ABOUT WITH-HOLDING AGENT

[saleemlassi]

Dear friends, i have one questions about with-holding agent.

Budget 2010 announced that any individual having turnover above Rs. 50 Million become a with-holding agent.

The definition of turn-over u/s 113(3)

3) “turnover” means,-

(a) the gross receipts, exclusive of Sales Tax and Federal Excise
duty or any trade discounts shown on invoices, or bills, derived
from the sale of goods, and also excluding any amount taken
as deemed income and is assessed as final discharge of the
tax liability for which tax is already paid or payable;

(b) the gross fees for the rendering of services for giving benefits
including commissions; except covered by final discharge of
tax liability for which tax is separately paid or payable;

(c) the gross receipts from the execution of contracts; except
covered by final discharge of tax liability for which tax is
separately paid or payable; and


IF ANY ONE SERVICE PROVIDER AND TURNOVER +50 M IN TAX YR. 2010.
ALSO ALL RECEIPTS SUBJECT TO WH TAX @ 6%.

Now my question is when my all receipts covered by final discharge of tax liability for which tax is separately paid or payable. it means my turnover for becoming WH Agent is zero.

Please guide me "Limit of 50M for becoming WH Agent is applicable to me or not.

Thanks

urgent reply very appreciated.