09-29-2011, 12:33 AM
There is a little error in your post . According to current Income Tax Return, Surcharge payable won't be 500,000/12*3.5 but it would be [15% of 500,000/12*3.5]
Apart from this you are absolutely right. This is illegal. Law/ Ordinance imposing surcharge was promulgated on 15th March. It specifically made the law applicable from the date of its promulgation to June. FBR cannot charge surcharge on income accrued prior to March. It is illegal without any doubt.
Earlier FBR had rightly issued page 2 and page 3 separately for income before March 15 and after March 15, but afterwards owing to some irrational advice and foolish advisor, FBR applied surcharge on pro rata basis which is illegal.
We are writing to FBR on this tomorrow. <u>You all are advised to raise your voice, the least we can and we should do to safeguard our rights and to bring to limelight the unwise advisors to FBR.</u>
Second step would be filing writ petition before the High Court. We are considering this step and have put this before our clients who have been prejudiced by this act of FBR.
Apart from this you are absolutely right. This is illegal. Law/ Ordinance imposing surcharge was promulgated on 15th March. It specifically made the law applicable from the date of its promulgation to June. FBR cannot charge surcharge on income accrued prior to March. It is illegal without any doubt.
Earlier FBR had rightly issued page 2 and page 3 separately for income before March 15 and after March 15, but afterwards owing to some irrational advice and foolish advisor, FBR applied surcharge on pro rata basis which is illegal.
We are writing to FBR on this tomorrow. <u>You all are advised to raise your voice, the least we can and we should do to safeguard our rights and to bring to limelight the unwise advisors to FBR.</u>
Second step would be filing writ petition before the High Court. We are considering this step and have put this before our clients who have been prejudiced by this act of FBR.
