10-03-2009, 05:10 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by M_zeeshanuddin</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by faisal_desperado</i>
<br />Dear Umair,
If the excess amount has been deposited on account of sales tax, then, subject to the specified conditions, it may be adjusted in the next return.
With regards to FED, Practically, there is no bar if the said mistakes have been made, many such discrepancies are noted/found in many cases. No need to worry, actual purpose is to pay tax, head of account is not as much mandatory that it will be tantamount to attract any consequences or penalties.
Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Fesal,
Excess amount paid is sales tax will be adjustable in next period but doesn't the default in payment of FED attracts surcharge?????
i think it will as FED is not paid for current period
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
No consequences would be attracted, sine return has been filled correctly, as Umair said.
Default has been made in the selection of code used while FED is paid, hence neither this effects practically nor any theoretical information with regards to such errors has been provided in the FED act/rules.
Regards,
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by faisal_desperado</i>
<br />Dear Umair,
If the excess amount has been deposited on account of sales tax, then, subject to the specified conditions, it may be adjusted in the next return.
With regards to FED, Practically, there is no bar if the said mistakes have been made, many such discrepancies are noted/found in many cases. No need to worry, actual purpose is to pay tax, head of account is not as much mandatory that it will be tantamount to attract any consequences or penalties.
Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Fesal,
Excess amount paid is sales tax will be adjustable in next period but doesn't the default in payment of FED attracts surcharge?????
i think it will as FED is not paid for current period
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
No consequences would be attracted, sine return has been filled correctly, as Umair said.
Default has been made in the selection of code used while FED is paid, hence neither this effects practically nor any theoretical information with regards to such errors has been provided in the FED act/rules.
Regards,
