Reund of Taxes Under Income Tax Ord 2001
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07/04/2015
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02/04/2015
Salam
ARE YOU LOOKING JOB OR PROMOTION
1...INCOME TAX with Practical applications,
2...Corporate Laws and Finance applications,
3...Labor & Industrial Laws
All three courses are equally useful for Managers and Job searchers.
Limited seats
Contact Mr. Aman :Cell 03009235414
Salam
Dear Members
I m conducting a Workshop of 2 days on the topic Directors' Training Program in Marriott Hotel. Do attend the course and make possible
(a) Promotions
(b) Managing Businesses
(c) Getting Good Job
Syed Ali Abbas Abidi
Contact Mr. Aman :Cell 03009235414
08/02/2015
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Vocational Programs in KASBIT inaugurated by MQM MNA Khushbakht Shujaat http://www.mqm.org http://www.allaboutmqm.org Vocational Programs in KASBIT ( Khadim Ali Shah Bu..
As per section 170 of the Income Tax Ordinance, 2001 who is entitled to claim refunds and when does an application for a refund become due?
DEAR STUDENTS
SALAM
TAX CLASS GULSHAN 10.30 TO 12.. 30 IS OFF ON MONDAY.
TUESDAY CLASS FROM 10.30 TO 3
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REFUND APPLICATION FORMAT
Q.. How application of refund is made?
Ans. FILE APPLICATION Electronically to Commissioner Inland Revenue
Return Copy attached
Show calculation
(a) Total Income
(b) Tax
(c) Refund tax amount
PERSON ENTITLED FOR REFUND
Who are entitled for refund?
Ans.
Assessee or his representative
In case of Insolvent assessee his receiver
14/01/2015
UNDER REVISION ORDER
14/01/2015
UNDER APPEAL BY ASSESSEE
DEFAULTER ASSESSEE UNDER OTHER TAX LAWS
Q..Sharukh has refund of Rs. 30,000 from Income tax but Sharukh is supposed to pay Sales Tax of Rs. 45000; Will commissioner refuse to give him 30,000?
Ans. Yes. Sharukh is a defaulter here.
REFUND FROM COMMISSIONER
Q.. Can Commissioner withhold refund if he thinks the request is vague?
Ans. Yes.
Q.. If Commissioner withhold refund unjustly then what is the benefit to assessee?
Ans. Department of Income tax pay 1% interest on refund amount after expiry of 3 months.
REFUND FROM COMMISSIONER
Q..IF COMMISSIONER DOES REFUND THEN WHAT ASSESSEE DO?
ANS. COMMISSIONER ALWAYS COMMUNICATE IN WRITING
ABOUT REFUSAL ALONG WITH REASONS.
SHARUKH FILES AN APPEAL BEFORE CIT(APPEAL)
REFUND FROM COMMISSIONER
Q.. Sharukh customers deduct tax above than the rate given by Income tax. Please advise to Sharukh?
Ans. Ask refund from Commissioner Inland Revenue
Q..How many days Commissioner take to PROCESS Request?
Ans. 1-60 days
Q.. How many days Commissioner take to refund after processing of request?
Ans. 1 days to 90 days (3 months),
REFUND FROM COMMISSIONER
Q.. Sharukh customers deduct tax above than the rate given by Income tax. Please advise to Sharukh?
Ans. Ask refund from Commissioner Inland Revenue by filing application via electronically.
Q.. What is the time of refund tax?
Ans. Within 2 years
Q.. What if after 2 years?
Ans. Commissioner may refuse /reject to pay refund