09-08-2010, 07:39 PM
<b>PAYMENTS FOR SERVICES. [Section 153(b)]</b>
As a result of amendment made vide Finance Act, 2009, in sub-section (6) of Section 153, tax deducted on payments made for rendering or providing of services will be considered as minimum tax and henceforth all the taxpayers falling in the ambit of section 153(1) (b) shall file return under the normal tax regime instead of statement under final tax regime.
Yani k ab Services ki Income ab Final Tax regime may nahi balky Minimum Tax regime may shamil kar di gai hay, or pahly han services ki income ko FTR may laity howay usy Statements of Final Tax U/S 115 (4) may declare karty thay, ab hamy us ki jaga return of income U/S114 jama karwana ho ga.
Services income par tax ki calculation bhi kuch ajeeb si kar di gai hay or return of income 2010 jo issue kiya gya hay kafi mushkil laga mujhay is hawaly say, to may nay socha k is par thori bat kar li jaye, taky jin logo nay Services ki income ki tax calculation karni hay or return file karna hay un ki problem solve ho jaye.
Missal k tor par services ki income hay 300000/-
Or tax deduct howa hay 6% k hisab say 18000/-
Ab ap jab return of income U/S114 file karty han to gross receipts yani 300000 may say ap cost of services rendered 100000 less kar k 200000 taxable income nikalty han.
To normal tax slab 4% k hisab say 8000 tax bany ga,
Daykha jaye to 18000 to tax ap already pay kar chuky han us may say 8000 tax liability less karny say 10000 refund bana chayea , par yahan aysa nahi ho ga, ap ki tax liability 18000 hi consider ki jaye giâ¦..
Is k baraks agar tax liability zayada ho jo tax 6% k hisab say deduct howa hay us say to jo difference aaye ga wo pay karna pary ga.
Return file karty howa ik baat k khayal rakye ga k agar services ki income hay to online return file karyn, manual return may minimum tax U/S135(b) k liye koi option nahi diya gya hay.
As a result of amendment made vide Finance Act, 2009, in sub-section (6) of Section 153, tax deducted on payments made for rendering or providing of services will be considered as minimum tax and henceforth all the taxpayers falling in the ambit of section 153(1) (b) shall file return under the normal tax regime instead of statement under final tax regime.
Yani k ab Services ki Income ab Final Tax regime may nahi balky Minimum Tax regime may shamil kar di gai hay, or pahly han services ki income ko FTR may laity howay usy Statements of Final Tax U/S 115 (4) may declare karty thay, ab hamy us ki jaga return of income U/S114 jama karwana ho ga.
Services income par tax ki calculation bhi kuch ajeeb si kar di gai hay or return of income 2010 jo issue kiya gya hay kafi mushkil laga mujhay is hawaly say, to may nay socha k is par thori bat kar li jaye, taky jin logo nay Services ki income ki tax calculation karni hay or return file karna hay un ki problem solve ho jaye.
Missal k tor par services ki income hay 300000/-
Or tax deduct howa hay 6% k hisab say 18000/-
Ab ap jab return of income U/S114 file karty han to gross receipts yani 300000 may say ap cost of services rendered 100000 less kar k 200000 taxable income nikalty han.
To normal tax slab 4% k hisab say 8000 tax bany ga,
Daykha jaye to 18000 to tax ap already pay kar chuky han us may say 8000 tax liability less karny say 10000 refund bana chayea , par yahan aysa nahi ho ga, ap ki tax liability 18000 hi consider ki jaye giâ¦..
Is k baraks agar tax liability zayada ho jo tax 6% k hisab say deduct howa hay us say to jo difference aaye ga wo pay karna pary ga.
Return file karty howa ik baat k khayal rakye ga k agar services ki income hay to online return file karyn, manual return may minimum tax U/S135(b) k liye koi option nahi diya gya hay.