Karachi Stock Exchange (Guarantee) Limited’s notice of Payment of Capital Gain U/S 147 of the Income Tax Ordinance, 2001 Filing of E-Statement
Karachi: I am directed to refer to your letter No.KSE/GOVT-4270 dated July 06, 2011 on the above subject and the meeting of your representative Mr. Abdul Qadir Memon, ITP with the Chief Commissioner Inland Revenue, Regional Tax Office, Karachi and the Commissioner Inland Revenue, Zone-I, RTO, Karachi on 12/07/2011 on the above subject.
2. I am further directed to say that during the said meeting, Mr. Abdul Qadir Memon dilated the Issue and informed that there are practical difficulties in the e-filing of quarterly statements under section 147 (5B) of the Income Tax Ordinance, 2001 and therefore, requested to permit filing of capital gain statement manually for the 4th quarter ended June 30th, 2011.
3. In view of your submission, I am further directed to say that your members may file the said statement for the 4th quarter ended June 30, 2011 manually along with tax payment challans. It may however be noted that manual filing of statement does not absolve the taxpayers from filing their statements through FBR web portal and other tax liabilities that the taxpayers may incur under the Income Tax Ordinance, 2001.
For more information, contact:
Ahmed A. Mitha
Chief Financial Officer
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136