03-15-2011, 03:06 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by ejaz bhutta</i>
<br />Dear Laptop bhai,sorry as I did not got your point.. jahan tak meri understanding hay, U/s 15 read with section 56, there is no provision which expressly pohibits the adjustment of the property income at which tax was not deducted u/s 155 and loss incurred under any other head except capital loss and speculation loss. Meray khyal main Income u/s 15 is proper head of income u/s 11 and not separate class income as mentioned in u/s 4 about Income u/s 5,6,7 although the nature is same. Aur meri understanding k mutabiq classification of Property income u/s 11 as head of income may be construeded that the same can be used to adjust loss as provided u/s 56.
Thanks And regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Is ko samajhny k liye ap ik kaam karyn, annual income tax return k Colum No.65. (Property Income Subject to WHT) may 300000 ka amount dalyn, to system automatically tax 7500 nikal day ga.
Ab ap farz karty howay k is person ki 300000 ki 1 or property income hay jis par tax withheld nahi howa,
Ye 300000 ka amount ap Colum No.76 (Property Income Not Subject to WHT) may dalayn or daykhay k system kya tax calculate kary ga,
System is amount par 20000 tax calculate kary ga, wo dono income ko add kar k 600000 k hisab say ap ka tax 27500 bana day ga,
Is say ap ko samajhny may aasani ho gi.
<br />Dear Laptop bhai,sorry as I did not got your point.. jahan tak meri understanding hay, U/s 15 read with section 56, there is no provision which expressly pohibits the adjustment of the property income at which tax was not deducted u/s 155 and loss incurred under any other head except capital loss and speculation loss. Meray khyal main Income u/s 15 is proper head of income u/s 11 and not separate class income as mentioned in u/s 4 about Income u/s 5,6,7 although the nature is same. Aur meri understanding k mutabiq classification of Property income u/s 11 as head of income may be construeded that the same can be used to adjust loss as provided u/s 56.
Thanks And regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Is ko samajhny k liye ap ik kaam karyn, annual income tax return k Colum No.65. (Property Income Subject to WHT) may 300000 ka amount dalyn, to system automatically tax 7500 nikal day ga.
Ab ap farz karty howay k is person ki 300000 ki 1 or property income hay jis par tax withheld nahi howa,
Ye 300000 ka amount ap Colum No.76 (Property Income Not Subject to WHT) may dalayn or daykhay k system kya tax calculate kary ga,
System is amount par 20000 tax calculate kary ga, wo dono income ko add kar k 600000 k hisab say ap ka tax 27500 bana day ga,
Is say ap ko samajhny may aasani ho gi.
