July 05, 2008 update

 This update covers:-

-Circulars. 2008: 03 & 04

-S.ROs. 2008: 655, 681, 693 & 695

-Budget 2008

Following is a brief:-

1.    Circular No. 3 dated July 01, 2008. This is re: Investment Tax Scheme, 2008.

2.    Circular No. 4 dated July 01, 2008. This is re: Tax Arrears Settlement Incentive Scheme (TASIS) 2008.

3.     SRO 655(I)/2008 dated June 23, 2008.  Draft Amendment in Rules for House Rent Allowance.

4.     SRO 681(I)/2008 dated June 25, 2008. Draft Amendment in Rules for Alternative Dispute Resolution.

5.    SRO 693(I)/2008 dated June 26, 2008. Draft Amendment in Rules re: Advance Ruling Committee Reconstitution.

6.    SRO 695(I)/2008 dated June 26, 2008. Amendment in Rules for non-resident owners of ships.

Budget 2008

7.    Changes in the Finance Bill 2008.