+- 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: Deduction of Income Tax u/s 153 (/showthread.php?tid=8434)
Pages:
1
2
Deduction of Income Tax u/s 153 - hashijat - 07-27-2010
What is the maximum amount of a transaction on which income tax is not required to be deducted while making payment to someone.
- LapTop - 07-27-2010
The monetary limit of exemption from deduction of tax from payments account of supply of goods has been raised to Rs. 25,000/-. Previously the laid limit was Rs. 10,000/- as notified vide SRO. 586(I)/91 of 30th June, 1991. In respect of payments made on account of services rendered or execution of a contract, the monetary limit of exemption shall be Rs, 10,000/-. Now withholding tax shall not be deducted from the aforesaid payments unless such payments exceed Rs. 25,000/- in the case of supply of goods and Rs. 10,000/- in the case of services rendered or execution of a contract, in a financial year. However, if such payments exceed the above monetary limits during a financial year, then tax shall be deducted from all payments exceeding the said limits. Tax shall also be deductible on all such payments made earlier from which no deduction of tax was made.
- Marium Khan - 07-28-2010
Laptop I want to check this exemption limit
- LapTop - 07-28-2010
kaysy check karna chahyn gi??????????????????? hahahahaha
- LapTop - 07-28-2010
http//www.fbr.gov.pk/newdt/circulars/1991cir26.pdf
- Information Consultant - 07-28-2010
yar wo tum say pooch rhi hay tum tafrih kar rhay ho anyways tumhara dya hua link baray kam ka hay
- Marium Khan - 07-28-2010
Offcourse circular regarding Exemption of tax deducted at source
- Marium Khan - 07-28-2010
Why exporter can't deduct tax at source,will u plz explain?
- LapTop - 07-28-2010
Double Taxation ho jati hay na is liye exporter deduct nahi karta
- Marium Khan - 07-29-2010
Double Taxation kyun?Sory bt mugy to Tax ki ABC bi nai ati to mugy to detail mn clearification chahiay hoti hai
- ciapk - 07-29-2010
Double taxation mean idhr exporter tax deduct kr laita hay importer sy or jb next country main pohnchta hy tu us country main deduct ho jata hy tu importer baychara 2 bar tax kiun day ga, so is maqsad k liay countries ki apas main double taxation avoid krnay k liay treaty hoa krti thi shaid, kiun bhai laptop? -)
- Marium Khan - 07-29-2010
Can u give me any example?
- ciapk - 07-29-2010
http//www.fbr.gov.pk/newdt/TaxTreaties/Defualt.asp
Pakistan has avoidance of double taxation treaties with above mentioned countries details of tax avoided by such treaties vary country to country so you have to find out the example on above link
- LapTop - 07-29-2010
Marium,,,,,,
May mazak kar raha tha, hahahahahaha
Daykho jab aap koi item export karo gi to aap payment karo gi nahi balky wasol karo gi, or jab payment wasol karo gi to aap to deduct kar nahi sakti na, hahahahahah
Or CIAPK bhai aap bhi na or confuse kar diya na marium ko, hahahahahahaha
- ciapk - 07-29-2010
Main ny double taxation ko define kia hy -)