The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) that Income Tax Rules 2002 have been amended to issue a new statement to be filed by the tax collecting/deducting agents. In this regard, the CBR has recently issued SRO 678 (I)/2005 and SRO 679 (I)/2005.
The instructions issued on Tuesday pointed out that SRO No 641 has amended the Rules for statements required to be filed by these agents. Instead of different quarterly statements, only one consolidated statement for all types of tax collections and deductions are required to be filed.
However, its format is new for tax collecting/deducting agents and the due date of quarterly statements for the period ending on June 30, 2005 is July 15, 2005.
The CBR has realised the constraint of the tax collecting/deducting agents. To facilitate the tax collecting/deducting agents, it has been decided that statements for the quarter ended on June 30, 2005 may be accepted up to July 30, 2005 without drawing any adverse inference, the CBR added.
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