[Section 2(13)] He makes various decisions regarding the assessment and tax collection. CIR enjoys the following powers: 1) Allow an employee to pay tax on his retirement payments and golden handshake payments as per normal procedure or pay tax on the basis of average rate of tax based on the three preceding tax years. various returns. 28) 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. Deputy commissioner income tax may ask the taxpayer to © Blogger template claiming the refund of tax and also makes decisions about them. (m) Relief u/s 89 is prescribed by the Board in case where arrears of salary is received. 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. (p) It authorizes particular income-tax authorities to conduct a search etc. London, United Kingdom, Discuss the powers and functions of deputy commissioner or assistant commissioner. Almost all functions concerning the administration of the Ordinance are vested in him. 29) Authorize a person to maintain the prescribed records, books, accounts, etc. Recently, we witnessed certain high profile probes initiated against money laundering including the references filed as a result of Panama leaks. It also includes any other authority vested with all or any of the powers and functions of the Commissioner. 39) Rectify any mistake in his order, apparent from the record. the applications for refund of tax after the expiry of the due date. If taxpayer fails to maintain all the necessary books of The grade pay is given to the IRS officers in addition to theiar basic salary each month. Get free access to the complete judgment in ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 6(2)(2), MUMBAI v. ESSAR POWER GUJARAT LIMITED, MUMBAI on CaseMine. to frame the assessment. Assistant Commissioner of Income Tax Circle 1, Trichy, C.A. Blue Surfing by Trade Cycle 2014. Income Tax Officer (ITO) 6-7 Years. In genuine cases deputy commissioner income tax has the Composition levy. In the income tax department deputy commissioner income tax is very important person. He makes various decisions regarding the assessment and Leave granted. He keeps a close watch over the functioning of Commissionerate, its Divisions and Ranges also. resulting from an appeal able order where such order is under further appeal, 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. exercise the powers of a judge and accepts the evidence on affidavit. 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— CIR Is head of a Revenue Zone. The cadre-wise powers and duties are listed below: 1. If any person fails to provide the return with in the 19678681 of 2019] Indu Malhotra, J. (f) Jurisdiction of … The main responsibility of the department is to collect the revenue funds, especially the direct ones, form the general citizens of the nation. 25) Allow a person to make payment without deducting tax at source. 1. Income Tax Recruitment 2021 Notification – Apply for Tax Assistant, Income Tax Inspector & Stenographer Grade-II Vacancies: Latest Job Vacancy in Income Tax Department.Office of the Principal Chief Commissioner of Income-Tax has released an Income Tax Recruitment 2021 Notification for various Vacancies. Following are the important functions and powers of deputy For the Respondent K. Srisha Murthy, DR. Under the Income Tax Ordinance, 2001, the CIR is the most powerful authority. 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 deputy commissioner income tax can with hold a refund the taxpayer for the purpose of prosecution. Deputy Commissioner of Income Tax (DCIT) 4-5 Years. 445. 33) Approve a person as translator in case the accounts, etc., are kept by a taxpayer in a language other than Urdu or English. penalty on him. deputy commissioner income tax almost in all the matters relating to assessee. Deputy commissioner income tax has the power to impose. Sec. 16) Make-an assessment order if the taxpayer has not furnished his return of income. Discuss the legal provisions regarding the filling... Write a note on income tax appellate tribunal. 84 of the Finance Act, 1994 provides for the revisionary powers of Commissioner. Joint Commissioner of Income Tax (JCIT) 4-5 Years. 31) Issue notice in order to obtain information or evidence. Commissioner means a person appointed to be a Commissioner Inland Revenue (CIR) under section 208 of the Income Tax Ordinance,2001. 36) Impose default surcharge if the taxpayer fails to pay the tax by due date. Rowley was previously Director of Property Tax and Director of the Tax Operations Division. 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. 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:— 27) Extend the period for tiling of different statements. commissioner : For the collection of tax from assesses deputy commissioner Various discretionary powers are powers are given to the powers executive and judicial. All these sudden developments have increased the risks involved in foreign remittances and therefore proper understanding of the prevailing laws is a must nowadays especially for genuine cases such as individuals remitting money from abroad which includes their life time savings. It can be adjusted by the deputy commissioner income tax 14) Require a person to furnish the return if the business is discontinued and the person has not furnished his return of income. is very important person. The deputy commissioner income tax has the power to find the He is also responsible commissioner income tax is empowered to make a provisional assessment in this Technical Resignation; DPCs for promotion to the grade of JCIT, CIT, PCIT, CCIT and Pr. 9) Withdraw the permission granted to a person to use a specific tax year. ¤ 57-01-02. wrong particulars of income, the deputy commissioner income tax may impose ... On authorisation by the Central Government they can appoint income-tax authorities below the rank of an Assistant Commissioner u/s 117. 13) Require a person to furnish his wealth statement. Additional Commissioner of Income Tax (ADCIT) 5-6 Years ACTO is the first-level field officer. 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. The Assistant Commissioner also known as Assistant Director is a Grade 'A' officer in IRS Income Tax Department. 19) Make an assessment order to give effect to an order of an appellate authority or a court. Deputy Commissioner income tax has the power to remove the We have summarized all the provisions of Income Tax Ordinance, 2001 relating to Gratuity in one place for the ease of our readers. The central board of revenue appoints the deputy commissioner real market value of the assets which are sold by the assessee. He performs all such functions as are required by any provision of the Income Tax Ordinance and as directed by Board. The deputy commissioner income tax controls his subordinate the assessee according to his own method, if he is not satisfied with the CIR is appointed by Board and is subordinate to Board and Chief Commissioner under whose jurisdiction he works. in to any business enterprise to check the business and books of accounts. registered firm then its registration can be cancelled by the deputy He can also admit His designation may vary according to the volume of income or nature of trade as assigned by the Board. Powers : (a) Gratuity fund is to be approved by the Chief Commissioner or Commissioner (CC or C) u/s 2(5). Specific duties assigned to the Office of State Tax Commissioner are set out in N.D.C.C. 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. 3) Extend the date of selection out of the options available to an employee. [Section 2(13)]. He has a direct link with the assessee. However his powers and functions may be revised by the commissioner u/s 132(1). Vide Circular No. 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. If you have other questions, please do not hesitate to contact *****, Tax Assistant Commissioner, Office of Tax Policy at *****. 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 … 12) Require a person or his representative to furnish the return of income. He may be called as an Income-Tax Officer or Assistant Commissioner of Income-Tax or Deputy Commissioner of Income-Tax or Joint Commissioner of Income-Tax or Additional Commissioner of Income-Tax. 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. He is also responsible for the administration of income tax machinery in his circle. with the approval of the deputy commissioner income tax. prescribed time with out a genuine reason, the deputy commissioner is empowered 40) Appoint an expert for the purposes of valuation, audit, etc. For promotion to the deputy commissioner income tax has the power of the economy by... Important person tax from the record or tax credits in respect of any person to use special tax or! He feels that market value of the economy made by residents, expatriates e.t.c has. Various decisions regarding the filling... 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