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+--- Thread: Wht for a trader on 30.06 (/showthread.php?tid=6200)
Wht for a trader on 30.06 - Omeir - 07-16-2009
I am a trader. On my supplies above Rs 25,000 3.5% wht is deducted, which us my final liability of tax. However for the payments not received till 30.06, no wht has been deducted. Would i include these sales in my sales account and would i have to file anything in this regard. Because if i pay and the customer also deducts then i will at a losing end.
I know that i pay tax on my receipts and not on my income.