Deduction / Payment of Tax Chapter- 23
(2) For the purposes of sub-clause (i) of clause (a) of sub-rule (1), a degree conferred by a
prescribed institution that is a foreign university or institution shall only qualify if the degree is
equivalent to a degree conferred by a Pakistani university and is recognized as such by a
Pakistani university.
(3) In this rule,
(a) "Institute of Chartered Accountants of Pakistan" means the Institute of Chartered
Accountants of Pakistan constituted under the Chartered Accountants Ordinance, 1961;
(b) "foreign institution" means any institution in a foreign country authorized to grant a degree
under the laws of the country;
(c) "foreign university" means any university in a foreign country incorporated by law, or
accredited or affiliated by any association of universities or college in the country or by
any authority formed for that purpose under the laws of that country;
(d) "prescribed accounting examination" means any of the following examinations, namely:-
(i) an examination equivalent to the intermediate examination conducted by the
Institute of Chartered Accountants of P
(ii) an examination equivalent to the intermediate examination conducted by any
foreign institute of chartered accountants and recognised by the Institute of
Chartered Accountants of Pakistan as equivalent to its intermediate certificate;
(iii) an examination equivalent to the final examination conducted by the Association of
Chartered Certified Accountants, United Kingdom; or
(iv) Part-III of examination for Cost and Management Accountants conducted by the
Institute of Cost and Management Accountants under the Cost and Management
Accountants Act, 1966;and
(v) Certified public accountants of USA.
(e) "prescribed institution" means a university incorporated by any law in force in Pakistan or
Azad Kashmir, a foreign university or a foreign institution.- Registration of income tax practitioners [Rule 87]
On receipt of an application under rule 85, the Director General, Regional Tax Office may make
such further enquiries and call for such further information or evidence as may be considered
necessary.
If the Director General, Regional Tax Office is satisfied that an applicant qualifies to be
registered as an income tax practitioner, the Director General, Regional Tax Office shall cause
the applicant's name to be entered in a register to be maintained for the purpose in the office.
The name of a person entered on the register of income tax practitioners shall be notified to the
Commissioner and the Appellate Tribunal.
The Director General, Regional Tax Office shall notify the applicant, in writing, of the decision
on the application.
Where the Director General, Regional Tax Office decides to refuse an application for
registration, the notice referred above shall include a statement of reasons for the refusal.
Duration of registration [Rule 88] Registration of a person as an Income Tax Practitioner shall
remain in force until any of the following occurs, namely;-
the person surrenders the registration by notice in writing to the Director General, Regional Tax
Office.
the person dies; or
the person's registration is terminated by the Director General, Regional Tax Office.
Cancellation of registration [Rule 89]