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mkamran1976

09-02-2011, 10:06 PM
Dear All Member

Please explain is there any turnover limit for a Private Limited company to become with holding agent, as AOP is required to become withholding agent on turnover over 50 million. please explain

regards,
M.kamran

student_of_law

09-06-2011, 07:53 PM
According to s.153(7) , every company, irrespective of its turnover, has to withhold tax, in respect of the transactions mentioned in s.153
Accountancy Forum > The Profession > Tax > withholding tax agent