#1231
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kindly explain minimum tax and advance tax..........tomorrow is my interview//////////
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The Following User Says Thank You to VAQAS For This Useful Post: | ||
Zeshanlaang (Wednesday, October 11, 2017) |
#1232
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Quote:
147. Advance tax paid by the taxpayer.— (1) Subject to sub-section (2), every taxpayer 1 [whose income was charged to tax for the latest tax year under this Ordinance or latest assessment year under the repealed Ordinance] other than – 2 [ ] (b) income chargeable to tax under sections 5, 6 and 7; 3 [ ] (c) income subject to deduction of tax at source under section 149; 4 [and] 5 [ ] (d) income from which tax has been collected under Division II or deducted under Division III6 [or deducted or collected under Chapter XII] and for which no tax credit is allowed as a result of sub-section (3) of section 168, shall be liable to pay advance tax for the year in accordance with this section. (2) This section does not apply to an individual where the individual‘s 7 [] latest assessed taxable income excluding income referred to in clauses (a), (b), 8 [(ba),] (c) and (d) of sub-section (1) is less than 9 [ 10[ 11[one million] ] rupees. 1 [113. Minimum tax on the income of certain persons. - (1) This section shall apply to a resident company 2 [, an individual (having turnover of 3 [ten] million rupees or above in the tax year 4 [2017] or in any subsequent tax year) and an association of persons (having turnover of 5 [ten] million rupees or above in the tax year 6 [2017] or in any subsequent tax year)] where, for any reason whatsoever allowed under this Ordinance, including any other law for the time being in force— (a) loss for the year; (b) the setting off of a loss of an earlier year; (c) exemption from tax; (d) the application of credits or rebates; or (e) the claiming of allowances or deductions (including depreciation and amortization deductions) no tax is payable or paid by the person for a tax year or the tax payable or paid by the person for a tax year is less than 7 [ 8 [the percentage as specified in column (3) of the Table in Division IX of Part-I of the First Schedule] ] of the amount representing the person‘s turnover from all sources for that year: For further understanding go through CHAPTER IX (MINIMUM TAX) [113] and PART V (Advance Tax Paid by the Taxpayer) of the Income Tax Ordinance, 2001.
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“What we need in this country today is more courage and more belief in the things that we have.”- Thomas J. Watson |
The Following 3 Users Say Thank You to hmkashif For This Useful Post: | ||
BrianTheGooch (Tuesday, October 17, 2017), kaka88 (Tuesday, October 17, 2017), the game (Monday, October 16, 2017) |
#1233
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Aaj kisi ko Interview letter/sms mila???
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#1234
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Does anyone know how interview can be rescheduled????
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#1235
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Quote:
__________________
There is no one to stop you from succeeding other than yourself |
The Following User Says Thank You to fawadhash For This Useful Post: | ||
Zeshanlaang (Wednesday, October 11, 2017) |
#1236
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Quote:
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The Following User Says Thank You to Zeshanlaang For This Useful Post: | ||
fawadhash (Wednesday, October 11, 2017) |
#1237
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Quote:
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#1238
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I think there is option to reschedule interviews but I am not sure on what conditions it is given. Hopefully, overlapping interviews is good enough condition to grant reschedule.
__________________
There is no one to stop you from succeeding other than yourself |
The Following User Says Thank You to fawadhash For This Useful Post: | ||
Zeshanlaang (Wednesday, October 11, 2017) |
#1239
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Quote:
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The Following User Says Thank You to Zeshanlaang For This Useful Post: | ||
fawadhash (Wednesday, October 11, 2017) |
#1240
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Quote:
Name M. Fahad Shahzad Khan Roll 44504 Case NOf4 277c/2016-R series 44000 |
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