06-29-2009, 05:06 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 Queries</i>
<br />is the advance tax paid on electricity allowable to individual.following is the extract of sec
"<b>Electricity consumption</b>.- (1) There shall be collected advance tax at the rates specified in Part-IV of the First Schedule on the amount of electricity bill of a commercial or industrial consumer.
(2) The person preparing electricity consumption bill shall charge advance tax under sub-section (1) in the manner electricity consumption charges are charged.
(3) Advance tax under this section shall not be collected from a person who produces a certificate from the Commissioner that his income during tax year is exempt from tax.
[(4) The tax collected under this section [up to bill amount of twenty
thousand rupees per month] shall be minimum tax on the income of a person (other than a company). There shall be no refund of the tax collected under this section, unless the tax so collected is in excess of the amount for which the taxpayer is chargeable under this Ordinance in the case of a company.]
reading this section i think indivdual cannot claim.please clarify me.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
My dear,
This clause is not applicaple to the residential individuals since they are not subjected to the taxation under section 235, however i mentioned due to the following reasons,
1. Since it is specified in that form, clauses were presented verbatim,
2. A Tax payer may have another business, which is currently tax exempted, in such a case taxpayer may get it adjusted on another source of income.
Best Regards,
<br />is the advance tax paid on electricity allowable to individual.following is the extract of sec
"<b>Electricity consumption</b>.- (1) There shall be collected advance tax at the rates specified in Part-IV of the First Schedule on the amount of electricity bill of a commercial or industrial consumer.
(2) The person preparing electricity consumption bill shall charge advance tax under sub-section (1) in the manner electricity consumption charges are charged.
(3) Advance tax under this section shall not be collected from a person who produces a certificate from the Commissioner that his income during tax year is exempt from tax.
[(4) The tax collected under this section [up to bill amount of twenty
thousand rupees per month] shall be minimum tax on the income of a person (other than a company). There shall be no refund of the tax collected under this section, unless the tax so collected is in excess of the amount for which the taxpayer is chargeable under this Ordinance in the case of a company.]
reading this section i think indivdual cannot claim.please clarify me.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
My dear,
This clause is not applicaple to the residential individuals since they are not subjected to the taxation under section 235, however i mentioned due to the following reasons,
1. Since it is specified in that form, clauses were presented verbatim,
2. A Tax payer may have another business, which is currently tax exempted, in such a case taxpayer may get it adjusted on another source of income.
Best Regards,
