02-06-2009, 10:48 PM
Dears,
In Pakistan people are not that educated about their rights and they also don't realise their obligations. They at large don't know which taxes are final liability and which ones are adjustable. Tax paid on mobile cards is not just one example.
If some one's income is lesser than the minimum taxable income, he should file income tax return and claim refund of all adjustable income tax paid by him during the whole year. This is very simple and no body can ever deny giving such refund. Such filing has been made quite easier in recent years.
The thing is we should realize our citizenship rights and obligations and we should come out of the short cuts which are always the route we prefer. If we need a transparent documented economy we should opt filing income tax returns and wealth statements (as these have direct linkage with income) even if we are not legally obliged to do so. If we will hide our heads and will adopt the short cut the Govt exchequer will keep on getting undue benefits of such taxes which are never claimed as refundable.
At least we finance professionals should educate the people around us. Please remember my words, nothing is illogical except for our behaviour towards the socio-economic and political responsibilities.
Regards,
KAMRAN.
In Pakistan people are not that educated about their rights and they also don't realise their obligations. They at large don't know which taxes are final liability and which ones are adjustable. Tax paid on mobile cards is not just one example.
If some one's income is lesser than the minimum taxable income, he should file income tax return and claim refund of all adjustable income tax paid by him during the whole year. This is very simple and no body can ever deny giving such refund. Such filing has been made quite easier in recent years.
The thing is we should realize our citizenship rights and obligations and we should come out of the short cuts which are always the route we prefer. If we need a transparent documented economy we should opt filing income tax returns and wealth statements (as these have direct linkage with income) even if we are not legally obliged to do so. If we will hide our heads and will adopt the short cut the Govt exchequer will keep on getting undue benefits of such taxes which are never claimed as refundable.
At least we finance professionals should educate the people around us. Please remember my words, nothing is illogical except for our behaviour towards the socio-economic and political responsibilities.
Regards,
KAMRAN.
