Tax Book 2023

Income Tax Rules, 2002 Definitions Chapter- 28

Conceptual Approach to Taxes 733

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Covered under this chapter:

• Rule 1 & 2 of the Income Tax Rules, 2002


• All definitions U/R 2 of the Income Tax Rules, 200 2.


• ICMAP & CA Mod C past papers theoretical questions


• Past papers of ICMAP stage IV and CAF-6 students

(FOR CAF-6 AND ICMAP STUDENTS)

Short title, extent and commencement [U/R 1]

 These rules may be called the Income Tax Rules, 2002.

 It extends to the whole of Pakistan.

 They shall come into force on the first day of July, 2002; except rules 3 to 9 which shall be applicable in
respect of income earned on or after First day of July, 2002, and other rules covered by the rule on
“Savings”.

Definitions [U/R 2]

(1) In these rules, unless there is anything repugnant in the subject or context,-

(a) “Federal Board of Revenue” means the Federal Board of Revenue, established under the

Federal Board of Revenue Act, 2007;

Note: Notification No. SRO 1102(I)/91 (Oct 5, 1991) - The reference "Board" wherever

appearing in the Rules includes a reference to "Regional Commissioners of Tax'" and

"Commissioner of Tax", as the case may be.

[(aa) "Computerized Payment Receipt" means a computer generated receipt issued by the State

Bank of Pakistan or the National Bank of Pakistan acknowledging payment of tax;

(ab) "digital certificate" or "digital signatures" means a digital certificate or digital signatures issued

by an agency approved by the^1 Federal Board of Revenue to issue such certificate or

signatures;

(ac) "e-intermediary" means a person registered as,-

(i) Chartered Accountant with the Institute of Chartered Accountants of Pakistan;

(ii) Cost and Management Accountant with the Institute of Cost and Management

Accountants of Pakistan;

(iii) a legal practitioner entitled to practice in any Court in Pakistan;

(iv) a member of the Association of Chartered Certified Accountants, UK; or

PRELIMINARY

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Chapter