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Above Image Shows Token Tax Amount Calculation
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This may be refund using FBR refund procedure or if your employer deduct income tax from monthly salary, you may produce this tax receipt to the relevant person so they don't deduct until this amount is settled
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In the case if the owner is un-employed then he still have to pay this tax to excise? Because in this case he will have no employer to ask for tax adjustment.
Saad Zafar do you submit return and annual income tax to FBR?
Not submitting from last 2 years. but I can submit now if it helps
Saad Zafar as per my information there is no waiver, refund or adjustment may be possible. Your tax consultant may forge a way.
Thanks Sajjad :)
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you have to show wealth statement and process file return at the end of they you will have to pay more than 8k to lawyer or to the person who will do that for you :D
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So we need to show wealth statement to excise department? If wealth statement can be produced, then this amount can be waived?
I think so yes this amount can be waived off but i have asked my friend who process my annual return let him reply i will let u know.
Thanks. I am waiting
Saad Zafar He said Car token pe jo income tax pay hota hai wo adjustable hota hai
Adjustable kahan aur kaisy hota hai? Any info he shared
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This amount will have to be paid in any case. All you can do is to ask your employer to adjust this Income Tax from tax liability on your salary income by providing him evidence of payment of Income Tax on vehicle.
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Do you file returns?
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Furrukh Sohail not from last 2 years. But I can if it helps
Saad Zafar if you file returns then add this amount to tax adjustable and line for collects with motor vehicle category. In submission if your total paid tax is more than you actually owe take a print out and send it to yirh company accounts they shall adjust it in next year's tax deduction.
Furrukh Sohail what if I am not doing job anymore?
Saad Zafar then still only way to get refund is to file return. If you show your self dependant then make sure you don't put person you are deodant on in problem
Furrukh Sohail thanks dear
 
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