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Deduct WHT against Supplies and Goods limits

 
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Deduct WHT against Supplies and Goods limits
AbdulSamad
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#1
06-10-2010, 09:08 PM


Every one know as a withholding agent we are deducting WHT on Goods and Services 3.5% and 6% respectively.

I have heard there is a per transaction / payments limit which are 25,000 and 10,000 respectively.

Is that correct please refer me complete section with clause of income tax ordinance 2001.


Examples-

If A Paid 5000 to B Co. for services and after three days he paid 7000 to B Co, A did not deduct 6% WHT on B due to both transaction individually less than Rs 10,000.

Question A did right or wrong? please answer.



Thanks

Abdul Samad
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Messages In This Thread
Deduct WHT against Supplies and Goods limits - by AbdulSamad - 06-10-2010, 09:08 PM
[No subject] - by LapTop - 06-10-2010, 09:33 PM
[No subject] - by AbdulSamad - 06-10-2010, 10:01 PM

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