12-11-2009, 04:22 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Individual or proprietor is not withholding agent for the payment of U/S 153.
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Dear,
You have misinterpreted question asked by accounty.
Dear Accounty,
<b>Prescribed person</b> has been defined as any person who has been authorized to deduct / withhold tax under section 153.
Any payment made to any person, whether Properitor, partnership concern or company, is subjected to the withholding tax under section 153, provided that the deducting agent is a prescribed person.
In this regard, payment made to properitor/individual busniess is also subjected to tax deduction provided that the payment exceeds the limit provided in the ordinance.
Best Regards,
<br />Individual or proprietor is not withholding agent for the payment of U/S 153.
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Dear,
You have misinterpreted question asked by accounty.
Dear Accounty,
<b>Prescribed person</b> has been defined as any person who has been authorized to deduct / withhold tax under section 153.
Any payment made to any person, whether Properitor, partnership concern or company, is subjected to the withholding tax under section 153, provided that the deducting agent is a prescribed person.
In this regard, payment made to properitor/individual busniess is also subjected to tax deduction provided that the payment exceeds the limit provided in the ordinance.
Best Regards,
