Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Refund adjustment
10-27-2010, 05:19 PM,
#1
Refund adjustment
my tax had been overdeducted by my employer in year 2008-2009 for Rs. 3,539/- now this year (2009-2010) i have tax payable for Rs. 429/- which i want to adjust with last year over deducted amount.

Kindly let me know what's the way to adjust refund with tax payable.

as mentioned in IT2 (41 Refund Adjustments (not exceeding current year's tax payable)
regadrs...shz
Reply
10-27-2010, 05:36 PM,
#2
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by sheraz</i>
<br />my tax had been overdeducted by my employer in year 2008-2009 for Rs. 3,539/- now this year (2009-2010) i have tax payable for Rs. 429/- which i want to adjust with last year over deducted amount.

Kindly let me know what's the way to adjust refund with tax payable.

as mentioned in IT2 (41 Refund Adjustments (not exceeding current year's tax payable)
regadrs...shz

<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

is there anyone who can help me out quickly, as only 3 days left to e-file return. please
Reply
10-28-2010, 07:32 PM,
#3
 
Section 170-
(3) Where the Commissioner is satisfied that tax has been overpaid, the Commissioner shall —

(a) apply the excess in reduction of any other tax due from the taxpayer under this Ordinance;

(b) apply the balance of the excess, if any, in reduction of any outstanding liability of the taxpayer to pay other taxes; and

© refund the remainder, if any, to the taxpayer.
Reply
10-29-2010, 02:25 PM,
#4
 
it takes how many days for getting refund amount?
Reply
10-30-2010, 02:16 PM,
#5
 
Friends i m waiting for ur replys.....
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Accountancy | Return to Top | | Lite (Archive) Mode | RSS Syndication