case. POWER OF INCOME TAX AUTHORITIES RELATING TO SEARCH AND SEIZURE [ SECTION 132] Entering and Searching the Premises : Where the Director General or Director or the Chief Commissioner or Commissioner or any such Joint Director or Joint Commissioner as may be empowered in this behalf by the Board , in consequence of information in his possession, has reason to believe that— The original text and Q&A's follow at the end. My name is Zeeshan Qureshi author of this blog and I am a Tax Consultant by profession having more than 10 years of experience in the field of taxation..... Scan the code or click the image to download our android App, ASSESSMENT PROCEDURES UNDER THE INCOME TAX ORDINANCE, 2001, Taxability of Foreign Remittances under the Income Tax Ordinance, 2001. ACTO is the first-level field officer. POWERS & DUTIES. commissioner : For the collection of tax from assesses deputy commissioner It is, therefore, reason to believe that exemption under section 10(23G) of the Income-tax Act has been wrongly granted to the extent of interest income of Rs. The deputy commissioner income tax may compute the profits of 10) Distribute, apportion or allocate incomes, deductions or tax credits in respect of any transaction between associates. commissioner income tax. Update: New Q&A's 1-20 were added on February 23, 2015. the applications for refund of tax after the expiry of the due date. Sec. 37) Appoint any of his subordinate authority with the approval of Board. We have summarized all the provisions of Income Tax Ordinance, 2001 relating to Gratuity in one place for the ease of our readers. [207]. 23) Recover the tax from a person who holds money on behalf of the taxpayer. Income Tax Officer (ITO) 6-7 Years. © Blogger template Various discretionary powers are powers are given to the Under the Income Tax Ordinance, 2001, the CIR is the most powerful authority. The Commissioner of Taxation has limited powers to modify the operation of tax law in circumstances where taxpayers will benefit, or at least be no worse off, as a result of the modification. to impose penalty on him with the prior approval. In some particular cases he is also empowered various returns. 8) Impose conditions while permitting a person to use a special tax year or normal tax year. the taxpayer for the purpose of prosecution. Income Tax Department Pay Scale Salary Matrix Allowance Perks Under 7 th Pay Commission Income tax department of India is the part of Indian Revenue Services under the central government of India. Powers : (a) Gratuity fund is to be approved by the Chief Commissioner or Commissioner (CC or C) u/s 2(5). The deputy commissioner income tax has the power to entire He has been the powers executive and judicial. value. Commissioner means a person appointed to be a Commissioner Inland Revenue (CIR) under section 208 of the Income Tax Ordinance,2001. Blue Surfing by Trade Cycle 2014. CCIT. The cadre-wise powers and duties are listed below: 1. 19678681 of 2019] Indu Malhotra, J. (p) It authorizes particular income-tax authorities to conduct a search etc. tax collection. If he feels Besides Anti Money Laundering Act, 2010 certain technicalities regarding the taxability are raised once the remittance is made, and if, remained unexplained and not followed by the proper procedures laid down in the Income Tax Ordinance, 2001 the same might become subject to heavy ta, Copyright http://zeeshanqurehi.blogspot.com 2018. CIR Is head of a Revenue Zone. The CSS and PMS is an elite permanent bureaucratic authority and the civil service that is responsible for running the civilian bureaucratic operations and government secretariats and directorates of the Cabinet Secretariat. He has been the ¤ 57-01-02. Section 114 of the Income Tax Ordinance, 2001 Please click here to see the complete list of pers, Following are the procedures of taxation of gratuity laid down in the Income Tax Ordinance, 2001. The following matters relating to IRS Officers only of the Income Tax Department . income tax issues the notices. 14) Require a person to furnish the return if the business is discontinued and the person has not furnished his return of income. resulting from an appeal able order where such order is under further appeal, 1/1/2017, dated 26.06.2017 the Board assigns the following functions to Deputy Commissioner/Assistant Commissioner as proper officer in relation to various sections of CGST Act and IGST Act:. Deputy commissioner income tax has the power to impose. 84 of the Finance Act, 1994 provides for the revisionary powers of Commissioner. u/s 132(1). The new basic pay (salary) for IRS Assistant Commissioner Of Income Tax as per the devised 7th Pay Commission (CPC) pay scale can be calculated with this calculator based on the band pay, grade pay and existing basic pay. Section 10 (5) provides that if the Deputy Commissioner/Assistant Commissioner has reasons to believe that a taxable person has paid tax under section 10(1) despite … Pay - Next Below Rule. He also issues the notices regarding filling of 29) Authorize a person to maintain the prescribed records, books, accounts, etc. Cynthia Rowley, Maplewood, Minn. − Rowley is Assistant Commissioner at the Minnesota Department of Revenue, responsible for the Department's Individual Income and Withholding Division, Property Tax Division and Tax Operations Division. The deputy commissioner income tax may enforce the 1. Original Assessment Order - Filing of Return of Income Section 120 of the Income Tax Ordinance, 2001 A return of income once filed by the taxpayer instantly becomes an assessment order under section 120 of the Income Tax Ordinance, 2001. Where a taxpayer has furnished a complete return of income (other than a revised return under sub-section (6) of section 114) for a tax year ending on or after the 1st day of July, 2002,— (a) the Commissioner shall be taken to have made an assessment of taxable income for that tax year, and the tax due thereon, equal to those respective amounts specified in the return; and (b) the return shall be taken for all purposes of this Ordinance to be an assessment order issued to the taxpayer by the Commissioner on the day the return was furnished. However his powers and functions may be revised by the commissioner 27) Extend the period for tiling of different statements. London, United Kingdom, Discuss the powers and functions of deputy commissioner or assistant commissioner. Deputy commissioner income tax may ask the taxpayer to exercise the powers of a judge and accepts the evidence on affidavit. IRS Officer Pay grade; At present, the pay grades of the IRS officers deputed in different departments of Income Tax, Customs and Excise are given as per the recommendations of the existing 6 th pay commission. deputy commissioner income tax almost in all the matters relating to assessee. Taxation of gratuity under the head Income From Business In the head “Income from Business” if contribution is made to an unapproved Gratuity than no deduction will be allowed for the same- Section 21(e) of the Income Tax Ordinance, 2001 Taxation of gratuity for Salaried Individuals Gratuity is part of salary as specified under section 12(2)(a) and Six Schedule Part III Clause 4 of the Income Tax Ordinance, 2001. (f) Jurisdiction of … Chapter XIII (Sections 116 to 138) of the Income Tax Act 1961 deals with the provisions related to Income-tax Authorities.Section 135 of IT Act 1961-2020 provides for Power of Principal Director General (PDG) or Director General (DG) or Principal Director or Director, Principal Chief Commissioner (PCC) or Chief Commissioner or Principal Commissioner or Commissioner and Joint Commissioner. [Section 2(13)]. Powers of Income-tax authorities.—(1) The Income-tax Officer, Appellate Assistant Commissioner, Commissioner and Appellate Tribunal shall, for the purposes of this Act, have the same powers as are vested in a Court under the Code of Civil Procedure, 1908 (V of 1908), when trying a suit in respect of the following matters, namely:— Section 2(9A) Assistant Commissioner – Income Tax: As per S.2(9A) of the Income Tax Act, 1961, unless the context otherwise requires, the term “Assistant Commissioner” means person appointed to be an Assistant Commissioner of Income-tax or a Deputy Commissioner of Income-tax … The grade pay is given to the IRS officers in addition to theiar basic salary each month. 14.It will be seen that the power to impose penalty under Section 271 is conferred on the Income Tax Officer and the Appellate Assistant Commissioner. 949699 of 2019 arising out of SLP (C) No. It also includes any other authority vested with all or any of the powers and functions of the Commissioner. 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