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متابعة

Is Withholding Income Tax system failure of Government to collect direct taxes.?

<p>Income tax are deducted at source called withholding tax and are deposited into Government treasury by tax withholding agent.</p>

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تم إضافة السؤال من قبل atif ahmed pathan , Senior Accountant , Falcon Abrasives (Pvt) Ltd.
تاريخ النشر: 2014/09/28
Ishani Parikh
من قبل Ishani Parikh , Senior Accountant , GRS-Acciona-Ghella DEWA III O&M JV

No, withholding of income tax is infact a benefit to the government as it leads to benefit in terms of time value of money and less tax evasion. It is a method adopted by the government in order to reduce tax evasion due to non payment of tax by issuing wrong bills. It is  like a tax deducted at source.

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