02-25-2010, 03:06 PM
As per a circular issued by FBR (then CBR) states the monetary limit for purchases of goods on which a WHT agent is liable to deduct WHT as per rate applicable. According to this circular minimum limit for deduction of WHT on supplies is RS.25,000/-. This limit is also shown in all advanced books on Taxation.
See page number 2 of circular at following link
http//www.cbr.gov.pk/newdt/circulars/1991cir26.pdf
Regards
Awais
See page number 2 of circular at following link
http//www.cbr.gov.pk/newdt/circulars/1991cir26.pdf
Regards
Awais
