02-17-2009, 08:10 PM
Dear Mohsin.
As per Section 153 of Income Tax ordinance 2001 every person who make any payment on account of supply of goods, or for services rendered he must deduct the tax at source before making the payment. The rates are
Services 6% (Exempted upto Rs.10,000 per annum)
Supplies 3.5%(Exempted upto Rs.25,000per annum)
hope the answer suffice
Best wishes
As per Section 153 of Income Tax ordinance 2001 every person who make any payment on account of supply of goods, or for services rendered he must deduct the tax at source before making the payment. The rates are
Services 6% (Exempted upto Rs.10,000 per annum)
Supplies 3.5%(Exempted upto Rs.25,000per annum)
hope the answer suffice
Best wishes
