Federal Board of Revenue (FBR) on Tuesday notified panel of persons in all major cities of the country for alternate dispute resolution. The FBR issued SRO 810(I)/2020 to notify the setting up the committees under Income Tax Ordinance, 2001, Sales Tax Act, 1990 and Federal Excise Act, 2005. The FBR notified the panel of the following persons for constitution of committees for Alternate Dispute Resolution: KARACHI: 01. Rehmatullah Khan Wazir, Ex-Member, FBR 02. Khawaja Tanweer Ahmed, Ex-Member, FBR/Advocate 03. Dr. Tariq Masood, Ex-Member, FBR 04. Vishno Raja Qavi, Ex-Commissioner/Advocate 05. Misri Ladhani, ex-Chief Commissioner/Advocate 06. Agha Shahid Majeed, Ex-Member, Tribunal 07. Iftikhar Qutub, Ex-Director General, Customs 08. Adnan Mufti, Chartered Accountant 09. Hassan Naeem, Chartered Accountant 10. Hyder Ali Patel, Chartered Accountant 11. Saqib Masood, Chartered Accountant 12. Qadeer Ahmed, Chartered Accountant 13. Ms. Asra Rauf, Chartered Accountant 14. Muhammad Raza,...
KARACHI June 15, 2011: “The reforms process in tax administration is entering its last phase; however, despite efforts the tax machinery has not overcome its capacity and integrity issues as yet”. This was stated by Khawar Khursheed Butt, Member Inland Revenue, Federal Board of Revenue while addressing the Federal Budget Seminar organized by the Southern Regional Committee (SRC) of Institute of Chartered Accountants of Pakistan (ICAP) here at Defence Authority Country & Golf Club, Karachi. In his speech, the Member IRS dilated upon cause of revenue shortage, the uphill task of coming year’s revenue target and other policy matters. He admitted that by effective monitoring of withholding taxes, the government can enhance its revenue stream. “I have asked the Chief Commissioners not to focus on audits but on effective monitoring of withholding taxes where non compliance and leakage is more than expected”, Butt added. He said that recent exercise conducted by tax authorities revealed ...