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Accountancy Forum The Profession Tax v
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Tax on services

 
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Tax on services
Smahnz
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#1
10-27-2010, 08:12 PM
Dear I have to make my vendor payment of Rs. 9500....This is first time i m acquiring his services. Should i with-held 6% on services and make payment of 8930 or not?
Riftaj
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#2
10-27-2010, 09:26 PM
yes you should but after 25000 thousnd, but ager service transportaton ke ha tu per ap 6 % nhi balky 2 % la ga,
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Smahnz</i>
<br />Dear I have to make my vendor payment of Rs. 9500....This is first time i m acquiring his services. Should i with-held 6% on services and make payment of 8930 or not?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Smahnz
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#3
10-27-2010, 09:41 PM
dear 25000 yan 10000? or future mein bhee business expected hay....tab kia hu ga....abhe 1st payment hay....pls reply urgent
Omeir
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#4
10-27-2010, 09:42 PM
The 6% is for the services exceeding Rs 10,000/ in a year

The 25,000 threshold is for supplies and the rate of tax to be withheld is 3.5%

If you believe that you will not require the services of the said company for the remaining year then do not withhold. If and when crossed 10,000 you will have to deduct for this invoice as well.
Smahnz
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#5
10-27-2010, 10:04 PM
if more business is expected then should i deduct now?
Omeir
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#6
10-28-2010, 03:55 PM
yes
Riftaj
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#7
10-28-2010, 04:13 PM
DEAR OMEIR IS ABSULTLY RIGHT, SERVICE LIMIT IS 10000 IN A YEAR,
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Smahnz</i>
<br />if more business is expected then should i deduct now?
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silent_eyes135
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#8
11-24-2010, 05:52 PM
Dear i want to no wt is tax rate on services is it 3.5 or 6 % caz some companies deduct tax on 6 % and some deduct 3.5% on services pls help me out ,
silent_eyes135
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#9
11-24-2010, 06:39 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by silent_eyes135</i>
<br />Dear i want to no wt is tax rate on services is it 3.5 or 6 % caz some companies deduct tax on 6 % and some deduct 3.5% on services pls help me out , this rate is for customer who availing the services,???, supplier who is providing the services will he pay 16% tax on serivice i m confused help me out
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Excel_Finance
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#10
11-24-2010, 09:02 PM
also pls re-confirm the excempt limit for the financial year.....
for supplies
for services
LapTop
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#11
11-25-2010, 06:22 PM
for supplies 25000
for services 10000
nomanejaz2009
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#12
11-27-2010, 01:27 PM
aur books ki payment pe tax kate ga kia aur subscription pe kitna tax kat ta hai.
LapTop
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#13
11-27-2010, 06:38 PM
Books Supplies k under aati han is par 3.5% tax withheld ho ga,,,,

Pa agar ap ka supplier un books ko khud print kar raha hay yani k wo manufacturer ki category may aata hay to us k pas exemption certificate hona chayea , jis k base par ap us ka tax withheld nahi karyn gay.
perfectionist
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#14
02-23-2011, 10:06 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />for supplies 25000
for services 10000
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Laptop
Please give ITO 2001 reference, e.g. under what section.
Regards.
LapTop
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#15
02-24-2011, 03:48 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by perfectionist</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />for supplies 25000
for services 10000
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Laptop
Please give ITO 2001 reference, e.g. under what section.
Regards.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

CIRCULAR NO. 26 OF 1991 (INCOME TAX)
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