KARACHI: The Federal Board of Revenue (FBR) has revised powers, functions and jurisdictions of the chief commissioner and commissioners Inland Revenue, Large Taxpayer Unit-II Karachi under the Income Tax Ordinance, 2001 with effect from February 1, 2016.
In a letter, the FBR said, “The Chief Commissioner of Inland Revenue (LTU-II), Karachi shall exercise the powers and perform functions under the Income Tax Ordinance, 2001, the Sales Tax Act, 1990.
The Federal Excise Act, 2005, Section 7 of the Finance Act, 1989 (V of 1989) and sub-section (1) of section 10 of Wealth Tax Act, 1963 (Repealed), in respect of the persons or cases mentioned in the Schedules I, II, III, IV.”
Moreover, the FBR revised powers and functions of six Commissioner Inland Revenue including: Commissioner Inland Revenue (Zone-I), LTU-II; Karachi, Commissioner Inland Revenue (Zone-II), LTU-II, Karachi; Commissioner Inland Revenue (Zone-III), LTU-II, Karachi; Commissioner Inland Revenue (Zone-IV), LTU-II, Karachi; Commissioner Inland Revenue (Information Processing and TFD), LTU-II, Karachi; and Commissioner Inland Revenue (Human Resource Management Division), LTU-II, Karachi.
