Simple Exemption certificate request letter - Under Section 153

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Dear Sir,

SUB:   REQUEST FOR RENEWAL OF EXEMPTION CERTIFICATE UNDER SECTION 153 OF THE INCOME TAX ORDINANCE, 2001.
               

We write to request you to kindly issue Exemption Certificate under section 153 of the Income Tax Ordinance, 2001.

XYZ (Private) Limited was incorporated on ________ as a Private Limited Company and is engaged in the business of establishment, maintenance and operation of XYZ and other related services.

Company’s Assessment for the Tax Year 20__, year ended June 30, ____ has been completed. The tax assessed last year was NIL.

The Company pays minimum tax due to its brought forward losses

The Company’s position is as under:


Estimated Turnover for Tax Year 20__                                                       Rs.   xxx,xxx,xxx
               Minimum tax as discussed above                                                                                 1%
               Tax Payable for Tax year 20__                                                                   Rs.      xxx,xxx
               Less: Refund adjustment for Tax Year 20__                                              Rs.       xxx,xxx
               Balance Tax Refundable                                                                              Rs.         NIL

Therefore, we request you to kindly issue the Exemption Certificate issued under section 153 of the Income Tax Ordinance, 2001 as the refund available for Tax Year 20__ (copy of return acknowledgement for Tax Year 20__ is enclosed) exceeds advance tax liability under section 147 of the Income Tax Ordinance, 2001 for the Tax Year 20__.

Therefore, we request you to kindly issue the exemption certificate up to June 30, 20__ .

We trust the above will meet with your requirements.


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