09-28-2009, 06:00 PM
Dear,
The said agency is obliged to deduct tax from your invoice, since the event has been taken place before the exemption could have been provided, Had the event been taken place after July 09 then no tax would have been withheld.
However, there is a great certainity that, after manipulation, the said agency would evade tax payment,since this has now been abolished and will be easy for him to deduct payment from your invoice by falsification but avoid paying the same to make its own black money.
To tackle the aforesaid problems, you are required to;
- Let him deduct tax by whatever percent and ask for the tax challan, that will be evidence for you that tax has been deposited by KIMCO.
- If KIMCO does not provide tax challan within 15 days of the payment(after he pays you) then ask for the amount deducted by him on the grounds that tax has not been deposited by them.
- Time and again ask for either tax challan or amount deducted on account of tax.
- If you have not filled your return of tax yet then claim the same in the tax return, i.e. a rebate in tax should be claimed.
- If you have filled tax return for the year then tax deducted by KIMCO will be carried forward as per the rules provided in the ordinance.
Queries will be appreciated , if asked
Best Regards,
The said agency is obliged to deduct tax from your invoice, since the event has been taken place before the exemption could have been provided, Had the event been taken place after July 09 then no tax would have been withheld.
However, there is a great certainity that, after manipulation, the said agency would evade tax payment,since this has now been abolished and will be easy for him to deduct payment from your invoice by falsification but avoid paying the same to make its own black money.
To tackle the aforesaid problems, you are required to;
- Let him deduct tax by whatever percent and ask for the tax challan, that will be evidence for you that tax has been deposited by KIMCO.
- If KIMCO does not provide tax challan within 15 days of the payment(after he pays you) then ask for the amount deducted by him on the grounds that tax has not been deposited by them.
- Time and again ask for either tax challan or amount deducted on account of tax.
- If you have not filled your return of tax yet then claim the same in the tax return, i.e. a rebate in tax should be claimed.
- If you have filled tax return for the year then tax deducted by KIMCO will be carried forward as per the rules provided in the ordinance.
Queries will be appreciated , if asked
Best Regards,
