Study Points

Income Tax

Discuss the jurisdiction, Powers and Function of Income Tax Commissioner

Commissioner Of Income Tax   He is an important income tax authority which has executive and judicial powers. The …

Income Tax

What is the meaning of Appeal. Explain the various authorities to whom appeal is made under the income tax ordinance

Appeal  Sometime income taxpayer or income tax authority in not satisfied with an order passed under the income t…

Income Tax

Write a not on Appeal to supreme court

Appeal to supreme court  If high court certifies the the case is fit to be taken before supreme court then any p…

Income Tax

What is the procedure of filing an appeal in the High Court

Appeal Before High Court : If taxpayer or commissioner is not satisfied with the decision of the Appellate tribu…

Income Tax

Discuss the legal provisions regarding the appeal to the Appellate Tribunal and How Tribunal disposes of the appeal or discusses the function of Tribunal

Appeal to the Appellate Tribunal The assessee can make a second appeal to the Appellate Tribunal if the is not …

Income Tax

Explain the penalties regarding the following cases or Different penalties are imposed regarding the different offenses in the income tax law 1. Penalties for failure to furnish the return of total income 2. Failure to Furnish statement 3. Failure to maintain prescribed Accounts

(1) Penalty for failure to furnish Return of total income : If any person fails to furnish the return of his tota…

Income Tax

Explain the various modes of deduction of tax at source under income tax ordinance

Deduction of tax at Source It is very important mode of collecting the It is necessary for certain persons to ded…

Income Tax

Discuss the legal provisions regarding the filling of appeal to appellate commissioner or How he disposes of the appeal

Appeals To Commissioner Of Income Tax :- If assessee is not satisfied, he may submit an appeal against the comm…

Income Tax

Write a note on income tax appellate tribunal

Appellate Tribunal :- This tribunal is appointed by the federal govt. If taxpayer or commissioner is not satisfi…

Income Tax

Discuss the powers and functions of deputy commissioner or assistant commissioner

Deputy Commissioner Income Tax :- In the income tax department deputy commissioner income tax is very important …

Income Tax

Powers and functions of regional commissioner of income tax

Regional Commissioner Of Income Tax :- The regional commissioner of income tax is appointed  by the CBR. He a…

Income Tax

Power and functions of the central board of revenue (CBR)

Central Board of Revenue ( CBR ) :- It is the highest executive authority of income tax law for the purpose of …

Income Tax

How the income tax is recovered from the defaulters and refunded

Sometimes any person fails to pay the tax then it is recovered in the following manners : RECOVERY THRO…

Income Tax

Write a note on the following 1.Return of income in assessment 2.Ammendment in assessment 3.Provisional assessment 4.Assessment if return is not finished 5.Assessment of disputed property

RETURN OF INCOME AS ASSESSMENT :- If the return of income presented by the tax payer is accepted without …

Income Tax

Define the term Assessment and explain the procedure of filling the return under the income tax ordinance. Who should file the return and when it should be submitted

Assessment :- It means a complete scrutiny of the information’s provided by the taxpayer  in his return. So t…

Income Tax

Explain the term Income from other sources with examples or What are the allowable deductions from Income from other sources

Income From Other Sources :- Any taxable income which can not be included in the previous five heads, Such as s…