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Adjustable and Final discharge ?
07-04-2007, 07:48 PM
Post: #1
Adjustable and Final discharge ?
What is the difference between Adjustable and Final discharge in incometax collection??
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07-05-2007, 07:54 PM
Post: #2
 
Dear,

In adjustable system, Tax credit is given in the final return/assessment of income.

Whereas in the final discharge, Tax is deducted at source and statement regarding final taxation is filed under Presumptive Tax Regime.

Regards,

Sheraz Afzal
ACA/FPA/ACIS/ITP
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07-05-2007, 07:58 PM
Post: #3
 
Dear Fellow,

In the adjustable Tax system, Tax Credit is given in the final return of income/ assessment procedure.

Whereas in the Final discharge, Tax is deducted at source and statement of final taxation is filed under Presumptive Tax Regime.

Regards,

Sheraz Afzal
ACA/FPA/ITP/ACIS
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07-20-2007, 08:12 PM
Post: #4
 
Agree
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