1. FBR has finally agreed to suspend the operation of SRO 821(I)/2011dated 06.09.2011 requiring manufacturers, importers and exporters to indicate NTN / CNIC No. of their buyers on their invoices and in their sales tax returns. The requisite letter is likely to be issued on Monday, the 24^th of October, 2011.

2. FBR has issued SRO No. 978(I)/2011 dated 21.10.2011 vide which amendment has been made in SRO 850(I)/2011. As per the amending notification, the taxpayers will only provide a lump sum figure as “personal and house hold expense” at serial No. 9 of Annex-D (Details of personal expenses for Individual) of the income tax return form for Tax Year 2011. They would not provide information about the repair / maintenance of residence, driver / servants, food, clothing, medical, marriages and functions.

1. FBR has issued SRO No. 978(I)/2011 dated 21.10.2011 vide which amendment has been made in SRO 850(I)/2011. As per the amending notification, the taxpayers will only provide a lump sum figure as “personal and house hold expense” at serial No. 9 of Annex-D (Details of personal expenses for Individual) of the income tax return form for Tax Year 2011. They would not provide information about the repair / maintenance of residence, driver / servants, food, clothing, medical, marriages and functions.