03-28-2005, 03:42 AM
Asalm O aliakum,
I just have read the radicle change in the deduction of tax regime in the new Income Tax Ordinance. which states that now every sale is to be consider as the supply. I just couldn't digest it and just wonder that this means that evry company purchasing any huge value property should also deduct the tax of the seller at the specified rates. Moreover the payment for the purchase from the non tax payer should also be done after deducting the Income Tax.
I just could not digest, so wanted to share it with u people and get the respose.
I just have read the radicle change in the deduction of tax regime in the new Income Tax Ordinance. which states that now every sale is to be consider as the supply. I just couldn't digest it and just wonder that this means that evry company purchasing any huge value property should also deduct the tax of the seller at the specified rates. Moreover the payment for the purchase from the non tax payer should also be done after deducting the Income Tax.
I just could not digest, so wanted to share it with u people and get the respose.
