+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession)
+--- Forum: Tax (https://www.accountancy.com.pk/forum/forum-tax)
+--- Thread: With Holding Tax on Cash Deposit (/thread-with-holding-tax-on-cash-deposit--9723)
With Holding Tax on Cash Deposit - qasimi3882 - 04-04-2011
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
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.