A.   Background  

(1) This refers to our in trail, blue, italic and after double line TLQC 2442 of 2.8.23 about Mode & Manner 236C, 236K & 7E Tax Payment (2) For List of other relevant QCs, please refer to Para C.

B.   Updated Commentary

1. Further to KQU 3843 of 2.4.26, being an important matter, we would inform you about Creation of Withholding Taxes Challan u/s 236C & 236K of Income Tax Ordinance, 2001 for Non-Residents (Attachment 3462.1) in the ensuing paragraph, with emphasis in bold & Underline for quick reading.

2. Please refer to FBR office's earlier letter F. No. 9(16)S(IR-Operations)/2024 dated 25.11.24 (KC: KQU 3134 of 7.12.24 refer Attachment 3462.2) whereby, procedure for creation of PSID and subsequent CPR generation for non-resident individuals holding Pakistan Origin Card (POC) or National ID Card for Overseas Pakistanis (NICOP) to avail the benefit provided under clause 111AC of Part IV of Second Schedule to the ITO, 2001.

3. In this context, it is further stated the PRAL has now implemented and rolled out a completely automated CPR generation system for non-resident individuals who want to avail the exemption under clause 111AC of Part IV to the Second Schedule of the ITO, 2001 and therefore, the previously communicated procedure vide letter dated 25.11.24 (Attachment 3462.2) hereby stand withdrawn, to encourage complete automation of the process and to facilitate the non-residents.

C. List of other relevant TLQCs

(a) 2880 of 26.8.24 about Higher section 236K rate applicable prospectively as per LHC & CIR Appeal effect order

(b) 2435 dated 29.7.2023 about Property WHT u/s 236K & NIL Tax Planning - FA,etc Video.

(c) 2434 dated 28.7.2023 about Property Deemed Income Tax u/s 7E & WHT 236C - FA, etc Video.

(d) 2427 dated 24.7.2023 about 7E Tax Payment Instructions & Expected Rules.

D. Further Details & Services

Should you require any clarification or explanations in respect of the above or otherwise, or require Advance on 4B or 4C, Income Tax, Federal & Provincial Sales Tax or Withholding Tax Statement, Advisory, Return Filing or Review services, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com, asif.s.kasbati@professional-excellence.com.

Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

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