Pages (4): 1 2 3 4 Next »

Search Results
Post			Author	Forum	Replies	Views	Posted [asc]
		Thread: Tax NPO Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Information Consultant Income of NGO and NPO is taxable ? ( Difference between Receipt and payment ) Income Tax Ordinance, 2001, does not speak of NGO except as a few h...	student_of_law	Tax	5	5,344	01-07-2012, 09:31 PM
		Thread: Foreign Income Tax credit Post: In my opinion your working is in accordance with s... In my opinion your working is in accordance with section 103 of ITO, 2001 and it is correct.	student_of_law	Tax	3	4,191	01-02-2012, 11:09 PM
		Thread: Minimum Tax Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Information Consultant our recipts u/s 153 Rs 100000 cost of receipts 30000 Tax deducted 6 % 6000 min tax Tax on cash with drawal 200 ...	student_of_law	Tax	4	4,336	12-20-2011, 10:58 PM
		Thread: Minimum Tax Post: The columns you have referred seem to be irrelevan... The columns you have referred seem to be irrelevant or I could not understand that. With respect to second paragraph of your question, section 168 of the ITO, 2001, lays down general rule that tax ...	student_of_law	Tax	4	4,336	12-20-2011, 07:45 PM
		Thread: Tax on supplies Post: According to section 153(3), Tax deducted under se... According to section 153(3), Tax deducted under section 153(1)(a) [on supplies], shall only be adjustable if the recipient is (i)a company AND 9(ii) that such company is either manufacturer of such go...	student_of_law	Tax	2	4,711	12-15-2011, 03:05 PM
		Thread: tax return and wealth statement for exporters Post: In continuation to my last reply, I have just foun... In continuation to my last reply, I have just found that a section corresponding to 80C(5) of the repealed Income Tax Ordinance 1979 was incorporated in the Income Tax Ordinance, 2001. This sub-sectio...	student_of_law	Tax	5	4,627	12-15-2011, 02:56 PM
		Thread: Final Tax Post: Section 168(5) answers your query. Also see Post d... Section 168(5) answers your query. Also see Post dated Oct 07 2011 at 100116 AM, in the following link. http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=9770	student_of_law	Tax	2	3,547	12-15-2011, 02:29 PM
		Thread: Cash Salary Limit Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Information Consultant Cash Salary limit same in current year(15000) or change for Sole propietor,AOP and companies ? Laptop has produced above section 21 which states ...	student_of_law	Tax	20	10,183	12-12-2011, 03:07 AM
		Thread: Tax on Rent A Car Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Information Consultant Student of law r u confirmed that rate of tax on payment against rent a car is 2 % and it is fall under transport buisness not in services ? Firs...	student_of_law	Tax	6	6,803	12-10-2011, 07:54 PM
		Thread: Interest free Loan Post: Section 13(7)of the Income Tax Ordinance, 2001, re... Section 13(7)of the Income Tax Ordinance, 2001, read with sub-section 14 thereof, addresses this issue.	student_of_law	Tax	2	2,531	12-07-2011, 02:21 AM
		Thread: post requirement of pvt company Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Bilal_JF a private company incorporated this year and will hold first AGM next year. will it file form A to show particulars upto the last date of calender year ie 31 decemb...	student_of_law	Corporate Governance	6	5,527	12-03-2011, 03:27 AM
		Thread: Consultancy fee is Taxable ? Post: Firstly, I can't understand why you have said that... Firstly, I can't understand why you have said that you can't pay salaries to your directors. By saying directors are owners of company, I think, you mean to say that they hold the entire shareholding ...	student_of_law	Tax	4	4,720	12-02-2011, 07:48 PM
		Thread: Can anyone tell me HS code of Printer? Post: Go to FBR Website, Click CUSTOM tab at left bar ... Go to FBR Website, Click CUSTOM tab at left bar you would find link to "Custom Tariff" Click it and download the lates tariff Direct link to their is http//www.fbr.gov.pk/Docs/2010118151193690...	student_of_law	Tax	2	2,168	11-30-2011, 11:01 PM
		Thread: AGM and members.. Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by bilalfca Well Mr Student of Law, would u mind telling me a Public Listed Co name, which is not having or does not have more than 7 members for 2 years? Now Sec 146(1)c...	student_of_law	Corporate Governance	8	7,078	11-26-2011, 09:34 PM
		Thread: AGM and members.. Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by bilalfca salam i have a different opinion.. practically, a Listed Co. will gonna float it shares in Stock Exchange so it ll definitely get applications from a large n...	student_of_law	Corporate Governance	8	7,078	11-25-2011, 10:30 PM
		Thread: SRO 586/91 Incometax Post: Yes it is in force. Reason therefor is that an ame... Yes it is in force. Reason therefor is that an amendment was made to SRO 586/1991 on 31.12.2010. http//www.fbr.gov.pk/SROs/20111110140203122010sro1161.pdf It means that it was valid till the en...	student_of_law	Tax	2	6,859	11-25-2011, 06:53 PM
		Thread: PROCEDURE OF LATE FILING ONLINE INCOME TAX RETURN Post: After loggin on to eFBR, click DECLARATION > Annua... After loggin on to eFBR, click DECLARATION > Annual Income Tax Return On the page that would open, at left upper corner you would find year 2011, in a drop down menue Select the year of which yo...	student_of_law	Tax	5	2,892	11-23-2011, 07:36 PM
		Thread: flood surcharge on export proceeds Post: If there was no such actual deduction on phone bil... If there was no such actual deduction on phone bill, then I will suggest you should not have done so. It will make you liable to penalty for misstatement rather fraud and put you in difficulty. Your s...	student_of_law	Tax	4	2,708	11-22-2011, 11:11 PM
		Thread: return filing for business of a deceased person Post: According to s.87, legal representative of decease... According to s.87, legal representative of deceased are liable to pay tax due from the deceased. This liablity is limited to each legal representative's share in the deceased's estate. I think to ...	student_of_law	Tax	2	1,734	11-22-2011, 09:43 PM
		Thread: return for multiple businesses related to export Post: Return is to be filed by a person not by business.... Return is to be filed by a person not by business. An individual has to file one return whether he owns and runs one business or ten. IN one return taxpayer shall mention share from AOP, dividend inco...	student_of_law	Tax	2	1,740	11-22-2011, 09:30 PM
		Thread: flood surcharge on export proceeds Post: You have suggested a good way of bypassing surchar... You have suggested a good way of bypassing surcharge on proportionate tax i.e. preparing without formula return and uploading it. However, it could be a solution, if there was inadvertent error in ...	student_of_law	Tax	4	2,708	11-22-2011, 08:59 PM
		Thread: What is the taxable income for the tax year 2011? Post: Rs590490 [Clause 22 of Part I of 2nd Schedule & Ru... Rs590490 [Clause 22 of Part I of 2nd Schedule & Rule 3 of Part I of Sixth Schedule to ITO, 2001]	student_of_law	Tax	3	2,447	11-22-2011, 08:23 PM
		Thread: Need Help W.H Tax Adjustment to reduce salary tax Post: When withholding tax is deducted a withholding age... When withholding tax is deducted a withholding agent is bound u/s 164 of ITO, 2001, to provide you certificate in the prescribed format as mentioned in Part VII of Second Schedule to Income Tax Rules,...	student_of_law	Tax	38	29,149	11-22-2011, 07:54 PM
		Thread: Tax deducted at source Post: According to s.153, when a company makes payment w... According to s.153, when a company makes payment with respect to sale of goods, it is liable to deduct tax. Whether the goods fall within the category of fixed asset or current assets is not relevant....	student_of_law	Tax	3	2,171	11-17-2011, 10:40 PM
		Thread: tax return and wealth statement for exporters Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by rufntuf22 thanks for your guidence. You have clearified lot of confusions. I have few more questions As for as the law state that withholding tax deducted at source is final...	student_of_law	Tax	5	4,627	11-17-2011, 09:20 PM
		Thread: Confusion: Tax on Land and Property Post: Currently there is only property tax on immovable ... Currently there is only property tax on immovable properties. It is a provincial tax. It is based on annual rental value, i.e. rent that a property may fetch annually. However, in this regard, Governm...	student_of_law	Tax	2	1,815	11-17-2011, 05:06 PM
		Thread: Tax Adjustment and previous returns. Post: When you furnish return, by virtue of s.120, it ... When you furnish return, by virtue of s.120, it is taken as assessment order made by the Commissioner for all the purposes of the Ordinance. So if your tax year 2010 return shows refund, you can ...	student_of_law	Tax	4	2,041	11-16-2011, 11:21 PM
		Thread: Is PM Relief Fund donation amount Exempted to Tax Post: Contribution to EOBI & General insurance is not ex... Contribution to EOBI & General insurance is not exempt Contribution / donation to PM relief fund would reduce the taxable income by the amount donated under clause 61(xxxviii) of Second Schedule of...	student_of_law	Tax	2	1,610	11-16-2011, 11:15 PM
		Thread: Filing Tax Returns for Past Years Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Aikkhilari [quote] So there is a penalty even if there is no TAX PAYABLE What is the quantum of penalty If tax payable is zero there is no penalty in viw of the j...	student_of_law	Tax	5	2,485	11-03-2011, 08:35 PM
		Thread: Filing Tax Returns for Past Years Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Aikkhilari Assalam-o-Alaikum What are the provision available to voluntarily declaring your past years income. Are there any charges or/and penalties? Can you still file...	student_of_law	Tax	5	2,485	11-03-2011, 07:41 PM
		Thread: Adjustment of over deduction of Income Tax Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by mughees.siddiqui Please explain how to adjust over deduction in next year. Following link may contain some information relevant to your question; http//www.accountan...	student_of_law	Tax	6	2,514	11-03-2011, 06:09 AM
		Thread: Need Help W.H Tax Adjustment to reduce salary tax Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by quaidian I followed the whole discussion thread but it didn't answer 1- how to adjust tax against PTCL bill and how to adjust if phone is not at your name 2- what if after...	student_of_law	Tax	38	29,149	11-03-2011, 05:45 AM
		Thread: Date of Furnishing annual income tax return Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by quaidian What happens if one fails to submit his annual income tax returns on define date. I am talking about individual salaried person. According to s.182(1) of In...	student_of_law	Tax	13	7,098	11-03-2011, 04:59 AM
		Thread: Tax Exemption "Software Export" Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by rehanjaved00 Thanks for the help..Please correct me if i am wrong , as per my understanding after reading that post is Net sales = Receipts from export+ Local sales Cost...	student_of_law	Tax	9	3,605	11-03-2011, 04:39 AM
		Thread: Date of Furnishing annual income tax return Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by nomanejaz2009 oh thanks, asal hamara tax lawer keh raha tha k salary individual ki i.tax return jama karane ki last date 31st august hai to main confuse ho gaya tha. It...	student_of_law	Tax	13	7,098	11-02-2011, 10:45 PM
		Thread: Tax Exemption "Software Export" Post: Regarding costs and expenses, in calcuating your t... Regarding costs and expenses, in calcuating your taxable income under normal regime, i.e. income from local sales, you will only deduct the expenses relating to income generated through local sales. H...	student_of_law	Tax	9	3,605	11-01-2011, 11:54 PM
		Thread: tax return and wealth statement for exporters Post: Right. Tax deducted at source from exporters is fi... Right. Tax deducted at source from exporters is final. s.154(4)of the INcome Tax Ordinance, 2001. Every individual whose income is subject to final tax deduction shall file wealth statement if deduct...	student_of_law	Tax	5	4,627	11-01-2011, 05:54 PM
		Thread: AGM and members.. Post: A very good analysis - really appreciable. Rega... A very good analysis - really appreciable. Regarding first, justification may be given that, a company is not a listed company since its incorporation. It has to take steps afterwards for getting l...	student_of_law	Corporate Governance	8	7,078	10-31-2011, 05:20 PM
		Thread: What is Presumptive Tax Regime ? Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by amerrafique Assalam o Alaikum to all forum members after omission of section 155(2) and keeping in view section 15 please also give your opinion (specially student of law ...	student_of_law	Tax	14	10,260	10-30-2011, 12:21 AM
		Thread: IT ENABLED SERVICES Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by wicky hi can any body plz explain the following points ( just revising my studies) 1; I.T enabled services are exempt at present in Pakistan. But what if the foreig...	student_of_law	Tax	3	1,873	10-30-2011, 12:07 AM
		Thread: tax on rent Post: According to s.155 of the Income Tax Ordinance, ... According to s.155 of the Income Tax Ordinance, 2001 Every prescribed person making a payment... (including a payment by way of advance) to any person on account of rent of immovable property, shal...	student_of_law	Tax	2	1,657	10-29-2011, 11:57 PM
		Thread: Tax Exemption "Software Export" Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Aikkhilari [quote]Originally posted by student_of_law On conversion part, I still have some doubts. The amount which I have received in my GBP account have not been act...	student_of_law	Tax	9	3,605	10-29-2011, 04:03 PM
		Thread: Wealth Statement Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by amerrafique Assalam o Alaikum Your reply was very comprehensive student of law and was based on the assumption that the car was not used for the purpose of business hence ...	student_of_law	Tax	11	4,932	10-29-2011, 01:22 PM
		Thread: Tax on salary arrears. Post: You may find a very elaborative answer to your que... You may find a very elaborative answer to your query at the following link http//www.accountancy.com.pk/forum/topic.asp?topic_id=26784 In case of further query please post it there as this would...	student_of_law	Tax	2	1,477	10-29-2011, 12:21 PM
		Thread: GST Post: As far as I understand the sales tax law, generall... As far as I understand the sales tax law, generally, it is duty of person making supplies to pay tax. [s.3(3)]of the Sales Tax Act, 1990] A person at receiving end has no liability in this regard e...	student_of_law	Tax	2	1,621	10-28-2011, 08:30 PM
		Thread: What is Presumptive Tax Regime ? Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by LapTop ji bilkul,,, app rental income par Senior Citizen rebate nahi lay sakty. The answer that one is not entitled to senior citizen rebate on tax deducted from his...	student_of_law	Tax	14	10,260	10-28-2011, 08:02 PM
		Thread: Wealth Statement Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Information Consultant it means if we have a vehicle mention in our wealth 2010 cost rs 950000 and sold it Rs 800000 and buy a new one Rs 1100000 . We will mention in o...	student_of_law	Tax	11	4,932	10-28-2011, 07:34 PM
		Thread: Tax Exemption "Software Export" Post: Regarding first query, I think you should enter yo... Regarding first query, I think you should enter your income only in column 29 (i.e. exempt business income) Leave the above columns 1 to 21 blank. Regarding, time of conversion of value of currency...	student_of_law	Tax	9	3,605	10-28-2011, 06:53 PM
		Thread: e-Filing for Business Individual Post: In addition to proviso to s.115, Rule 73 of Income... In addition to proviso to s.115, Rule 73 of Income Tax Rules, 2002 contains the categories of persons who are required to file return electronically. Rule 73 no where says that every business individu...	student_of_law	Tax	3	1,806	10-21-2011, 04:06 PM
		Thread: Treatment of Profit getting on PLS A/C Post: The amount transferred to Sr.24 of Annexure B wi... The amount transferred to Sr.24 of Annexure B will also include surcharge deducted ,if any. For example a person has only one income subject to final taxation i.e. profit on debt paid in June amo...	student_of_law	Tax	4	2,582	10-18-2011, 11:59 PM

Pages (4): 1 2 3 4 Next »