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Accountancy Forum The Profession Tax v
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Refundable Tax & Payable tax

 
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Refundable Tax & Payable tax
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#2
12-03-2011, 03:24 AM
Dear Salman
Pls note that
Refundable tax = if Input > Out Put
Payable Tax = if Input < Out Put

if you are registered in RTO and sales to LTU registered person. They will deduct your 1 % of gross amount as WH Tax.
1 % income tax at import stage is not refundable, sales tax at import stage is adjustable / refundable against out put tax as given procedure above.

for further clarification please elaborate your question.

regards

Umar
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Messages In This Thread
Refundable Tax & Payable tax - by SalmanKhan1982 - 11-04-2011, 12:21 AM
[No subject] - by [email protected] - 12-03-2011, 03:24 AM

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