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+--- Thread: Adjustable and Final discharge ? (/thread-adjustable-and-final-discharge)
Adjustable and Final discharge ? - Checkmated - 07-04-2007
What is the difference between Adjustable and Final discharge in incometax collection??
- shezijee - 07-05-2007
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
- shezijee - 07-05-2007
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
- Imran - 07-20-2007
Agree