74(3) / (4) (Order to grant / refuse permission to adopt special / normal tax year)
Name: Address:
EFG HERMES PAKISTAN LIMITED
Registration No.: 1056313
Office No 904, 9th Floor Emerald Tower Plot No G-19 Block-5, Clifton, Karachi South Saddar Town
Tax Year: 2025
Period: Medium:
01-Jul-2024 - 30-Jun-2025
Online
Contact No.:
00923008239642
Due Date: 27-Mar-2025
Document Date: 27-Mar-2025
Registration Status:
Company
1. Brief facts of the case are that M/S. EFG HERMES PAKISTAN LIMITED,having NTN: 1056313-0 is a Financial And Insurance Activities/activities Auxiliary To Financial Service Activities, Except Insurance
And Pension Funding/security And Commodity Contracts Brokerage. It was registered in Income Tax on 10-04-2000. The registered office of the company is situated at Office No 904, 9th Floor Emerald Tower Plot No G-19 Block-5, Clifton, Saddar Town, KARACHI SOUTH, DISTT:KARACHI SOUTH,SINDH. The company is currently following the normal tax year i.e. year from 1st Jan to 31st Dec.
2. Accordingly, taxpayer has applied for the special tax year. After due diligence in exercise of the powers conferred under sub-section (3) read with sub section (5) of section 74 of the Income tax Ordinance, 2001 approval is hereby accorded to M/S. EFG HERMES PAKISTAN LIMITED,having NTN: 1056313-0 to normal Tax Year for the period comprising from 1st July to 30th June subject to following conditions:
3. Hence the first Tax Year will be denoted as "Normal Tax Year 2025 from 01.07.2024 to 30.06.2025 (Special Tax Year 2025),
4. The transitional period from 01.01.2024 to 30.06.2024 will be treated as Transitional Tax Year in terms of section 74(9) of the Ordinance. The tax deduction will be claimed on the basis of closing of the accounts.
Rizwan Memon Commissioner
Inland Revenue, ZONE-II
CTO KARACHI, TAX HOUSE SHARAH E KAMAL ATA TURK KARACHI
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Printed on Date: Thu, 27 Mar 2025 16:07:
CTO KARACHI, TAX HOUSE SHARAH E KAMAL ATA TURK KARACHI