AOA sir I have two questions. Q1. If any person submit cash in my register bank Account with out issuing any invoice to him what will be do, Q2. Will be create sales tax invoice against cash deposit in regester bank account if he does not provide any CNIC no.
السلام وعلیکم Sir, your channel provides enough information to learn tax complications, I have a very important question regarding the annual income tax return. If the company deduct salary tax but doesn't deposit it and the company banned in this situation, the employee whose tax deducted who he can return file do he has to submit application befor the FBR authority or Commissioner about this situation or this is not required by law.
Employee can file return and claim tax which was deducted by the employer. But sec 61 or 62 provide power to fbr that the tax can be recovered from withholding agent and withholding both. So in whose situation Employee will be required to pay. But the chances are very least as in salaried cases fbr don't conduct audit and inquiries .
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AOA sir I have two questions.
Q1. If any person submit cash in my register bank Account with out issuing any invoice to him what will be do,
Q2.
Will be create sales tax invoice against cash deposit in regester bank account if he does not provide any CNIC no.
السلام وعلیکم
Sir, your channel provides enough information to learn tax complications, I have a very important question regarding the annual income tax return. If the company deduct salary tax but doesn't deposit it and the company banned in this situation, the employee whose tax deducted who he can return file do he has to submit application befor the FBR authority or Commissioner about this situation or this is not required by law.
Employee can file return and claim tax which was deducted by the employer. But sec 61 or 62 provide power to fbr that the tax can be recovered from withholding agent and withholding both. So in whose situation Employee will be required to pay. But the chances are very least as in salaried cases fbr don't conduct audit and inquiries .
Thanks a lot sir for complete and detailed answers.