NOTIFICATION (Income Tax) S.R.O. 1226(1)/2018 (Value of Minerals)

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GOVERNMENT OF PAKISTAN REVENUE DIVISION FEDERAL BOARD OF REVENUE ***** 
Islamabad, the 5th October, 2018. 

NOTIFICATION (Income Tax) S.R.O. 1226(1)/2018.- The following draft of certain further amendments in the Income Tax Rules, 2002, which the Federal Board of Revenue proposes to make in the exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), is hereby published for the information of all persons likely to be affected thereby, as required by sub-section (3) of the said section 237 and notice is hereby given that the draft shall be taken into consideration by the Federal Board of Revenue after seven days of its publication in the official Gazette. 

Any objection or suggestion, which may be received from any person, in respect of the said draft, before the expiry of the aforesaid period, shall be considered by the Federal Board of Revenue.

DRAFT AMENDMENTS 

In the aforesaid Rules, in Chapter XIX, after rule 231 H, the following new rule shall be added, namely:-

"2311. Values of minerals for the purpose of sub-section (4) of section 236V of the Income Tax Ordinance, 2001. — The values of minerals specified in column (2) of the Table below for the purposes of sub-section (4) of section 236V of the Ordinance shall be as specified in column (3) thereof, namely: —




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