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KTBA urges Bajwa, Ijaz to allow CCs to exclude wrongly selected audit cases

KTBA urges Bajwa, Ijaz to allow CCs to exclude wrongly selected audit cases

 

Hashmi says exclusion of such cases would facilitate taxpayers and allow tax advisers to spare time for correspondence

 

 

KARACHI: Karachi Tax Bar Association (KTBA) President Syed Waseem Hashmi has requested FBR Chairman Tariq Bajwa and FBR Member Tax Audit Syed Ijaz Hussain to authorise the chief commissioners (CCs) to exclude wrongly selected cases for audit and drop the audit proceedings.

The KTBA president has written a letter in this regard.

In a statement, the KTBA president said that the exclusion of such cases would certainly facilitate the taxpayers and would bring about efficiency and allow the tax advisers to spare time for correspondence in this regard.

Hashmi added that when the computer balloting took place for selecting the cases for audit, unfortunately through errors and flaws in PRAL data base, the cases that were excluded from selection for audit as per policy decision of the Board in Council were wrongly selected for audit.

The KTBA president said that as per policy decision of the Board in Council, some cases were excluded from selection of cases for audit through random computer balloting in Income Tax Non-Corporate Returns and Income Tax Corporate Returns.

The excluded cases are: cases falling under the Final Tax Regime (FTR), taxable income only from salary, all cases qualifying for immunity from audit under Section 214C under the Prime Minister’s Tax Incentive Scheme issued under SRO1040(I)/2013 read with Board’s Circular No 15 of 2013; taxable income only from house property; taxable income only from share from Association of Persons (AOP); all cases already taken up for audit under Section 177 of the Income Tax Ordinance, 2001 for tax year 2013 whether finalised or pending for assessment; all cases already selected for audit through computer random balloting for the tax year 2012 whether under process or finalized; all cases where no business is stated to have been conducted for the tax year2013.

Cases to be excluded for Income Tax Corporate Returns are: all cases of Final Tax Regime (FTR), all cases already taken up for audit under Section 177 of the Income Tax Ordinance 2001 for tax year 2013 whether under process or finalised, all cases qualifying for immunity from audit under Section 214C under the Prime Minister’s Tax Incentive Scheme issued under SRO1040(I)/2013 read with Board’s Circular No 15 of 2013; all cases already selected for audit through computer random balloting for the tax year 2012 whether under process or finalised and all cases where no business is stated to have been conducted for the tax year 2013.