Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Days for deposit of tax under Sec 153
07-25-2010, 01:59 AM,
#1
Days for deposit of tax under Sec 153
Dear Members
Pls update me how many days required to deposit tax in bank deduct u/s 153? I will appreciate if sec number or rule is also mentioned
Reply
07-25-2010, 02:10 AM,
#2
 
The tax deducted at source should be deposited within 15 days of deduction.
Reply
07-25-2010, 02:15 AM,
#3
 
where the tax has been collected or deducted by a person other than the Federal Government or a Provincial Government, by remittance to the Government Treasury or deposit in an authorized branch of the State Bank of Pakistan or the National Bank of Pakistan, within seven days from the end of each fortnight.

Is ka matlab ye hay k har ik week ki payments aap alayhda alahda karyn gay each fortnight say murad one week hoti hay, jab week mukamal ho jaye ga to us k baad aap k pass 7 din hon gay us week ki payment jama karwany k liye,
Reply
07-27-2010, 07:13 PM,
#4
 
let me clear one thing is that fortnight is a period of fourteen days not 1 week

Anfal
Reply
07-27-2010, 07:33 PM,
#5
 
As per my experience, tax deducted at source should be deposited within 7 days over the period in which deduction has been made,it means if u want to deposit payment of 1-15 dayz it can be deposited upto 22nd of that month but if u want to deposit last 15 dayz payment, it can deposit upto 7 days of the next month,let me correct if i m wrong?
Reply
07-27-2010, 08:56 PM,
#6
 
Anfal bhai,

Mujhay correct karny ka shukriya, 1 fortnight is equal to 14 days. 14 din may jo withholdings hon gi unhay jama karwany k liye aap k pass next 7 days ka time ho ga.
Reply
07-27-2010, 09:14 PM,
#7
 
Laptop It means payment made between 1st - 15th need to b deposite by 22nd?

or payment made between 1st - 7th need to b deposite by 14th?
Reply
07-29-2010, 08:56 PM,
#8
 
ok
but some people say that it means payment made in one week need to b deposited in next week.............

is this right??????????
Reply
07-29-2010, 09:01 PM,
#9
 
Payment time ki maximum limit hay ye, ap roz k roz jama karwa do ap par koi penalty nahi lagy gi, par agar aap nay maximum limit say zayada late kiya to penalty lagy gi,
Reply
07-29-2010, 09:33 PM,
#10
 
i know k hum roz k roz bhi deposit kerwa sakte hain.................

tell me how much penalty imposed if not deposit the tax timely?
Reply
07-29-2010, 09:42 PM,
#11
 
Any person who fails to collect or deduct tax as required under any provision of this Ordinance or fails to pay the tax collected or deducted as required under section 160.

Such person shell pay penalty of twenty five thousand rupees or the 10% of the amount of tax whichever is higher.
Reply
08-13-2010, 04:38 PM,
#12
 
Laptop the payment time of WHT is changed by this SRO

In SRO # 392(1)2009 dated 19th May, 2009.

"in rule 43, in clause(b) for the word "seven days from the end of each fortnight" the word Seven days from the end of each week ending on every Sunday" shall be substituted;"
Reply
08-13-2010, 09:32 PM,
#13
 
ary wah Olympia baji,,,,,,

lagta hay aap nay pharna sharo kar diya hay, tabhi to meri ghalti pakar li aap nay,,, hahahahahahahah

ji ap nay sahi likha hay, "seven days from the end of each fortnight" the word Seven days from the end of each week ending on every Sunday"

yani k 1 week ki payment next week k undar undar jama karwani hay.
Reply
08-16-2010, 02:56 PM,
#14
 
g aisa hi he......... so b careful
Reply
08-16-2010, 07:44 PM,
#15
 
hahahahahaa, Is ka matlab kafi mohtat ho kar ab to ap say baat karni pary gi,,, wasy ye meri ghalti thi , par Inshallaha ab nahi ho gi,, kyon k may nay Income tax rule mukamal update kar liya hay ab,,, hahahah
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Accountancy | Return to Top | | Lite (Archive) Mode | RSS Syndication