Introduction Highlights Economic Scenario Income Tax Ordinance Micro Finance
Sales Tax Act Central Excise Act Customs Act Self Assessment Scheme Other Laws
Income Tax Ordinance, 2001
Statements
 
SECTION : 134 A
 
Comments :
As the term suggests this is very innovative concept for dispute resolution. According to the proposed amendment it is proposed that a dispute resolution committee consisting of a tax officer, tax practitioner chartered accountant, or a reputable taxpayer be made where there is any dispute relating to any tax issue of any taxpayer.

The committee will have powers to examine the issue, may engage an auditor to conduct an audit and make recommendation in his report. The board will pass an order based on the committee’s recommendation. After the decision of the board and payment of tax by the taxpayer if any the issue will stand resolved to that extent. In case the matter is already sub-judice then the board will send the committee’s recommendation to the appropriate appellate forum for necessary orders. The aggrieved person in case of his dissatisfaction has been given the recourse to file the appeal or reference within sixty days of the communication of order by the board. The board has been empowered to make rules in this regard.
 
© 2006, All Rights Reserved, RASG
Contact InfoOpenClose

Definition
Income from property
Deductions not allowed
Income From Other Sources
Government Income
Investment in shares
Contribution to a Pension Fund
Resident individual
Tax on certain retailers
Return of income
Furnish a return of income
Revision by the Regional
Alternate Dispute Resolution
Advance tax paid by the taxpayer
Import
Profit on debt
Payments to non-residents
Payments for goods and services
Export
Income from property
Withdrawal under Pension Fund
Statements
Credit for tax collected/deducted
Collected/ deducted as a final tax
Additional tax
Circulars
Cash withdrawal from a bank
Brokerage and commission

PDF Document Word Document
Back To Homepage