Withholding Sales tax

smimranhaider · 03-01-2010, 05:54 PM

Dear All
Plz tell me that on which value the withholding tax will be deducted if we are also deducting withholding ST.
E.g
Purchase 100 Units of A @ Rs 50/-per unit excluding ST 16% & SED 1%.
Invoice Value 5,000 + 850 (ST 800, SED 50) = 5,850
Withholding Amount for Sales Tax = 170
Balance Payable Amount = 5,000 + 680 = 5,680

Now in which amount we will deduct Direct Tax.

LapTop · 03-01-2010, 07:22 PM

App 204.75/= rupees deducted karo gay Income Tax @3.5%, Income Tax hamesha withheld hota hay gross amount par including all taxes.

smimranhaider · 03-02-2010, 11:19 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by LapTop
 App 204.75/= rupees deducted karo gay Income Tax @3.5%, Income Tax hamesha withheld hota hay gross amount par including all taxes.
<hr height="1" noshade id="quote"></blockquote id="quote">

Thanks for your kind support

Riftaj · 03-09-2010, 03:47 PM

you must be calculated i tx on whole invoice price ok i mean RS 5850, the amount of i tax will Rs 205/=

Rifi

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by smimranhaider
 Dear All
Plz tell me that on which value the withholding tax will be deducted if we are also deductiong withholding ST.
E.g
Purchase 100 Units of A @ Rs 50/-per unit excluding ST 16% & SED 1%.
Invoice Value 5,000 + 850 (ST 800, SED 50) = 5,850
Withholding Amount for Sales Tax = 170
Balance Payable Amount = 5,000 + 680 = 5,680

Now in which amount we will deduct Direct Tax.

<hr height="1" noshade id="quote"></blockquote id="quote">