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Taxation for NGOs
01-27-2012, 12:59 PM
Post: #16
 
Dear Mr. Awais Aftab Aoa, hope you r in good health and spirit!

Please be kind (as always) to resolve my one little query!

I received an invoice as under;

Amount S.T 16% Total
Rs. 400,000- 64,000- Rs. 464,000-

With a late delivery, a deduction of Rs. 20,000- has to be made from due payment. Please guide from which amount i can withhold tax?

1. Would it be straight deduction from gross i.e Rs. 464,000- (464000-20000=444000 @ 3.5%)
2. Would it be on amount before sales tax i.e Rs. 400,000- (400000-20000=380000 x 16%=440800 @ 3.5%)

I shall be very thankful for your prompt reply.
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Messages In This Thread
Taxation for NGOs - Jay - 03-24-2010, 05:47 PM
[] - LapTop - 03-24-2010, 08:51 PM
[] - Jay - 03-25-2010, 01:37 PM
[] - awaisaftab - 03-25-2010, 03:29 PM
[] - akbarkhan2 - 03-25-2010, 05:45 PM
[] - Jay - 03-25-2010, 07:52 PM
[] - LapTop - 03-25-2010, 08:11 PM
[] - awaisaftab - 03-26-2010, 04:00 PM
[] - Jay - 04-07-2010, 07:31 PM
[] - awaisaftab - 04-07-2010, 09:07 PM
[] - Jay - 07-27-2010, 04:02 PM
[] - LapTop - 07-27-2010, 08:29 PM
[] - mzeeshanpk - 09-29-2011, 07:50 PM
[] - student_of_law - 09-29-2011, 09:10 PM
[] - Jay - 01-26-2012, 08:56 PM
[] - Jay - 01-27-2012 12:59 PM
[] - BILAL.SARDAR - 02-05-2012, 09:56 PM
[] - BILAL.SARDAR - 02-05-2012, 09:58 PM

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