5% tax on rental income

0 Vote(s) - 0 Average

5% tax on rental income

Abdur.Rehman
Offline

Member

Posts: 227
Threads: 0
Joined: Mar 2006
Reputation: 0

#5

06-25-2006, 04:48 AM

But sir this is withholding tax and now also the final tax
as per the latest amendments every person making a payment of rent shall deduct that amount. Slab rates of income are not applicable to it.
As for example, if a company pays dividend amounting to Rs. 500 it will deduct tax irrespective of the income of the individual.
Now rent is also entered into the final tax regime and u r wrong in that case.

« Next Oldest | Next Newest »

Users browsing this thread: 2 Guest(s)

Messages In This Thread

5% tax on rental income - by asad.ahmad - 06-23-2006, 11:59 PM

[No subject] - by Abdur.Rehman - 06-24-2006, 08:04 AM

[No subject] - by Abdur.Rehman - 06-24-2006, 06:59 PM

[No subject] - by massoodakhter - 06-24-2006, 11:17 PM

[No subject] - by Abdur.Rehman - 06-25-2006, 04:48 AM

[No subject] - by asad.ahmad - 06-25-2006, 10:39 PM

[No subject] - by Abdur.Rehman - 06-26-2006, 04:47 PM

[No subject] - by insaan - 06-27-2006, 04:13 AM

[No subject] - by insaan - 06-27-2006, 04:53 AM

[No subject] - by asad.ahmad - 06-28-2006, 06:43 PM

[No subject] - by insaan - 06-28-2006, 10:06 PM

[No subject] - by asad.ahmad - 07-01-2006, 08:53 PM

[No subject] - by Abdur.Rehman - 07-03-2006, 06:20 AM