Authoritiesof Income Tax

Income Tax Authorities

The Federal Board of Revenue

Definition

"Federal Board of Revenue" agency the Federal Board of Revenue (FBR) accustomed beneath the Federal Board of Revenue Act, 2007.

Who appointed the FBR?

The Federal Government has appointed the Federal Board of Revenue (FBR) by the ascendancy of the Federal Board of Revenue Act, 2007.

Basic action of the FBR:

Tax accumulating shall be the basal action of the FBR.

Status of the FBR:

FBR shall be the accomplished controlling ascendancy in Pakistan.

Head of the FBR:

Chairman of the FBR shall be the capital ascendancy in the FBR who shall be appointed by the Federal Government.

Members of the FBR:

FBR shall abide of at atomic seven associates who shall be appointed by the Federal Government.

Powers and Functions of the Federal Board of Revenue (FBR):

The FBR has afterward admiral and performs the afterward functions in the attendance of its powers:

1) Approval of analysis institutions: [26(2)]

The FBR may accept any academy affianced in accurate analysis in Pakistan as “Scientific Analysis Institution” so that such academy may affirmation its accurate analysis expenditures as answer adjoin assets from business.

2) Approval of agent training scheme: [27(c)]

The FBR may accept a Pakistani agent training arrangement adjoin which answer is accustomed to business.

3) Approval of Leasing Companies and Modaraba: [28(3)]

The FBR may accept any leasing aggregation or Modaraba, area charter rental transaction fabricated to such aggregation is accustomed as answer adjoin assets from business to that being who makes such payment.

4) Approval of accommodating institutions: [61]

The FBR may accept any academy as a accommodating academy for the purposes of the Assets Tax Ordinance, 2001, especially, for donation purposes.

5) Method of accounting: [32(3)]

The FBR may specify that any chic of bodies shall almanac its "Income from Business" on a banknote or accretion basis.

6) Apportionment of deductions: [67(2)]

The FBR may accomplish rules u/s 237 for the purposes of appointment deductions area the amount relates to the ancestry of added than one arch of income.

7) Permission for tax year: [74]

The FBR may admittance being or chic of bodies to use appropriate tax year instead of accustomed tax year.

8) Power to appeal accurate data: [180]

The FBR may appeal any abstracts apropos exempted assets of any automated and bartering alignment (By accustomed abstracts accumulating and accumulation albatross to any government or clandestine department)

9) Ascendancy of circulars: [206]

The FBR may affair circulars to accomplish bendability in the administering of the Ordinance and to accommodate advice to taxpayers and admiral of the FBR.

10) Empowerment of accepted administration:

The FBR shall exercise the accepted administering of the Assets Tax Ordinance, 2001.

11) Appointment of assets tax authorities: [208]

The FBR may accredit as abounding assets tax authorities as are necessary.

12) Archetype for alternative of audit: [177(1)]

The FBR may ascertain archetype to adviser the Commissioner of Assets Tax that how the CIT baddest a accurate being to conduct analysis of its assets tax diplomacy during a accurate tax year.

13) Appointment of the auditor: [177(8)]

The FBR may accredit a close of Chartered Accountants, to conduct an analysis of the assets tax diplomacy of any person.

14) Determination of the ambit of audit: [179(8)]

The ambit of any analysis conducted by close of Chartered Accountants or Cost and Management Accounts shall be bent by the FBR on a case to case basis.

15) Determination of jurisdiction: [209(6)]

Where a catechism arises as to whether a Commissioner has administration over a being or not, the catechism shall be absitively by the RCIT or RCITs anxious and, if they are not in agreement, it is bent by the FBR.

16) Ascendancy of approval: [212]

The FBR may accredit the RCIT or the CIT to admission approval on account of the FBR.

17) Allotment of assets tax practitioners: [223(10)]

The FBR may accomplish rules u/s 237 for the allotment of assets tax practitioners.

18) Power to accomplish rules: [237(1)]

The FBR may, by notification in the Official Gazette, accomplish rules for accustomed out the purposes of the Assets Tax Ordinance, 2001.

19) Delegation of powers: [209(2)]

The FBR may agent all or any of its admiral and functions to any assets tax authority.

20) Alien assets or assets:

The FBR may accomplish rules u/s 237 for the action of taxation of any alien assets or asset of any being apparent by any assets tax authority.

21) Supervision of accessory authorities:

The FBR supervises the functions, duties and administration of its accessory authorities.