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Withholding Sales tax
03-01-2010, 05:54 PM
Post: #1
Withholding Sales tax
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.
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03-01-2010, 07:22 PM
Post: #2
 
App 204.75/= rupees deducted karo gay Income Tax @3.5%, Income Tax hamesha withheld hota hay gross amount par including all taxes.
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03-02-2010, 11:19 PM
Post: #3
 
<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
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03-09-2010, 03:47 PM
Post: #4
 
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">
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