Implementation of the '10 flood surcharge billion new scandal

Islamabad (Cheema) government under a secret deal to protect the rich and punish the poor caught the dyed hands because 15 percent tax, which flood the Presidential Ordinance was enforced only under the normal tax has been imposed on donorsleft big traders. this treasure 10 billion damage. Riffat Shaheen Qazi FBR spokeswoman admitted that Flood Tax Ordinance through the language used in corporate institutions left. They said, "Yes on this point (Ordinance) (corporate taxpayers) is not applicable to this thing / matter note was found. The question of response they (Riffat Shaheen Qazi) said that corporate Ordinance to include taxpayers will be amended. "financial year January to December so the rich multinational companies, mostly companies' banks and oil companies are including non-inclusion in the tax field about the reality of Karachi some tax experts warned. The experts in court to challenge discriminatory legislation preparation was talking about. Parliament without consulting the tax imposed by President of the case because any nation that did not notice U.S. killer that night on the release of Raymond E. Davis was doing. also an expert in accordance with the robbery of midnight is unique in every way could not take notice. a class of society which has already killed poverty and benefit who receive large business elite 'multinational companies' bank' insurance companies and oil and gas companies are running is giving more tax law discriminates against. Ordinance makes a cursory review to know how 31December to file corporate tax returns to taxpayers sister has left. bdnyty presidential ordinance of government appears in clause 4 A. 4 A. According to the surcharge. 1) all tax under this Ordinance able donor and Income Tax 15 per cent surcharge will pay to which Part V of Chapter X and XII under the payable tax included or circumstances and that the ordinance issued 30 June 2011 period to be. "2) surcharge Similarly pay 'received' deduction or collection will be provided as this Ordinance, including Chapter X or XII or whatever form are under tax 'received' deduction or submitted is. This surcharge 2010 or the years before tax applicable to will and all section I clause of the tax for the year 2011 applicable to be. "As far as corporate tax is concerned, the Head / applied in 2011 for the amount 31 December 2010 to submit because alltax years, a year in advance is calculated. In this respect, see if 2010 actually 2011 tax year and thus the next years is the state. However, corporate tax year on December 31 ends the individual taxpayers tax year on June 30 ends. 15 March issued one presidential ordinance June 30, 2011 ending will be. thus subject to individual taxpayers will be on and corporate taxpayers whose tax year 2011 before December 31, 2010 the lost, but his application will not. their taxpayers March and June quarter advance tax liability as a surcharge paid will not because these two quarter 2012 tax year count is. All Banks 'Insurance companies' most multinational companies and oil and gas companies on December 31 as its accounting year end are used. an estimated if these institutions are added to the Presidential Ordinance in two quarters during the flood surcharge applied to achieve 10 billion. This new release also asked for an ordinance spelling mistake (Spelling) and facts / statistics is full of errors. For example, in Section 4 A copy of the Ordinance in the first word instead PercentPercant written shows. Thus section 4 O's fourth line like this was written. "Under Part V of Chapter X of Chapter XII" and the Income Tax Ordinance 2001, in Part V of the Capter X and Capter XII notis. the ordinance now income, lack of full to short-term flood taxes for the amendment has been. Ordinance and the Income Tax Ordinance 2001, in the word "surcharge" praise was not. Tax experts say that income Tax Ordinance Department (63) 2 I appreciate it must be because the kind of situation that I challenged in court can be. surcharges Income Tax Ordinance 2001, Section 168 also was not included every department of tax collection or submit related and thus the surcharge for credit legally claim can not be. Thus surcharge Income Tax Ordinance 2001, Section 169 involved in is not. each section final tax as a tax or cut deals with recovery. According to tax experts, which means 15 percent surcharge to file income tax returns were submitted and can be called as ryfnd. a tax expert as "the deliberate errors and the Ministry of Law and FBR officials to prevent the flood tax makers refrain from large traders and saved them from 10 billion. they get in return is that it can be applied only to measure ".