6. Provide information and assistance in the valuation of personal property, including the maintenance of a reference library and educational programs. When deciding an appeal, the Commissioner (Appeals) has the following powers: 15. Obtain information from each taxpayer on whether and how much they claimed a federal tax credit, unless this information can be calculated based on other information on their tax return. 14. Publish an annual report to the members of the General Assembly and publish such a report on the Department`s website showing the total amount of corporate tax relief granted in the Commonwealth during the second preceding tax year. The report must include (i) the total amount of income tax deductions, deductions, exclusions and exemptions claimed cumulatively by businesses; (ii) declare the tax credits claimed; (iii) provide an analysis of the tax implications of corporate tax relief; and (iv) provide summary information on the types of taxpayers benefiting from the tax reduction. The report must also contain information on the number of entities eligible for the principal facilities tax credit determined in accordance with sections 58.1 to 439 and on the amount of those credits. The report shall be submitted by 1 October each year. 3.
exercises general control over all Commissioners of Revenue in so far as the functions of such officers relate to the revenue of the State, and advises, instructs and advises all such officials in the performance of their duties to the extent indicated. In addition to the powers and duties conferred by law on the Commissioner of Taxes elsewhere, he has the following duties: 5. To submit a written application to the competent court for the dismissal or suspension of the auditors of the tax administration for incompetence, negligence or other professional misconduct and the order of the auditor, any auditor of revenue who has a law on duties or a legal instruction of the The Court held that the The Tribunal had failed to comply with the obligation to defer compensation. until the Commissioner of Finance complies with this Act or direction. 12. Provide members of the House Appropriations Committee, the House Finance Committee, the House Finance Committee, and the Senate Finance and Appropriations Committee with an annual report describing the procedures used in the collection process and the implementation of the Virginia Taxpayer Bill of Rights (§ 58.1-1845) in support of these collections. The Commissioner (Appeals) cannot increase a rating or penalty or reduce the amount of reimbursement unless the complainant has had a reasonable opportunity to give reasons for the increase or reduction. Code 1950, §§ 58-33, 58-33.4; 1980, c. 744; 1983, c. 304; 1984, c. 675; 1996, c. 634; 2005, c.
216; 2006, c. 159, 590; 2009, c. 24; 2010, c. 379. 1. Oversee the administration of Commonwealth tax laws with respect to taxable government entities and their valuations, to determine the best methods of obtaining all such assets, to conduct fair valuations and to avoid conflicts and double taxation of the same assets. Quote this article: Surbhi Gupta. Various tax authorities and their powers under the Income Tax Act. Asian J. Management 6(1): January-March 2015, page 25-32.
doi: 10.5958/2321-5763.2015.00005.0 10. At the request of a local administrative body, a local compensation committee or ten local citizens and ratepayers, to provide advisory assistance and assistance to that committee on the issue of the balance between real property and physical movable property valuations between landowners of the site. They are selected by the Indian Revenue Service and usually serve the government for a period of 30 years. [ref. needed] After the restructuring of the management, a new name is created. The Chief Commissioner of Income Tax and the Senior Chief Commissioners of Income Tax are promoted to this rank and have additional responsibilities based on personnel and budgetary objectives. [ref. needed] His equivalent rank in the Secretariat of the Union is that of Special Secretary. [ref. needed] In dealing with a complaint, the Commissioner (Recourse) may review and rule on all matters arising from the proceeding in which the contested decision was made, even if the matter was not raised by the complainant before the Commissioner (recourse). In other cases, it may, on appeal, make such decisions as it considers appropriate. 11.
Provide each county, city and, where appropriate, city annually with a general manual of revaluation procedures containing the legal requirements for conducting general revaluations, as well as guidelines proposing a wide range of factors, in addition to market data, that can be considered in determining the fair value of land and rural and urban structures. This article on the government in India is a heel. You can help Wikipedia by expanding it.