Income Tax Commissioner

Definition

"Commissioner" agency a getting appointed as a Commissioner of Assets Tax (CIT) u/s 208, and includes a Taxation Officer vested with all or any of the powers, and functions of the Commissioner.

Who appoints the Commissioner?

Commissioner is appointed by the FBR u/s 208 of the Assets Tax Ordinance, 2001.

Basic action of the Commissioner:

Commissioner performs all such functions as are adapted by any accouterment of the Assets Tax Ordinance, 2001 and as directed by the FBR.

Powers of the Commissioner:

Briefly speaking, the Assets Tax Ordinance, 2001 revolves about the Commissioner because lot of admiral has been accepted beneath such Ordinance to the Commissioner beneath the Assets Tax Ordinance, 2001.

Who supervises the CIT?

FBR and RCIT beneath whose jurisdiction, the Commissioner works, administer the Commissioner of Assets Tax.

Jurisdiction of the Commissioner:

i) If CIT is appointed for a specific area, the CIT shall accomplish his functions aural his jurisdiction

ii) If CIT is not appointed for a specific area, the CIT shall accomplish his functions in account of such bodies or classes of bodies or such breadth as the FBR may absolute him.

Note: Assets Tax Ordinance, 2001 aswell permits the appointment of work. If some plan of Commissioner is delegated to a Taxation Officer such Taxation Officer may adore all admiral of the Commissioner.

Powers and Functions of the Commissioner of Assets Tax:

1) Change in adjustment of accounting [32(4)]

The Commissioner may acquiesce a change in adjustment of accounting, if the CIT is annoyed that the change is all-important to acutely reflect the person's assets accountable to tax beneath the arch "Income from Business".

2) Change in banal appraisal adjustment [35(6)]

The Commissioner may acquiesce a getting to change its banal appraisal method.

3) Allowability of Adapted Tax year [74(3)]

The Commissioner may acquiesce a getting to use adapted tax year, alone if the getting has apparent a acute allegation to use adapted tax year.

4) Allowability of Accustomed Tax Year [74(4)]

The Commissioner may acquiesce a getting to use accustomed tax year instead of adapted tax year, alone if the getting has apparent a acute allegation to use accustomed tax year.

5) Imposition of altitude apropos tax year [74(5)]

The Commissioner may accredit assertive altitude while allowing a getting to use a adapted tax year or accustomed tax year.

6) Withdrawal of permission to use a specific tax year:

The Commissioner may abjure the permission accepted to a getting in account of application the specific tax year (special tax year or accustomed tax year), afterwards accouterment the befalling of getting heard.

7) Transactions amid assembly [108(1)]

The Commissioner may, in account of any transaction amid associates, deliver apportionate or admeasure income, answer or tax credits.

8) Alien assets or assets [111]

The Commissioner may allegation to tax the amount of any alien assets or asset and actuate the amount if it has been declared beneath than the fair bazaar amount (FMV).

9) Issuance of apprehension for filing of acknowledgment [114(3) and (4)]

The Commissioner may affair a apprehension to a getting for filing a return.

10) Issuance of apprehension to accouter Abundance Account [116(1)]

The Commissioner may affair a apprehension to any getting to accouter a abundance statement.

11) Addendum of time [119]

The Commissioner may admission the appellant an addendum of time for capacity the return, certificate, or account etc.

12) Best acumen appraisal [121]

If the tax payer has not furnished adapted acknowledgment or any added document, the Commissioner may accomplish best acumen appraisal order.

13) Amended appraisal adjustment [122]

The Commissioner may alter an aboriginal appraisal adjustment by authoritative all-important alterations or additions.

14) Accretion of tax from behind tax payer [138]

The Commissioner may yield all all-important and adapted accomplishments for accretion of tax from a behind taxpayer

15) Accretion of tax from added getting on account of aborigine [140]

The Commissioner may balance the tax from a getting who holds money on account of the behind taxpayer

16) Power to access and seek bounds [175]

The Commissioner may access in any business bounds of the aborigine aural his administration to accomplish any assignment which is accounted fit for the Assets Tax Ordinance, 2001.

17) Power to baddest a getting for analysis [177]

The Commissioner may baddest a getting for analysis of his assets tax affairs.

18) Imposition of penalties [Part-X of Chapter-X)

The Commissioner may accredit penalties for altered defaults discussed beneath Part-X of Chapter-X of the Assets Tax Ordinance, 2001.

19) Imposition of added tax [205]

The Commissioner may accredit added tax if the tax payer fails to pay the tax by due date

20) Appointment of subordinates [208(2)]

The Commissioner may accredit of his any accessory ascendancy by the approval of the FBR.

21) Appointment of powers:

The Commissioner may agent to any Taxation Officer all or any of its admiral or functions, added than the admiral of delegation.

22) Appointment of able [222]

The Commissioner may accredit any able for the purposes of analysis or appraisal etc.

23) Recognition / approval of funds:

The Commissioner may admit the provident fund, superannuation armamentarium and alms armamentarium etc. beneath the Assets Tax Ordinance, 2001.

24) Supervision of accessory authorities:

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