Dr. Najeebullah, a seasoned BS-20 officer of the Inland Revenue Service (IRS), has been appointed as the Commissioner of the Automatic Exchange of Information Zone (AEOI) in Karachi.
(more…)Tag: Federal Board of Revenue
The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
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FBR transfers 56 BS-19-20 IRS officers
ISLAMABAD:Federal Board of Revenue (FBR) on Friday notified transfers of 56 officers in BS-19 and BS-20 of Inland Revenue Service (IRS) with immediate effect and under further orders.
01. Ishtiaq Ahmed Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Legal) Large Taxpayers Office, Lahore from the post of Commissioner, (Sialkot Zone)Regional Tax Office, Sialkot.
02. Amjad Farooq (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence & Investigation (Inland Revenue), Lahore from the post of Commissioner, (Audit-I) LargeTaxpayers Office, Lahore.
03. Sahibzada Abdul Mateen (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Appeals-II), Karachi from the post of Commissioner, (Zone-III) Regional Tax Office II, Karachi.
04. Sajjad Taslim Azam (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit-I) Large Taxpayers Office, Lahore from the post of Director, Directorate of Law, Lahore.
05. Abdul Rehman Bullo (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence& Investigation (Inland Revenue), Karachi from the post of Commissioner, (Audit-III) Medium Taxpayers office, Karachi.
06. Dr. Tariq Ghani (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Audit-III) Medium Taxpayers office, Karachi from the post of Director, Directorate of InternalAudit (Inland Revenue), Karachi.
07. Muhammad Yasir Pirzada (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Appeals-VI), Lahore from the post of Commissioner, (Zone-III) Regional Tax Office, Lahore.
08. Aftab Alam (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-II), Lahore from the post of Commissioner, (Enforcement Zone) Large Taxpayers Office, Lahore.
09. Imran Munir (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-I), Lahore from the post of Commissioner, Commissioner Inland revenue (Appeals-II), Lahore.
10. Muhammad Abid (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Zone-III) Regional Tax Office, Lahore from the post of Chief, (IR Operations) FederalBoard of Revenue (Hq), Islamabad.
11. Haroon Masood (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (WHT) Regional Tax Office, Abbottabad from the post of Commissioner, (Mardan Zone)Regional Tax Office, Peshawar.
12. Dr. Abdul Rehman Rind (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence& Investigation (Inland Revenue), Hyderabad from the post of Commissioner, (WHT) RegionalTax Office, Hyderabad.
13. Ahmad Kamal (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Sialkot Zone) Regional Tax Office, Sialkot from the post of Director, Directorate of Intelligence & Investigation (Inland Revenue), Lahore.
14. Muhammad Safdar (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Admn Pool) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (District IRZone) Regional Tax Office, Rawalpindi.
15. Muhammad Naveed Akhtar (Inland Revenue Service/BS-20) is presently posted as Commissioner, (Zone-II) Regional Tax Office, Gujranwala. He will also hold the additional charge of the post of CIR (WHT), RTO, Gujranwala as per Rules.
16. Muhammad Majid (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit–I) Corporate Tax Office, Lahore from the post of Chief, (Audit & Accounting) Federal Board of Revenue (Hq), Islamabad.
17. Faisal Rauf Memon (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-IV), Karachi from the post of Director, Directorate Intelligence & Investigation(Inland Revenue), Hyderabad.
18. Ms. Nafeesa Satti (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(ICTO Zone) Regional Tax Office, Islamabad from the post of Commissioner, (WHT) Regional Tax Office, Islamabad.
19. Shakeel Ahmad Kasana (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Enforcement-I) Large TaxpayersOffice, Karachi from the post of Commissioner, (AEOI Zone) Commissioner Inland RevenueAEOI Zone, Karachi.
20. Muhammad Asghar Khan Niazi (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Accounting) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
21. Dr. Muhammad Aslam Mari (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Zone-II) Regional Tax Office II, Karachi from the post of Commissioner, CommissionerInland Revenue (Appeals), Sukkur.
22. Imtiaz Ahmad (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Enforcement) Large TaxpayersOffice, Lahore from the post of Commissioner, (Audit-I) Corporate Tax Office, Lahore
23. Zafar Rafiq Siddiqui (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (Audit-I) Corporate Tax Office, Karachi.
24. Masood Akhtar (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit-I) Large Taxpayers Office, Islamabad from the post of Chief, (Legal Wing) FederalBoard of Revenue (Hq), Islamabad.
25. Ch. Javed Anwar (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Legal) Corporate Tax Office, Lahore from the post of Commissioner, (WHT) RegionalTax Office, Gujranwala.
26. Zulfiqar Ahmad (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Enforcement) Large Taxpayers Office, Islamabad from the post of Commissioner, (AEOI Zone) Commissioner Inland Revenue AEOI Zone, Islamabad.
27. Muhammad Ayaz (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Mardan Zone) Regional Tax Office, Peshawar from the post of Commissioner, (WHT Zone) Regional Tax Office, Peshawar.
28. Syed Naveed-ul-Hassan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Appeals-V), Karachi from the post of Commissioner, (Rahim YarKhan Zone) Regional Tax Office, Bahawalpur.
29. Ms. Ghazala Hameed Razi (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate General training & Research (InlandRevenue), Lahore from the post of Commissioner, Commissioner Inland Revenue (Appeals-VI), Lahore.
30. Girdhari Mal Maghwar (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit-I) Corporate Tax Office, Karachi from the post of Chief, (ST&FE) Federal Board of Revenue (Hq), Islamabad.
31. Pir Khalid Ahmed Qureshi (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Zone-II) Regional Tax Office II, Karachi from the post of Commissioner, (Multan Zone) Regional Tax Office, Multan.
32. Mohy ud Din Ismail (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Legal) Corporate Tax Office, Islamabad from the post of Chief, (Legal Wing) Federal Board of Revenue (Hq), Islamabad.
33. Arshad Nawaz Chheena (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Special Zone) Regional Tax Office, Islamabad from the post of Chief, (Admn Pool) Federal Board of Revenue (Hq), Islamabad
34. Abdul Waheed Khan (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Legal-II) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (Audit-I) Large Taxpayers Office, Islamabad.
35. Zulfiqar Ali Memon (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Audit-I) Large Taxpayers Office, Karachi from the post of Commissioner, (Enforcement-I) Large Taxpayers Office, Karachi.
36. Ms. Fauzia Adil (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-IX), Lahore from the post of Commissioner, (Legal) Corporate Tax Office, Lahore.
37. Sajjad Azhar (Inland Revenue Service/BS-20) has been posted as Commissioner Inland Revenue (WHT) Regional Tax Office, Islamabad on return from deputation.
38. Abdul Hameed Shaikh (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (ST & FE) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (Audit-1) Large Taxpayers Office, Karachi.
39. Mussarat Ullah Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-II), Islamabad from the post of Commissioner, (Special Zone for Builders & Developers) Regional Tax Office, Islamabad.
40. Dr. Najeebullah (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (AEOI Zone) Karachi from the post of Chief, (IR Policy) Federal Board of Revenue (Hq), Islamabad.
41. Muhammad Nawaz (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence & Investigation (Inland Revenue), Peshawar from the post of Commissioner, (South Zone) Regional Tax Office, Islamabad.
42. Asif Haider Orakzai (Inland Revenue Service/BS-19) has been transferred and posted as Chief, (OPS) (Legal –III) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (OPS) (Legal) Corporate Tax Office, Islamabad.
43. Abdul Hameed Abro (Inland Revenue Service/BS-19) has been transferred and posted as Director, (OPS) Directorate of Internal Audit (Inland Revenue), Karachi from the post of Commissioner, (OPS) Commissioner Inland Revenue (Appeals-V), Karachi.
44. Abdul Shakoor Shaikh (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Zone-III) Regional Tax Office II, Karachi from the post of Commissioner, (OPS) (Sukkur Zone) Regional Tax Office, Sukkur.
45. Muhammad Asad Tahir (Inland Revenue Service/BS-19) has been transferred and posted as Director, (OPS) (Media) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (OPS) (Zone-II) Regional Tax Office, Sargodha.
46. Dr. Saqib Ahmad Khan (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (WHT) Regional Tax Office, Sialkot from the post of Secretary, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
47. Asif Rasheed (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals-II), Multan from the post of Additional Director, (Inland Revenue) Directorate of Intelligence & Investigation (Inland Revenue), Faisalabad.
48. Ms. Yasmin Yusuf Khan (Inland Revenue Service/BS-19) has been transferred and posted as Chief, (OPS) (TPA) Federal Board of Revenue (Hq), Islamabad from the post of Director, (OPS) (Coordination, Chairman’s Secretariat) Federal Board of Revenue (Hq), Islamabad.
49. Said Munaf (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (South Zone) Regional Tax Office, Islamabad from the post of Additional Commissioner, Regional Tax Office, Islamabad.
50. Muhammad Shamim (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Rahim Yar Khan Zone) Regional Tax Office, Bahawalpur from the post of Additional Commissioner, (Zone-I) Regional Tax Office, Hyderabad.
51. Ms. Sajida Kausar (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue AEOI Zone, Islamabad from the post of Additional Commissioner, (AEOI Zone) Commissioner Inland Revenue AEOI Zone, Islamabad.
52. Muhammad Zaheer Qureshi (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals), Sargodha from the post of Additional Commissioner, (DR (ATIR)) Regional Tax Office, Rawalpindi.
53. Muhammad Akbar Mahar (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals), Sukkur from the post of Additional Commissioner, (LTU Karachi) Large Taxpayers Office, Karachi.
54. Azmat Hayat Ranjha (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Zone-II) Regional Tax Office, Sargodha from the post of Additional Commissioner, (WHT) Regional Tax Office, Sargodha.
55. Mazhar Iqbal (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Jhelum Zone (stationed at Jhelum)) Regional Tax Office, Rawalpindi from the post of Additional Commissioner, Regional Tax Office, Rawalpindi.
56. Mian Muhammad Majid Hayat (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals), Sahiwal from the post of Additional Commissioner, (Withholding Taxes Zone) Regional Tax Office, Lahore.
The FBR said that the Officers who are drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on the new place of posting.
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Saleem Tariq posted as DG Anti Benami Initiative
ISLAMABAD: Ardsher Saleem Tariq, a BS-20 officer of Inland Revenue Service (IRS) has been appointed as Director-General of Anti Benami Initiative.
Federal Board of Revenue (FBR) on Friday notified transfers and postings of officers in BS-20 and BS-21 of Inland Revenue Service (IRS) with immediate effect and until further orders.
Following officers have been transferred and posted:
01. Ms. Aiysha Khalid (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Regional Tax Office, Islamabad from the post of Director-General, (WHT) Federal Board of Revenue (Hq), Islamabad.
02. Abdul Wahid Uqaily (Inland Revenue Service/BS-20) has been transferred and posted as Director General, (OPS) (WHT) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
03. Ardsher Saleem Tariq (Inland Revenue Service/BS-20) has been transferred and posted as Director General, (OPS) (Anti Benami Initiative) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (IT) Federal Board of Revenue (Hq), Islamabad.
04. Imtiaz Ali Solangi (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office, Sargodha from the post of Commissioner, (Zone-II) Regional Tax Office II, Karachi.
The FBR said that the Officers who are drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on the new place of posting.
All above-listed officers have been asked to relinquish/assume charge, using an online HRMS facility made available to FBR or by using their IJP logins.
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Finalization of provisional amended assessment
Section 123 of the Income Tax Ordinance, 2001 explains the finalization of provisional amended assessment.
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Procedure to settle agreed assessment cases
Section 122D of the Income Tax Ordinance, 2001 explains the procedure to settle agreed assessment cases.
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List of Customs officers fail to furnish asset declaration
ISLAMABAD: Federal Board of Revenue (FBR)on Friday issued a list of officers of Pakistan Customs Service (PCS) in BS-19 and BS-20, who have failed to furnish asset declaration and Performance Evaluation Reports (PERs).
A circular issued by the FBR stated that it is intimated that the performance evaluation report (PERs) or Declaration of Assets or both of the following officers of PCS BS-19 and BS-20, who are in the promotion zone, are missing:
BS-20 officers
1. Dr. Naeem Khan
2. Imtiaz Ahmad Sheikh
3. Muhammad Asghar Khan
4. Abdul Qadir Memon
5. Asif Saeed Khan Lughmani
6. Muhammad Ali Raza Hanjra
7. Muhammad Imran Khan Mohmand
8. Ms. Zeba Azhar Zeba Bashir Ahmad
9. Iftikhar Ahmad
10. Muhammad Saeed Khan Jadoon
11. Syed Shakeel Shah
12. Muhammad Junaid Jalil Khan
BS-19 Officers:
1. Ms. Mehnaz Bhaur
2. Ms. Misbah Khatana
3. Sajjad Hyder Jhin Jhin
4. Shafqat Ali Khan Niazi
5. Kh. Khurram Naeem
6. Syed Naeem Akhtar
7. Ms. Saira Agha
8. Ms. Ayesha Niaz
9. Muhammad Ashfaq
10. Ms. Nasreen Nawaz
11. Engr. Habib Ahmad
12. Shoukat Ali
13. Abid Hussain Hakro
14. Azhar Hussain Merchant
15. Jameel Ahmed Baloch
16. Arbab Qaisar Hamid
17. Dr. Moin-ud-Din Ahmad Wani
18. Nadeem Ahsan
19. Ziaullah Shams
20. Asdaq Afzal Sensera
21. Agha Saeed Ahmad Phatan
22. Rizwan Salabat
23. Suleman Yaqub Khan
24. Ghulam Mustafa
25. Junaid Ahmed Memon
26. Ms. Sameera Sheikh
27. Naveed Illahi
28. Ms. Beelam Ramzan
29. Muhammad Saeed Asad
30. Ms. Mahreen Naseem
31. Muhammad Masood Sabir
32. Ms. Saadia Sheeraz
33. Muhammad Hans Ansari
34. Azood ul Mehdi
The FBR said that failure in the submission of above documents by 03-09-2021 i.e. today, the officer himself/herself will be responsible for non-consideration/ deferment/ supersession.
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Commissioner can revise the assessment order
Section 122B of Income Tax Ordinance, 2001 has provided that the Chief Commissioner has the authority to revise assessment order.
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Commissioner empowered to call taxpayer’s record
Section 122A of the Income Tax Ordinance, 2001 tells that the commissioner can call for any taxpayer’s record.
The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021.
Following is the text of Section 122A of Income Tax Ordinance, 2001:
122A. Revision by the Commissioner.—(1) The Commissioner may, call for the record of any proceeding under this Ordinance or under the repealed Ordinance in which an order has been passed by any Officer of Inland Revenue other than the Commissioner (Appeals).
(2) Subject to sub-section (3), where, after making such inquiry as is necessary, Commissioner considers that the order requires revision, the Commissioner may make such revision to the order as the Commissioner deems fit.
(3) An order under sub-section (2) shall not be prejudicial to the person to whom the order relates.
(4) The Commissioner shall not revise any order under sub-section (2) if—
(a) an appeal against the order lies to the Commissioner (Appeals) or to the Appellate Tribunal, the time within which such appeal may be made has not expired; or
(b) the order is pending in appeal before the Commissioner (Appeals) or has been made the subject of an appeal to the Appellate Tribunal.
(5) If any order is remanded back to any lower authority by the Commissioner for modification, alteration, implementation of directions or de novo proceedings, the order giving effect to the directions of the Commissioner shall be issued within one hundred and twenty days.
(Disclaimer: The text of the above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)
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Saigols of KTML disclose availing amnesty scheme
KARACHI: Kohinoor Textile Mills Limited (KTML) on Thursday shared information disclosing that its senior management has avail an amnesty scheme of undeclared foreign assets.
A communication sent to Pakistan Stock Exchange (PSX) stated that the following shareholders of KTML informed that they had made to the Federal Board of Revenue (FBR) declarations of assets acquired/held outside Pakistan in July 2018 under the Foreign Assets (Declaration and Repatriation) Act, 2018 and intimated about their beneficial ownership of KTML.
Following is shareholding detail prior to the declaration by virtue of the Declaration Act:
01. Taufique Sayeed Saigol, Chief Executive Officer/Director, shareholding in KTML is 43,425,059, the percentage of paid up capital is 14.51 per cent.
02. Mrs. Shehla Tariq Saigol, substantial shareholder, shareholding in KTML is 30,377,143, the percentage of paid-up capital is 10.51 per cent.
Further, the above shareholders of KTML are indirectly ultimate beneficial owners in the proportion of 50 per cent each in the following two foreign companies which are also substantial shareholders of KTML as under:
01. Mercury Management Inc., BVI (MMI), substantial shareholder, shareholding in KTML is 73,390,890, percentage of paid-up capital is 24.52 per cent.
02. Hutton Properties Limited, BVI (HPL), substantial shareholder, shareholding in KTML is 49,639,992, percentage of paid-up capital is 16.59 per cent.
Accordingly, it is notified that, pursuant to the Declarations made under the Declaration Act, their aggregate shareholding in KTML is as under:
The shareholding of Taufique Sayeed Saigol, Chief Executive Officer / Director in KTML after including assets declared under amnesty scheme increased to 106,940,503 or percentage of share capital in KTML increased to 35.06 per cent.
Similarly, the shareholding of Mrs. Shehla Tariq saigol, a substantial shareholder in KTML after including assets declared under the amnesty scheme increased to 91,892,587 or percentage of share capita in KTML increased to 30.70 per cent.
The communication sent to the PSX, the company said: “In accordance with the highest legal ethical standards and acting out of abundant caution in a wholly precautionary way, the above-named shareholders have declared their proportionate shares of indirect shareholding ownership held in KTML through MMI and HPL managed by Saim Family Trust, a Settler Reserved Discretionary Trust.”
Assets held and controlled by this Discretionary Trust would only be available to the beneficiaries at the discretion of the trustees, whenever distributed, it added.
“It is clearly stated that such assets are not yet distributed by the Trustees.”
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Commissioner can amend assessment order
Section 122 of the Income Tax Ordinance, 2001 has empowered a commissioner to make amendment in an assessment order.
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