Withholding Tax on Banking Transactions

[pomi_pbs]

And even after reading this pathetic reply of bank, you don't feel ashamed maintaining your account with that bank. Apologies if my comment seems harsh on you.

Ashamed, Angry, pathetic, I am feeling so many things now, but only matters 10 years of credit history with bank coz millions of transaction in it, will not be easy to leave just like that instead just to use it other way and take the amount out everyday less then 50,000 to transfer in other banks.

[mohummed.ahmed]

Ashamed, Angry, pathetic, I am feeling so many things now, but only matters 10 years of credit history with bank coz millions of transaction in it, will not be easy to leave just like that instead just to use it other way and take the amount out everyday less then 50,000 to transfer in other banks.

Dear brother, every action has an equal and opposite reaction. If the bank isn't paying any heed to solve your problem, rather deducting tax illegally, you have all rights to teach them a good lesson by stopping to bank with them for some time, and take out all cash from your account. You have to fight for your rights rather than settling for some thing less (viz. making less than 50,000 rupees transfer to avoid deducting tax, which shouldn't be deducted otherwise). Regards.

[pomi_pbs]

Dear brother, every action has an equal and opposite reaction. If the bank isn't paying any heed to solve your problem, rather deducting tax illegally, you have all rights to teach them a good lesson by stopping to bank with them for some time, and take out all cash from your account. You have to fight for your rights rather than settling for some thing less (viz. making less than 50,000 rupees transfer to avoid deducting tax, which shouldn't be deducted otherwise). Regards.

I have finally plan to transfer all my funds in some other banks also from last 1 week I am doing transaction 49,500 not more than that a day if requires. Anyhow bank is really stupid and they are now do not want to believe on the document what actually has been provided by the,

[abid110]

If i am a filer now, do i need to tell my banks, investment company, share broker? Also, now my dividends should not be taxed as per non filer rates. Can anyone guide me

[ahstpk]

If i am a filer now, do i need to tell my banks, investment company, share broker? Also, now my dividends should not be taxed as per non filer rates. Can anyone guide me

filer of which year 2016 or 2015?
if both then with maximum in week you will have your status updated as filer. if 2016 only then status will change on march 2016.

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[abid110]

filer of which year 2016 or 2015?
if both then with maximum in week you will have your status updated as filer. if 2016 only then status will change on march 2016.

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2014 and 2015... 2016 tax year will end on 30th june 2016 so not possible to file now. Probably my status will be active by monday as i filed jn current week

[pomi_pbs]

On FBR Website for fiscal Year 2016 - 2017

01st July 2015 o 30th June 2016

Assignment 120 (Order to make Self assessment) is not available....what should we do?

[capsat]

Wait & enjoy aam (mangoes)

if & when the new income tax forms are finalized with due deliberation with business & industrial community FBR will open the website & the submission date will remain open for 90 days extendable to further 90 days.

I wish some more sanity prevail for submitting tax returns among people, like you are keen to keep your tax updated & documentation straight stay blessed

On FBR Website for fiscal Year 2016 - 2017

01st July 2015 o 30th June 2016

Assignment 120 (Order to make Self assessment) is not available....what should we do?

[pomi_pbs]

Wait & enjoy aam (mangoes)

if & when the new income tax forms are finalized with due deliberation with business & industrial community FBR will open the website & the submission date will remain open for 90 days extendable to further 90 days.

I wish some more sanity prevail for submitting tax returns among people, like you are keen to keep your tax updated & documentation straight stay blessed

Thanks and best regards.

[lazers]

On FBR Website for fiscal Year 2016 - 2017

01st July 2015 o 30th June 2016

Assignment 120 (Order to make Self assessment) is not available....what should we do?

Can anyone tell me what is this assignment 120 (order to make self assessment) ?

[capsat]

120 appears only after 114 is submitted.

Can anyone tell me what is this assignment 120 (order to make self assessment) ?

[lazers]

120 appears only after 114 is submitted.

I filed income tax and wealth tax and it went to completed tasks. Later on I logged in again and saw that there is form 120 in completed tasks. What do I need to do next.

[lazers]

Oops I thought was posting on another thread but this is withholding tax. I thought I was posting on how to file income tax..sorry.

[pomi_pbs]

I filed income tax and wealth tax and it went to completed tasks. Later on I logged in again and saw that there is form 120 in completed tasks. What do I need to do next.

I am afraid as of 2015 this time in 2016 form 120 is being generated automatically based on form 114 and 116 as i have not done 120 by my self by final decesion is accepted by the system it means i am finally done with my 2016 tax submission.

[abid110]

116(2) is wealth..

114(1) is return submission

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