Ofcourse it is lengthy thanks fpsc for limiting it to two chapters. Income from property, income from business, deffered tax and calculation of taxable income are major areas but mcqs can be given from any of mentioned areas so will ve to prepare completly..

Assalam O Alaikum Everyone
I am here to share some details of this job with you.
I 'll let you understand the topics you are confused.

FUNCTIONS OF THE FEDERAL BOARD OF REVENUE

The Federal Board of Revenue Act, 2007 SAYS:
(1) The Board shall exercise powers and perform all such functions that are necessary to achieve the objects and purposes of this Act and include the following, namely:-

(a) to implement the tax administration reforms;
(b) to promote voluntary tax compliance and to make the Board a service oriented organization; and to implement comprehensive policies and programs for the education and facilitation of taxpayers, stakeholders and employees, etc., in order to develop the Board into a modern efficient authority;
(c) to adopt modern effective tax administration methods, information technology systems and policies in order to consolidate assessments; improve processes, organize registration of tax payers, widen the tax base, and make departmental remedies more efficient including enforcement of, or reduction or remission in, duty, penalty or tax, in accordance with the relevant law for the time being in force;
(d) to improve the productivity through a comprehensive and effective human resource strategy;
(e) to identify and select through Internal Job Posting process the employees for designated jobs;
(f) to grant additional allowances or any other incentives and rewards to the employees and members of the Board;
(g) to take appropriate measures including internal controls to combat corruption within the organizations under the Board and provide checks to ensure the integrity of employees that is verified periodically through applicable procedure which shall be made one of the criterion for promotion and incentives;
(h) to re-designate existing posts within its jurisdiction, prepare job description of any post and create posts in accordance with the rules;
(i) to direct or advise, where necessary, investigation or inquiry into suspected duty tax evasion, tax and commercial fraud, money-laundering, financial crimes cases and to coordinate with the relevant law enforcement agencies;
(j) to introduce and maintain a system of accountability of performance, competence and conduct of the employees.
(k) to implement the provisions of all the fiscal laws for the time being in force and to exercise all powers provided under the provisions of the fiscal laws and to take any action, make policy, issue rules or guidelines for the purpose to make the implementation of the fiscal laws clearer, transparent, effective and convenient;
(l) to implement international obligations pursuant to a treaty, resolution or any international commitment;

1[(m) to establish a Foundation and Fund relating thereto so as to provide support and facilities to the employees and for the welfare of serving and retired employees and their families, and to create, establish, organize, assist in the social and cultural activities;]
(n) to create a surplus pool of employees as and when required;
(o) to make regulations, policies, programs, strategies in order to carry out the purposes of this Act;
(p)to engage any person or entity on contract basis to carry out assignments or for the consultancy in accordance with the rules of the Federal Government;
(q)to regulate and enter into any agreement, contract understanding, with any international organization or institution or donor agency or counterpart entity with approval of the Federal Government;
(r) to create field formations of Board for greater efficiency in implementation of fiscal laws and refer to them with appropriate titles;

(s) to set up mechanism and processes that facilitate removal of grievances and complaints of the tax payers;
(t) to carry out any other function, activity and acts, etc., as decided and determined by the Board;
(u) to enable electronic communication in respect of all taxation matters such as e-filing, e-payments, e-notice, e-notification, digital imaging, protocols or agreements as may be prescribed; and
(v) to perform any other functions entrusted from time to time by the Federal Government.


(2) The Board may, where appropriate, issue statutory rules and orders (SROs), orders, circulars and instructions for the enforcement of any of the provisions of fiscal law and the provision of this Act.


(3) The Board shall perform all other functions assigned by the Federal Government for the purpose of implementation of this Act.

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Best of luck

the next lesson will be uploaded tomorrow insha-allah.

Thank you very much Mmurtaza for your kind help. Please make income tax ordinance your next topic for our learning. I''ll be highly gratefull to you.

Samisgreat & Lifeless

I had written before I dont want to mislead u as I had no knowledge as of what is the syllabus of this exam I just shared what was in our exam. At that time we were induced into the organization as freshmen, learned all things regarding taxes while trainings at DOT and during daily office work. Today things are hotting up, there is intense competition and relevant knowledge is required. So new appointees will have tax knowledge in advance which will be really good not only for the organization but also for their careers.

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Don't Count the Days - Make the Days Count ..!

Sro's could you please elaborate in simply words wht is this... ntn nfn as well..

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SRO in simplest words is an order of the competent authority. FBR can issue new SRO regarding any taxes when it makes an amendment. NTN is National Tax Number; its issued to a business person and he can be tracked by this number and he also files tax return with reference to this number. NFN I m sorry I have not heard about it myself if it is a term

__________________
Don't Count the Days - Make the Days Count ..!

please murtaza give me ur cell number

Asslam o Alaikum

Dear membrs

Is there any book in the market for the preparation of Inspector inland revenue????