06-24-2006, 08:00 AM
Well u may find articles regarding it. also on this forum. But it is not a term of law and not defined or specifically discussed in any statute. it is a common tax term.
u may also read section 5,6,7 and 8 of the Income Tax Ordinance.
The main crux of it is that the withholding tax deducted from u is the final tax. and u can not claim any expense regarding that income. and ur that income will also not be counted for determining ur tax liability.
u may also read section 5,6,7 and 8 of the Income Tax Ordinance.
The main crux of it is that the withholding tax deducted from u is the final tax. and u can not claim any expense regarding that income. and ur that income will also not be counted for determining ur tax liability.
