Income Tax Law may be amended

Published June 3, 2003

ISLAMABAD, June 2: The government is considering various proposals to introduce further amendments in the new income tax law 2001 to make it more user-friendly.

A senior official told Dawn on Monday that a committee of senior officials has been constituted to give final touches to the proposals received from all the stakeholders.

These proposals, after vetting, would be incorporated in the new income tax law to be effective from July 1, 2003 through the finance bill 2003-04, the official said.

Elaborating, the official said that changes are mostly aimed at improving the editorial language of the new law and making explanations more understandable for the taxpayers.

The committee would also consider the proposals of reducing the litigation process in the dispute related cases, which resulted into harassment of the taxpayers.

The official said the introduction of self-assessment scheme would encourage voluntary compliance, which would reduce the chances of harassment.

For the effective implementation of the system, the official said the committee is also considering various proposals for improving the effectiveness of the present dispute resolution system not only to meet the difficulties arising under the present system but also to provide a needed adjustment to a modern self-assessment scheme.

Opinion

Editorial

A difficult story
Updated 12 Jun, 2026

A difficult story

Unless productivity becomes the dominant target of economic policy, Pakistan will continue to oscillate between crises and fragile recovery.
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...
GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...