WHAT IS THE DIFFERENCE BETWEEN ADVANCE TAX & WITHHOLDING TAX IN PAKISTANI TAX SYSTEM?

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Taxationist Corporate Consultants

Taxationist Corporate Consultants

Күн бұрын

Withholding is an act of deduction or collection of tax at source, which has generally been in the nature of an advance tax payment.
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Пікірлер: 2
@al-muhasibco.9103
@al-muhasibco.9103 8 ай бұрын
Sir you have stated in this and previous videos that "minimum tax can only be adjusted current year tax lability " however as per section 113(c) minimum tax shall be carried forward and adjusted against tax liability for 3[three] tax years "Provided further that the amount under this clause shall be carried forward and adjusted against tax liability for 3[three] tax years immediately succeeding the tax year for which the amount was paid. Please clarify
@taxationistcorporateconsultant
@taxationistcorporateconsultant 8 ай бұрын
will IA make a detailed video on that..
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