and correct the tax
arreas ' refunds and others tax relating matters.
Procedure of filing tax returns
1.Tax can be filed electronically which is mandatory for all Companies, AOPs,
Sales Tax Registered Persons, Refund Claimants & Individuals having income
under the head Salary. However, all others are also encouraged to electronically
file Return
2.Manually on paper at Taxpayer Facilitation Counter of the respective Regional

Tax Office.
Tax can be paid in any authorized branch of NBP & SBP

How to Prepare for an Interview.
By: Tasawar Bosal

Dear Fellows!
Interview plays a highly significant role in one's selection. Whether the job be
through PPSC, FPSC or through Departmental Selection Process, interview always
proves to be a determining factor in final recommendation. Except for CSS and
PMS in almost rest of the recruitment, most of the times, interview possesses
more marks and weight than the written examination. For instance, traditionally
for a PPSC job, the written test has the share of 50 marks in final selection, while
an interview carries 100 marks. While , generally in FPSC interview is of 200
marks and written test possess 100 marks
On the basis of my personal experience and observation, here, I am going to

share what in my opinion needs to be prepared for an interview. My analysis is
based on my experience which I obtained by appearing in one CSS interview, two
PMS interviews, few PPSC/FPSC interviews, including the interviews for Assistant
Director Intelligence Bureau, Assistant Director Anti-Corruption , Assistant
Director Civil Defense, Labour Officer, Labour Inspector, Excise Inspector, YPIP
interview in State Bank of Pakistan and interview for Assistants post in Foreign
Office . Besides this, I got the privilege of listening to CSS/PMS/PPSC/FPSC
interview experiences of few successful friends.
Brothers! In an interview mere one's knowledge is not checked, rather one's

personality, eagerness for the job, one's expression and communication skills are
also kept in observation along with one's confidence. However, as well as
confidence is concerned, if one has prepared the areas explained below, and
one's communication skills and expression are good , confidence creeps in by
itself automatically.
The very first impression is created by the appearance. Therefore one should be
formally dressed . Next, greeting the panel in a decent, confident and a
mannered way makes the conditions favorable further for the candidate.
As well as PPSC and FPSC interviews are concerned broadly speaking, the
following are the broader areas which usually come under discussion in these
interviews.
1- Introduction
2- Domicile District Profile.
3- Qualification Related Questions, Largely regarding subjects in graduation and

Masters, Particularly about the Major subject in ones final degree.
4- Job Nature and Department Related Questions.
5- Opinion and Information on Contemporary Issues.
6- General Knowledge based Quiz Type Questions mostly from Pakistan Studies
and Islamic Studies.
Here I briefly explain these areas one by one.
1 - Introduction.
After the formal greetings, the PPSC member who is presiding over the interview
panel usually asks the candidate to introduce himself with the Panel.
Introduction should be brief but comprehensive and precise and presented in

such a way as it generates an interest of the panel in the candidate. Remember
both content and presentation matter here. For capturing the interest of the
panel, don't forget to mention any of your specialty, distinction or achievement
which may distinguish you from others. For instance when I have to introduce
myself, I particularly mention my specialty that often my writings find space in
Dawn and other English newspapers on socio-political issues. Besides that my
Article also made its place in World Times Magazine and I have my blog where all
of my writings I have gathered on one palace . Now this is most likely to catch
the interest of the panel and they may start asking about my writings about
which I definitely can answer impressively. My whole of the Interview of Assistant
Director Civil Defense revolved round it and helped me getting selected.
Complete story of my A.D Civil Defense Interview can be read by clicking on the
underlined. It also contains the specimen how I introduced myself in that
interview. Even in my interview of Assistant Director Anti Corruption the panel
was impressed when I told about my writings and here also I was able to get
selected.
Secondly, I will tell my achievements that I qualified CSS once and PMS twice.
Qualifying CSS and PMS , where on one hand speaks about a sort of achievement
on the other it tells about the struggle also which I have been making and that
also not bad one. Now they may ask questions on these also which obviously one
can answer comprehensively. Like in my interviews, I have been asked about my
CSS/PMS subjects and about my experience.
2- District Profile
Now the second phase is knowledge about one's district. They usually ask about
famous personalities who hailed from your village or area or the district who
made their mark on national or international arena. Besides that, they also ask
about the famous or historic places in that District. Moreover, they also are
expected to ask what is the history of the city, how it has been named and what
are other popular and interesting facts about the District. For example in my
district Alexander fought against Prince Porus and Second Anglo-Sikh War was
also fought here. Secondly, it has been named after A Saint Bahauddin and it got
the status of District in 1993. Moreover, one of the famous Personalities of my
districts is acclaimed Writer and TV Host, Mustansar Hussain Tarar. So, one has to
be cognizant of this sort of facts about ones district. I have been asked all these
things in my various interviews .
3- Academic Background
Then they do ask Questions about your academic background particularly the
final degree. I am always asked questions on literature as I have both my
graduation and masters in English Literature. Especially those who have degrees
in Literature, History, Social work, Pol Science etc or Law, they are definitely
asked questions about their subjects as everyone in the reverend panel usually
possesses the knowledge of the basics of these disciplines. However, usually the
questions asked are not very in depth but sort of popular questions about the
subjects. But still one needs to be prepared for every sort of the questions as the
members of the panels have the discretion to ask anything.
4- Info Regarding Nature of Job and the Department

The most important portion of the interview comes next. In interview panel
including Member PPSC/FPSC, who is presiding over the interview, there are
three to four members in total. One of the members is the person from that
department for which the job you have applied for. To win the job one needs
specially to answer the questions of that person satisfactorily. For that, it is very
necessary that one knows about the department and about the nature of the job.
One if is cognizant of the challenges faced by that department and reforms
which one feels need to be incorporated, and presents all this in a lucid and
precise manner, one can brighten one's prospect of getting selected. For
example I appeared in an interview for the job of Labour officer in PPSC. I should
have known what labour officer is what he has to do and what is labour
department. What are labour laws and what is I. L. O. But I didn't prepare these.
This blunder proved fatal for me. In one of my PPSC interview for Information
Officer BS 17 (Planning and Development Department Punjab), when the
member asked about the department and I was blank, he remarked that
Gentleman is this your level of seriousness that you have come here for the
interview of a 17 grade job and you have not bothered to collect even the basic
information about the department. I was not selected. But I learned a good
lesson. While at the time of my Interview of Assistant Director Anti Corruption, I
answered the questions on this area properly and I now have been selected as
Assistant Director Anti-Corruption. I have keenly observed that If one performs
satisfactory in this part, there are abundant chances that one may get enviable
marks in Interview. Importantly, this also speaks volume for your keen interest in
the job you are seeking and this leads to a favorable result for you.
5- Opinion on National and International Current Issues.
Now they may also ask about current affairs or contemporary national or
international issues. One is not expected to have a detailed knowledge of these.
However, one should be abreast of the basic info regarding these matters.
Beware; when they are seeking your opinion about an issue or matter, it better
should be genuinely your personal opinion. One more thing is very important
that you must not skip such questions and you should necessarily give your
thoughts. However, if the question is regarding checking your knowledge or
information you may skip by saying sorry in a polite and decent fashion you do
not know.
6- Quiz Type General Knowledge Questions
Sixthly, they may ask Quiz type questions about Pakistan Studies and Islamic
Studies. Like who were the members of Boundary Commission. When
constitution was first abrogated. Who is the First Mujaddad. On your answering
they may ask your opinion also. For instance, was the demarcation of Boundary
Commission based on facts ? I would again say that always respond compulsorily
to the opinion based questions while you may say sorry on quiz type questions.
Usually here the interview ends.
Note: Let me make it clear that these are the broader areas which are mostly
discussed in the interviews. However, the order of asking questions on these
broader areas may be changed. Secondly, it is not necessary that they would
follow this scheme always. However, for appropriate preparation of the interview,
one must prepare these areas necessarily on priority basis.
For any further query, you may ask in comments.
Best of Luck to All of You

Regards : Tasawar Bosal
What is rate of further tax as pet sales tax act 1990. Its 2% cnfrm according to
finance act 2015. 2 % in case of exciseable goods. no supplies made to
unregistered person.
who is finance secretary of revenue division. Chairman FBR. Mr. Nisar
Muhammad Khan.
Who is head of LTU and RTO. Head of LTU and RTU chief commissioner(Large
taxpayer unit,regional tax officer)
Normal tax year is a period of twelve months ending on the 30th day of June and
is denoted by the calendar year in which the said date falls. Transitional tax year:
If a normal tax year or special tax year changes then the period from the day
next following the last full tax year to the date of commencement of new tax
year shall be treated as Transitional Tax year.
Transitional tax year: If a normal tax year or special tax year changes then the
period from the day next following the last full tax year to the date of
commencement of new tax year shall be treated as Transitional Tax year.
Any person discontinuing a business shall give the Commissioner a notice in
writing to that effect within fifteen days of the discontinuance.
Where salary income for the tax year is five hundred thousand rupees or more,
the taxpayer is required to file return of income electronically in the prescribed
form and it shall be accompanied by the proof of deduction or payment of tax
and wealth statement.
Filing of return are following
Company if Year-end on January, February, March, April or June Return file:
Same Year, Up to 31, December
Company if Year end on July, August, September, October, November or
December.
Return file on: Up to September Next Year
Salaries Class: Year is July to June
return file Up to August 31, same year
Other Class: Return file on 30th September same year.
In all of the above cases when return date starts
July to December
July to September
July to August
So July is the first day when Return has to be filed in all cases
Q What is the time of filing of return of other class, I mean other than salaried
class and Company?
Ans. 30th September same year
Q. What is the time of filing of Salaried class return?
July 1, 2001 to June 2002
Answer: 31, August, 2002. Same year

Q. If Company tax Year starts from January and end on December then when a
company files return? January 2001 to December 2002
Ans.September 30, 2003 in the next year.
Q. If Company tax Year starts from July and end on June then when a company
files return? July 2001 to June 2002
Ans. December 31, 2002 on the same year.
Now lets start with
RETURN ASSESSMENT AND APPEALS
(i)
Recovery out of arrears/current demand.
(ii)
Conducting inquiries & submitting reports.
(iii)
Conducting int. & ext. survey of jurisdiction.
(iv)
Ensuring accuracy of demand registers.

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All hav same meaning...

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Sub-components & Components for Electrical Capacitors

(1) Silicon Rubber Seals 4016.9320: 15 percent

Customs duty on import of raw material for import of manufacturing or

Agricultural Pesticides Ordinance, 1971(II of 1971), stabilizers, emulsifiers and

(1) Xylol (xylenes) 2707.3000

(26) Diethylamine and its salts 2921.1990

(49) Ingredients for pesticides 2930.9070

(77) Non ionic surface active agents 3402.1300

(iii) Following raw materials for manufacture of Technical Grade Emamectin

(1) Ethyl alcohol 2207.1000: 10 percent

Stearic Acid/ Distilled Fatty Acid (DFA)

Palm Stearin 1511.9010: 5 percent

Cold Rolled Coils (CRC) or G.I sheet / coils

Insulation Varnish (Polyurithene / Polyester / Polyesterimide with Baking

Grain Oriented Electrical Steel Sheet 7225.1100, 7226.1100: 10 percent

Non Grain Oriented Electrical Steel Sheet 7225.1900, 7226.1900: 5 percent

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This is a major deviation as deemed / practical acceptance of single value has

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7. ALTERNATE DISPUTE RESOLUTION

With a view to improve the Alternate Dispute Resolution mechanism, following

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- Board is required to pass an order on the recommendation of the Committee

8. RECOVERY OF TAX BY WAY OF FREEZING BANK ACCOUNT