Problems with Advance tax on shopkeepers in FBR Tajir Dost Scheme| Tajir Dost Scheme| SRO. 1064

Описание: Computation of Advance Tax

(4) The provisions of the Ordinance shall apply to advance tax due under this paragraph as if the amount due was tax due under an assessment order.

(5) The amount of advance tax under this paragraph shall not be reduced by tax collected or deducted under any provisions of the Ordinance.

(6) The provisions of Income Tax Rules, 2002 contained in Chapter VIIA thereof, shall not apply to a person who pays minimum advance tax under this paragraph.
(7) The provisions of section 147 for advance tax shall not apply in respect of a person defined in paragraph 8 being a filer, if the amount of advance tax the person seeks to pay under section 147 is less than the amount of minimum advance tax computed under this procedure.

(8) The provisions for imposition of penalty under section 182 for sealing of the shop of a person shall apply, if the person fails to pay monthly advance tax under this paragraph for two months in a tax year.”;

city.

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Taxationist Corporate Consultants is a key regional player in tax, corporate consulting and advisory services field within the Pakistan; providing top notch services to the various sectors.
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Presenter Profile:
Mr. Khurram Shahzad Aslam is authorized tax practitioner licensed by Federal Board of Revenue [FBR], CMA (Fin) and member Rawalpindi Islamabad Tax Bar Association [RITBA], emanates with extensive past ten years of experience in construction, retail, development sector, telecom and consultancy services with world’s renowned big-wigs like KPMG, RSM International and WTS Global.
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