Withholding Sales tax - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8) +--- Thread: Withholding Sales tax (/showthread.php?tid=7507) |
Withholding Sales tax - smimranhaider - 03-01-2010 Dear All Plz tell me that on which value the withholding tax will be deducted if we are also deducting withholding ST. E.g Purchase 100 Units of A @ Rs 50/-per unit excluding ST 16% & SED 1%. Invoice Value 5,000 + 850 (ST 800, SED 50) = 5,850 Withholding Amount for Sales Tax = 170 Balance Payable Amount = 5,000 + 680 = 5,680 Now in which amount we will deduct Direct Tax. - LapTop - 03-01-2010 App 204.75/= rupees deducted karo gay Income Tax @3.5%, Income Tax hamesha withheld hota hay gross amount par including all taxes. - smimranhaider - 03-02-2010 <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i> <br />App 204.75/= rupees deducted karo gay Income Tax @3.5%, Income Tax hamesha withheld hota hay gross amount par including all taxes. <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> Thanks for your kind support - Riftaj - 03-09-2010 you must be calculated i tx on whole invoice price ok i mean RS 5850, the amount of i tax will Rs 205/= Rifi <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by smimranhaider</i> <br />Dear All Plz tell me that on which value the withholding tax will be deducted if we are also deductiong withholding ST. E.g Purchase 100 Units of A @ Rs 50/-per unit excluding ST 16% & SED 1%. Invoice Value 5,000 + 850 (ST 800, SED 50) = 5,850 Withholding Amount for Sales Tax = 170 Balance Payable Amount = 5,000 + 680 = 5,680 Now in which amount we will deduct Direct Tax. <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> |