05-02-2009, 09:35 PM
<center></center>First Schedule
<center></center>Division III
<center></center>Payments for Goods or Services
(1) The rate of Tax to be deducted from a payment referred to in clause (a) of sub-Section (1) of section 153 shell be.
(a) In the case of the sale of rice, cotton seed or edible oils, 1.5% of the gross amount payable.
(b) In the case of the sale of any other goods, 3.5% of the gross amount payable.
(2) The rate of Tax to be deducted from a payment referred to in clause (b) of sub-section (1) of section 153 shell be.
(i) In the case of Transport service, 2% of the gross amount.
(ii) In any other case 6% of the gross amount.
(3) The rate of tax to be deducted from a payment referred to in clause ( c) of sub-section (1) of section 153 shell be 6% of the gross amount.
<b>Section 153- (1)</b>
(a) For the sale of Goods.
(b) For the rendering or providing of services.
(c) On the execution of a contract, other then a contract for the sale of goods or the rendering or providing of Services.
Mr Neem Hakim Khatra Jaan, Read it, & now tell me u referred me clause ( c) subsection (1) of section 153, (on the execution of a contract, other then a contract for the sale of goods or the rendering or providing services), y u did not read this â other then a contract for the sale of goods or the rendering or providing services.
If I contract with a company, for providing then steel,
Steel price inclusive ST (par ton) 50,000
Transport charges (par truck) 10,000
If I sold then 5 ton steel costing 250000/=
& transportation charges 50,000/=
In your opinion my client should deduct WHT @ 6%
But in the eye of Law my client should deducted WHT @ 3.5% of sales amount, & @ 2% of Transportation charges.
So Mr. I advice u that, donât say that, what u want,,,,, say that , what Law says.
<center></center>Division III
<center></center>Payments for Goods or Services
(1) The rate of Tax to be deducted from a payment referred to in clause (a) of sub-Section (1) of section 153 shell be.
(a) In the case of the sale of rice, cotton seed or edible oils, 1.5% of the gross amount payable.
(b) In the case of the sale of any other goods, 3.5% of the gross amount payable.
(2) The rate of Tax to be deducted from a payment referred to in clause (b) of sub-section (1) of section 153 shell be.
(i) In the case of Transport service, 2% of the gross amount.
(ii) In any other case 6% of the gross amount.
(3) The rate of tax to be deducted from a payment referred to in clause ( c) of sub-section (1) of section 153 shell be 6% of the gross amount.
<b>Section 153- (1)</b>
(a) For the sale of Goods.
(b) For the rendering or providing of services.
(c) On the execution of a contract, other then a contract for the sale of goods or the rendering or providing of Services.
Mr Neem Hakim Khatra Jaan, Read it, & now tell me u referred me clause ( c) subsection (1) of section 153, (on the execution of a contract, other then a contract for the sale of goods or the rendering or providing services), y u did not read this â other then a contract for the sale of goods or the rendering or providing services.
If I contract with a company, for providing then steel,
Steel price inclusive ST (par ton) 50,000
Transport charges (par truck) 10,000
If I sold then 5 ton steel costing 250000/=
& transportation charges 50,000/=
In your opinion my client should deduct WHT @ 6%
But in the eye of Law my client should deducted WHT @ 3.5% of sales amount, & @ 2% of Transportation charges.
So Mr. I advice u that, donât say that, what u want,,,,, say that , what Law says.
