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Guidance for Quarterly Statement
01-17-2011, 06:05 PM
Post: #1
Guidance for Quarterly Statement
I need guidance to fill the quarterly statement of Collection or Deduction of Income Tax under section 165 regarding following columns for the employees whose salary is 300,000 per annum.

I mean what to mention in these tabs.

1. Provision_of_Law
2. Exemption_Certificate_No
3. Certificate_Date
4. Certificate_Authority

Pls reply at earliest
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01-19-2011, 01:17 PM
Post: #2
 
some suppliers r exempted from WHT & they have exemption certificate or undertaking from CBR for this purpose these documents contain all these things like Certificate No, date, issuing authority etc u have to mention these things in respective tabs.
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01-19-2011, 03:04 PM
Post: #3
 
and what to with Salaries u/s 149? for the stated columns.....
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01-19-2011, 04:04 PM
Post: #4
 
Write "Below Tax Limit" in "Provision of Law & Certificate Authority" & keep the rest of column blank.
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02-20-2011, 11:30 PM
Post: #5
 
I need to knw ager Section 153(5) of ITO k based per exemption hoti hai toh is case main hum kya likhengey in following coloums main..?

1. Provision_of_Law
2. Exemption_Certificate_No
3. Certificate_Date
4. Certificate_Authority

Plz reply at your earliest...?
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02-21-2011, 05:11 AM
Post: #6
 
Sirf Provision of law ka column fill ho ga baki blank rahayn gay.

Misal k tor par agar imported goods purchase kar rahay hayn to 153(5)(a) likhayn gay.

153(5)(b) refund of any security deposit.

153(5)(ba) a payment made by the Federal Government, a Provincial Government or a Local Government to a contractor for construction materials supplied to the contractor by the said Government or the authority.

153(5)(bb) a cotton ginner who deposits in the Government Treasury, an amount equal to the amount of tax deductible on the payment being made to him, and evidence to this effect is provided to the prescribed person.

153(5)© the purchase of an asset under a lease and buy back agreement by a modaraba, leasing company, banking company or financial institution.

153(5)(d) any payment for securitization of receivables by a Special Purpose Vehicle to the Originator.
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02-22-2011, 12:05 AM
Post: #7
 
thank you D
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02-22-2011, 12:10 AM
Post: #8
 
Dear laptop

Mujhe ek or cheez puchni hai..


Main jis organisation main kaam kerta hoon uski sales tax invoice k do portion hotey hai.. ek portion pey GST legtha hai or ek portion pey GST nae legtha hai..

Ab sawal yeah hai k hum alog shell ki invoices k GST ko claim kertey hai as Input Tax.. shell sey jo hum petrol keredtey hai woh vehcials main jatey hai or us vehicals main engeneering hotey hai jo 24 hrs ek area sey dusrey area jatey hai for providing services and supplies..

Hum log as per last two years 100% shell ki invoice ko claim kertey hai as input tax.. kya yeah sahe hai..?

Please help
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02-22-2011, 03:51 AM
Post: #9
 
Sirf wo Input tax claim ho sakta hay to jis ka taluk directly Taxable activity say ho otherwise wo inadmissible input tax kahlata hay.

Ap nay apni Services ki detail nahi di, mery hisab say wo taxable services nahi hon gi, isi waja say ap invoice k 2 portion karty han, supplies k liye alahda or services k liye alhada,

Services agar taxable nahi hayn to us may jitna petrol use ho ga us ka input tax inadmissibal ho ga,

Supplies k liye jo petrol use ho ga us ka bhi taluk direct taxable item k sath nahi hay, kyon k ap koi item bana nahi rahay hayn sirf supplies day rahay han, is waja say supplies may jo petrol use ho ga us ka input tax bhi inadmissibal hay,

Ap sirf wo input tax claim/adjust kar sakty hayn jo k ap nay taxable item purchase karty howay diya ho.
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02-23-2011, 01:50 AM
Post: #10
 
dear laptop

acha.. got your point..

haan services jo hum provide kertey hai woh taxable nae hai..

lakin hum last do year sey shell ki invoices claim ker rahey hai or last two years ka sales tax audit bhi hochuka hai usmain koi aisa issue nae aya hai.. wut u now recommend...? please advice

regards
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02-23-2011, 01:52 AM
Post: #11
 
dear laptop

acha ek or cheeze puchni hai.. CNG/petrol pump operator k humharey pass bhout sare invoices atti hai.. usmain hum withholding tax nae deduct kertey based on that k CNG/Petrol pump operator ko jo commision milta hai us main sey unka tax already deduct hojata hai..

kya yeah sahe baat hai..? please recommend

regards
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02-23-2011, 01:58 AM
Post: #12
 
dear laptop

sales tax sey related ek or sawal hai..

Main yaha newly tax accountant appoint huwa hoon.. previously sales tax reconciliation nae bente thi.. ab main jab main ST Recon banae toh mujhe pata chala k 5 6 sales tax invoices jo cancled hogae thi but hum ney sales tax claim ker liya tha as Input tax... yeah sari invoices august 2010 main claim kerli thi n sari ST invoice date bhi Aug 2010 ki hai..

Toh mainey Jan 11 k ST return main reversal kerdiya input tax main mean Inputa tax kam kerdiya..

Supplier ney in sari ST invoices per output tax claim nae kiya tha..

Sawal yeah k kya mian DEBIT NOTE issue kerun to supplier takey woh Credit Note issue kerey.. Ya credit note ki zarurat nae..?

regards
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02-23-2011, 02:05 AM
Post: #13
 
Dear Laptop

ek or sawal.. D

humey WHT ki payment within 7 days kerwani hoti hai.. Sawal yeah hai k jab mian deposit kerwatha hoon NBP main TAX toh CPRN number mujhe bhout late issue hotey 3 4 days leg jatey hai..
For Eg (7th is last date assume)

3rd ko mainey Deposit kerwaya Cheque

4th ko Clearing main giya (Deposit Slip pey 4th ki stamp lagi hai)

8th ko CPRN number issue huwa..

Kya yeah delayed payment hai??

Secondly,
Koi aisa way batey jiss sey payment process fast hojaey.. Assume company ka account Standard Chartered main hai.. ?

Possible Way may be NBP main account kholey takey same day transfer hojaey..

Another way Direct Debit...

or koi way??

Regards
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02-23-2011, 05:25 AM
Post: #14
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by ArsalanYousuf</i>
<br />dear laptop

acha.. got your point..

haan services jo hum provide kertey hai woh taxable nae hai..

lakin hum last do year sey shell ki invoices claim ker rahey hai or last two years ka sales tax audit bhi hochuka hai usmain koi aisa issue nae aya hai.. wut u now recommend...? please advice

regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Arsalan Bhai,
may nay sirf wo bataya hay jo kanon kahta hay, zarori nahi us par amal bhi hota ho, agar sales tax Audit ho chuka hay to phir ap ko tension layny ki koi zarorat nahi
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02-23-2011, 05:30 AM
Post: #15
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by ArsalanYousuf</i>
<br />dear laptop

acha ek or cheeze puchni hai.. CNG/petrol pump operator k humharey pass bhout sare invoices atti hai.. usmain hum withholding tax nae deduct kertey based on that k CNG/Petrol pump operator ko jo commision milta hai us main sey unka tax already deduct hojata hai..

kya yeah sahe baat hai..? please recommend

regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Ji bilkul,, chunky petrol pump operators ki commission income hoti hay, is waja say is income par U/S153 tax withheld nahi ho sakta.
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