Sunday, April 28, 2024
05:32 AM (GMT +5)

Go Back   CSS Forums > CSS Optional subjects > Group I > Accounting & Auditing
Which Tax rates to use Which Tax rates to use

Reply Share Thread: Submit Thread to Facebook Facebook     Submit Thread to Twitter Twitter     Submit Thread to Google+ Google+    
Page 1 of 2 1 2
 
LinkBack Thread Tools Search this Thread
  #1  
Old Friday, January 24, 2014
Member
  
Join Date: Oct 2013
Location: Islamabad
Posts: 56
Thanks: 65
Thanked 30 Times in 19 Posts
Ammara Khan88 is on a distinguished road
Default Which Tax rates to use
koi bata sakta hai k agar CE-2014 me tax payable maloom karna ho magar examiner ka question ho k calculate the tax payable for the tax year 2012 jesa k CE 2013 k paper me pocha gaya he k tax year ending 2011 to rates konse apply honge? Please reply
Reply With Quote
  #2  
Old Friday, January 24, 2014
Ahmedmalik's Avatar
Member
  
Join Date: Feb 2012
Location: sargodha
Posts: 90
Thanks: 72
Thanked 24 Times in 18 Posts
Ahmedmalik is on a distinguished road
Default
Quote:
Originally Posted by Ammara Khan88 View Post
koi bata sakta hai k agar CE-2014 me tax payable maloom karna ho magar examiner ka question ho k calculate the tax payable for the tax year 2012 jesa k CE 2013 k paper me pocha gaya he k tax year ending 2011 to rates konse apply honge? Please reply
you have to calculate tax on 2012 rates not on 2014 rates.
Reply With Quote
The Following User Says Thank You to Ahmedmalik For This Useful Post:
Ammara Khan88 (Friday, January 24, 2014)
  #3  
Old Friday, January 24, 2014
Member
  
Join Date: Oct 2013
Location: Islamabad
Posts: 56
Thanks: 65
Thanked 30 Times in 19 Posts
Ammara Khan88 is on a distinguished road
Default
Quote:
Originally Posted by Ahmedmalik View Post
you have to calculate tax on 2012 rates not on 2014 rates.
Are you sure? any authentic source?
Reply With Quote
  #4  
Old Friday, January 24, 2014
Senior Member
  
Join Date: Aug 2012
Posts: 599
Thanks: 222
Thanked 266 Times in 195 Posts
mhz99 will become famous soon enoughmhz99 will become famous soon enough
Default
Unfortunately the students who opted this subject have no guidance whatsoever especially for tax portion
Reply With Quote
  #5  
Old Saturday, January 25, 2014
Ahmedmalik's Avatar
Member
  
Join Date: Feb 2012
Location: sargodha
Posts: 90
Thanks: 72
Thanked 24 Times in 18 Posts
Ahmedmalik is on a distinguished road
Default
i am Charatered accountant intern so i studied Taxation thoroughly in my syllabus i m 99% sure about this besides some ambigiuties.
Reply With Quote
  #6  
Old Saturday, January 25, 2014
Ahmedmalik's Avatar
Member
  
Join Date: Feb 2012
Location: sargodha
Posts: 90
Thanks: 72
Thanked 24 Times in 18 Posts
Ahmedmalik is on a distinguished road
Default
Quote:
Originally Posted by Ammara Khan88 View Post
Are you sure? any authentic source?
if i answer it elaborately then it stated as for Individual or AOP. taxable incomec is calculated on reciept basis so when the person recieved his incomes in 2012 the amount shall be taxable in 2012 also. but in case he recieve salary in 2014 related to 2012 then that salary is taxable in 2014.
for comapny taxable amount can be calculated on accrual basis.
Reply With Quote
  #7  
Old Saturday, January 25, 2014
Senior Member
  
Join Date: Aug 2012
Posts: 599
Thanks: 222
Thanked 266 Times in 195 Posts
mhz99 will become famous soon enoughmhz99 will become famous soon enough
Default
Salary received in arrears is at the discretion of tax payer to be included in current tax year or the year for which it is received
Reply With Quote
  #8  
Old Saturday, January 25, 2014
Senior Member
  
Join Date: Aug 2012
Posts: 599
Thanks: 222
Thanked 266 Times in 195 Posts
mhz99 will become famous soon enoughmhz99 will become famous soon enough
Default
Source: Synopsis of Taxation
Reply With Quote
  #9  
Old Saturday, January 25, 2014
Ahmedmalik's Avatar
Member
  
Join Date: Feb 2012
Location: sargodha
Posts: 90
Thanks: 72
Thanked 24 Times in 18 Posts
Ahmedmalik is on a distinguished road
Default
salary in arrears is taxable only in exceptional case it will only allowe in arrears after the approval of commissioner.By default when salary is recieved or available then it is taxable.
Reply With Quote
  #10  
Old Saturday, January 25, 2014
Senior Member
  
Join Date: Aug 2012
Posts: 599
Thanks: 222
Thanked 266 Times in 195 Posts
mhz99 will become famous soon enoughmhz99 will become famous soon enough
Default
You are talking about practicality but we have to solve paper theoretically
Reply With Quote
Reply
Page 1 of 2 1 2

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
I Need Mcqs for Economics Beauty Economics 24 Tuesday, February 28, 2017 12:20 AM
The coming trade war and global depression sibgakhan Current Affairs 5 Tuesday, February 11, 2014 02:30 PM
Economic Concepts silent roar Economics 1 Saturday, September 14, 2013 03:06 PM
Required VU sociology Notes by Dr. Anwar shrd Sociology 6 Saturday, February 23, 2013 11:40 AM
National Education Policy 2009 Raja Bahar Pakistan Affairs 0 Sunday, June 10, 2012 06:32 PM

CSS Forum - Privacy Statement - Terms of Service - Top

CSS Forum on Facebook Follow CSS Forum on Twitter

Disclaimer: All messages made available as part of this discussion group (including any bulletin boards and chat rooms) and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of CSSForum.com.pk (unless CSSForum.com.pk is specifically identified as the author of the message). The fact that a particular message is posted on or transmitted using this web site does not mean that CSSForum has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to the forum to report any objectionable message in site feedback. This forum is not monitored 24/7.

Sponsors: ArgusVision   vBulletin, Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.