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Tax Payment
05-13-2011, 05:13 PM,
Tax Payment
Our Company purchase Water Tankers for Rs600/- each, total monthly expense Rs4800/-, yearly Rs57600/- from a single water tanker supplier.
Do we have to deduct income tax from this water tanker supplier. if yes then tax rate 3.5% or 6% (also section 153 + ?).
please also guide for the minimum threshold for deduction of income tax if 2 or 3 different suppliers are used.
(Please also note that water tanker suppliers purchase water from tubewell owners and add their margin and sell to us on their own tanker bill e.g they Pay Rs400/- to tube well owner Rs200/- their own margin)
If above can be treated as working as commission agent. What will be the tax in this case.
05-16-2011, 03:01 PM,
Yar kohi to answer kar do bohot time hogaya. Kiya bohot mushkil ha ya sawal.
05-18-2011, 02:47 PM,
Can any one help me wih this. Lap Top, Olympia, Mr Faisal
05-18-2011, 05:59 PM,
Water tanker basically transporter ka hota hay or us may wo apko water supply karta hay means bill kay 2 portion hogay trnasportation and water sale water kay amnt per to apkoi tax nahi dogay or yay khan likha hay yay isko chk karna hoga yay industry ki practice hay transportation per ap 2% tax deduct karsaktay hain laikin transporter agree nahi karay ga or apna bill increase karday ga agar ap tax nahi dedudt karain to auditor objection karay ga is liay parties apni pas sat tax day daiti hain
05-19-2011, 03:17 PM,
Thankyou app ka response ka liya, aap logon ki wajha sa ya forum zinda ha.
Par kiya aap mujha ya bhi please clear kar sakta hain ka agar water tanker supplier ka bill par likha ho ka
aur is ka ilawa wo supplier aik sada bill data ha jis ma quantity, rate aur amount hoti ha aur is bill ka kohi do portion nahi hain. Aur kohi water ka charges alag sa nahi likha hota. balka poora water tanker ka charges hi hain
To kiya is soorat ma hum is ko service treat karain ga 6% tax katain ga, ya is ko goods treat karain ga aur 3.5% katain ga, ya (utility) water charges samajh kar kohi tax nahi katain ga (agar water par nahi ha to).
05-19-2011, 04:24 PM,
services and supplies ka tax apply nahi karain gay ap kay pass sirf yay option hay kay ap usko water charges may claim karlain normally dying factories may yay transcations kafi zada hoti hain or wo yahi practise follow kartay hain

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