ISLAMABAD, July 1: The Central Board of Revenue has introduced draft amendments in the income tax rules 2002 to make it on a par with the provisions of new income tax law.

The CBR has sought suggestions, proposals and comments on the draft amendments within 15 days, which after the vetting would be made part of the rules, said an income tax notification SRO633 issued on Tuesday.

The draft amendments reads: “In the aforesaid rules in rule 18, in clause (b), the proviso shall be omitted; in rule 19, in clause (c), the proviso shall be omitted; after rule 30, the following a new rule shall be inserted namely — “30A in particular and without prejudice to the generality of the provisions of rule 29, documents, certificates, etc., to be furnished by companies — every company as defined in clause (b) of sub-section (2) of section 80 shall with the return of total income for that year, furnish a copy of the balance sheet, profit and loss account for that year and an auditors’ report for that year, in Form 35A of the companies (General Provisions and Forms) rules, 1885, prepared and signed by a person who is a chartered accountant within the meaning of the chartered accountants ordinance, 1961 (X of 1961) or a cost and management accountant within the meaning of the cost and management accountants act, 1966 (XIV of 1966). Where a company has not complied with the requirements of sub-rule (1), its income, profits and gains shall be computed on such basis and in such manner as the commissioner may determine”, in rule 45, sub-rule (2) shall be omitted; in rule 54, before the word “QUARTERLY” the figure “55” shall be omitted; in rule 63 shall be omitted; rule 65 shall be omitted and in chapter XVI,- a) in part-II, in the heading, the word “ATTACHMENT” at the end, shall be omitted and in part-III, in the heading the word “ATTACHMENT”, at the end, shall be omitted.