11-03-2005, 03:08 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by zee_cma</i>
<br />right but butt butt although its adjusted against final tax but whats the justification for charging tax twice...say once on ur income and again whatever you get from ur income e.g withhloding tax, Cell cards, phone, Bank withdrawal, n sooooo much.....
Smile ! GOD loves you.....
www.thezee.com
mail@thezee.com
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Hello Mr.CMA from ICMAP...
Conceptual problem seems...
As you said that it is adjusted against your Final Tax Liability, then it means that the benefit of tax, which has already been withheld/collected at source, is available to the taxpayer by reducing the Final Tax Liability. You can't say it is double charged. However, the concept of PTR is different.
ICAPians, the unparalleled..
<br />right but butt butt although its adjusted against final tax but whats the justification for charging tax twice...say once on ur income and again whatever you get from ur income e.g withhloding tax, Cell cards, phone, Bank withdrawal, n sooooo much.....
Smile ! GOD loves you.....
www.thezee.com
mail@thezee.com
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Hello Mr.CMA from ICMAP...
Conceptual problem seems...
As you said that it is adjusted against your Final Tax Liability, then it means that the benefit of tax, which has already been withheld/collected at source, is available to the taxpayer by reducing the Final Tax Liability. You can't say it is double charged. However, the concept of PTR is different.
ICAPians, the unparalleled..