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WHT on services and supplies
10-02-2010, 04:21 AM,
#1
WHT on services and supplies
whether it is necessary for every company to deduct withholding tax on supplies and services? what is rate for both?
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10-02-2010, 02:24 PM,
#2
 
ya it is necessary, rate are same, supplies 3.5% if exceeds 25000 per year, service is 6% on 10,0000
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10-02-2010, 06:15 PM,
#3
 
so that means i m going to outsource the development of my website...so i must deduct 3.5% on the final payment? can you please guide me journal entry treatment in books of a/c
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10-02-2010, 07:57 PM,
#4
 
if u r 100 % exporter then u r exempt from withholding tax u/s 153

Anfal
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10-02-2010, 08:42 PM,
#5
 
no nature of our firm is advertising/web-delopment & PR....what will be position in this case?
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10-04-2010, 03:16 PM,
#6
 
ur company fall under the defination of withhloding agent so u must deduct tax on ur payments.

Web development per ap 6 % tax deduct karain gay .

entry

Web development expense debit
Incometax payable credit
Bank credit
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