Name: Waleed Zahid Roll No: F18-1010 BS Accounting&Finance 6 Assignment No 1 Submitted To: Sir Atif Attique Siddiqui

Name: Waleed Zahid
Roll No: F18-1010
BS Accounting&Finance 6th
Assignment No 1
Submitted to:
Sir Atif Attique Siddiqui

Income Tax Authorities
This is necessary for all organizations whether in public or private sector. For the proper administration of
taxation system also, the government needs qualified persons. Income Tax Ordinance ,2001 provide us
the detail of officials and bodies appointed to run the Income tax machinery of the country
INCOME TAX AUTHORITIES

There shall be the following Income tax Authorities for the purposes of this Ordinance and rules made
there under, Namely:
 Board
 Chief Commissioner Inland Revenue
 Commissioner Inland Revenue
 Commissioner Inland revenue (Appeals)
 Additional Commissioner Inland revenue
 Deputy Commissioner Inland revenue
 Assistant Commissioner Inland revenue
 Special Audit
 Officer Inland revenue
 Inland revenue Audit Officer
 Superintendent Inland revenue
 Inspector Inland revenue
 Auditor Inland revenue
Following are the powers and functions of all of these income tax
Authorities:
 Selection and audit of income tax cases.
 Computation and assessment of income tax chargeable.
 Impose penalty on defaulters
 Process complaints of existing tax payers.
 Ensure compliance of filing of statutory returns.
 Communicate assessment and penalty orders.
 Launch prosecution
 Broadening of tax base and booking of new taxpayers.
 Defend appeals
 Receive returns and statements
 Sort and disseminate information and other documents.
 Staff postings and career planning
Federal Board OF Revenue (FBR)
Introduction:
The old name of Federal Board of Revenue (FBR) was central Board of Revenue (CBR).
Income Tax Ordinance,2001, uses the word ‘Board’ for CBR and FBR. Board is the highest
tax authority in Pakistan. It has the Jurisdiction to exercise the General Administration of the
Income Tax
Ordinance,2001. it is constituted under the provisions of the Federal Board
Of Revenue Act, 2007.All other tax authorities are appointed by Board
Power and function of the Federal Board of Revenue.

1. Declare Tax Period
The Federal Board of Revenue can declare a period to be treated as specific Tax year in case
of any person or class of persons or any source of income
2. Appointment of Auditor
The Board appoint a firm of chartered accountants or cost and management
Accounting to conduct the audit of any person.
3. Appointment of Surveyor
The Board can appoint any private agency, firm or company to carry out survey In respect of
specified persons or areas as deemed fit by the Board.
4. Approval of Charitable Institution
It can appose the charitable institutions for the purpose of income tax Ordinance specially for
donation purposes.
5. Approval for Funds
The federal Board of revenue can exercise power regarding recognized Provident funds,
approved superannuation funds and approved gratuity funds
6. Unexplained Income or Asset.
The Board can make rules for valuation and taxation of unexplained Income or Asset.
7. Power Make Rules
The Board has the power to make the rules for carrying out efficient Administration of the
Ordinance by notification in the Official Gazette.
8. Procedures for Furnishing Returns:
The Board determine the procedure for furnishing returns and other documents. Including
on electronic on electronic medium or issuing notes or levy of default Surcharge through
electronic medium.
09. Preparation of prescribed Forms
The board has the power to prepare prescribed forms, etc for the purpose of The Income
tax Ordinance 2001.
10. Distribution of work
It can allocate functions and distribute work to be performed, if the same Function in
respect of the same persons or area has been assigned to two or Income tax authorities
11. Circular issued by Board
For the purpose of the interpretation of the income tax Ordinance, Board many Issued
circulars for the guidance of tax payers and its officials.
12. Selection for audit by the Board
The board has the powers to select person or classes of persons for audit of Income tax
affairs through computer ballot which may be random or Parametric on the discretion of
the Board.
Commissioner Authorities
COMMISSIONER
Commissioner means a person appointed by the Board as Commissioner Inland
Revenue according to the rules and orders of Federal Government.
Power and function of the Commissioner Revenue

1. Tax on retirement payment
CIR allow an employee to pay tax on his retirement payments and golden handshake as
per normal procedure or pay tax on the basis of average rate of Tax based on the three
preceding tax years.
2. Salary in arrears
CIR allow an employee to pay tax on salary received in arrears in the tax year In which
services were rendered.
3. Permission of Tax Year
The CIR can allow a person to use special tax year instead of normal tax year or vice
versa while permitting such change the Commissioner may also Impose any condition.
4. Furnish the Return of Income
The CIR can require a person or his representative to furnish the return of Income
5. Power to require wealth statement
The CIR may require any taxpayer to provide wealth statement.
6. Notice of discontinued business
The CIR can require a person to furnish the return if the business is discontinued and the
person has not furnished his return of income
7. Extension of time furnishing return
The CIR can extent the time for filing the return of income on the written Request of the
tax payer.
8. Amended Assessment order
The CIR has the power to make an amended assessment order
9. Provisional Assessment.
If the tax payer does not file the return of income in spite of a notice by the Income tax
authorities, CIR can make provisional assessment in this case.
10. Notice for collection of tax
CIR issues all notices necessary for collecting of tax from the tax payer. e.g Recovery of
tax from liquidated of a company which has gone into laudation
11. Refund of excess tax paid
Adjust the amount of excess tax paid by a taxpayer and if there is any balance after the
adjustment of any other tax liability refund the same to the taxpayer
12. Appointment of subordinate authority
CIR can appoint any of his subordinate authority with the approval of Board
13. Transfer of Jurisdiction
He is empowered under the law to transfer jurisdiction from one subordinate Income tax
authority to another
14. Recovery of tax
The CIR issue notice to recover the tax from a person who holds money on Behalf of the
tax payer.

Name: Waleed Zahid Roll No: F18-1010 BS Accounting&Finance 6 Assignment No 1 Submitted To: Sir Atif Attique Siddiqui

Uploaded by

Copyright:

Available Formats

Name: Waleed Zahid Roll No: F18-1010 BS Accounting&Finance 6 Assignment No 1 Submitted To: Sir Atif Attique Siddiqui

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Name: Waleed Zahid Roll No: F18-1010 BS Accounting&Finance 6 Assignment No 1 Submitted To: Sir Atif Attique Siddiqui

Uploaded by

Copyright:

Available Formats

Name: Waleed Zahid

Roll No: F18-1010

Sir Atif Attique Siddiqui

INCOME TAX AUTHORITIES

Power and function of the Federal Board of Revenue.

Power and function of the Commissioner Revenue

You might also like