The Central Board of Revenue (CBR) has given powers to the commissioner of income tax (CIT), medium taxpayers unit (MTU), Karachi to deal with the income tax matters of medium taxpaying units of Karachi from December 1.
The CBR has empowered the commissioner of income tax (CIT), MTU, Karachi to deal with the cases of moneychangers and forex dealers in Civil Division Karachi, persons employed by Pakistan International Airlines (PIA), Airport Development Authority; PIA Shaver Poultry Breeding Farms Ltd; medical, veterinary doctors, tax practitioners, architects, dairy farming and engineers having business in Civil Division Karachi. In this regard, the CBR has issued a notification here on Thursday.
The commissioner of income tax (CIT), MTU, Karachi has been empowered to exercise all the powers and perform all the functions under Income Tax Ordinance 2001.
The commissioner of income tax (CIT), MTU, Karachi will have been authorised to deal with the cases of people falling in the territorial jurisdiction of Civil Division, Karachi, excluding cases assigned to the director general LTU, Karachi. He will also deal with the cases of all people having their principal place of business within the Civil Division, and Karachi whose income is derived from building contracts, road contracts, supply contractors, estate brokerage, building and developing.
The CIT, MTU, Karachi will also deal with the cases of jockeys, riding boys, book makers, trainers and other people deriving income from business connected with horseracing in the Civil Division, Karachi.
He will tackle cases of all the people of the Civil Division Karachi applying for refund of tax deducted at source or for exemption certificate.
The CIT, MTU, Karachi has also been given powers to do monitoring of deduction or collections of tax pertaining to certain class of taxpayers under sections 148 to 156 and 233 to 236 of the Income Tax Ordinance 2001.
He would also carryout internal survey for collection of information under these sections of the Income Tax Ordinance 2001.
He would also prepare "communication slips" based on information collected and their dissemination to the concerned tax authorities.
He would be empowered to match important information with taxpayer's declared version for the detection of mis-declaration and subsequently issue verification notes for the concerned authorities.
He will also deal with the cases pertaining to all Navel employees operating under Controller of Navel Accounts, Karachi. The CBR has used powers under Sub-section (1) of Section 209 of the Income Tax Ordinance 2001 to implement the decision.