Accountancy Forum

Accountancy Forum > The Profession > Tax > With Holding Tax on Cash Deposit
Full Version: With Holding Tax on Cash Deposit
You're currently viewing a stripped down version of our content. View the full version with proper formatting.

qasimi3882

04-04-2011, 08:32 PM
Today I went to bank to deposit money in same bank' s different branch and I was shocked to know that Bank is Charging new with holding Tax On Cash deposit in excess of 25,000,,,Then I came and open the Tax then I found Section 232 (1) (B) on Withholding Tax....Kindly some one can tell me any other detail of this tax or Sec 232

Information Consultant

04-04-2011, 10:37 PM
As per my understanding online cash deposit per 0.3% tax deduct hoga
Bank Alhabib deduct nahi kar rha hay MCB walay karrhay hain jo nahi kar rhay hain unkay audit may objection raised hojay gi.

I will appreciate if some one refer any SRO regarding the withdrawal of .3 % tax on online cash deposit.
Accountancy Forum > The Profession > Tax > With Holding Tax on Cash Deposit