Accountancy Forum
  • Accountancy
  • Forum Home
  • Members
  • Team
  • Help
  • Search
  • Register
  • Login
  • Home
  • Members
  • Help
  • Search
Accountancy Forum The Profession Tax v
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 … 23 Next »
Tax Payment

 
  • 0 Vote(s) - 0 Average
Tax Payment
i_zeb
Offline

Junior Member

Posts: 4
Threads: 1
Joined: May 2011
Reputation: 0
#1
05-13-2011, 05:13 PM
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.
i_zeb
Offline

Junior Member

Posts: 4
Threads: 1
Joined: May 2011
Reputation: 0
#2
05-16-2011, 03:01 PM
Yar kohi to answer kar do bohot time hogaya. Kiya bohot mushkil ha ya sawal.
i_zeb
Offline

Junior Member

Posts: 4
Threads: 1
Joined: May 2011
Reputation: 0
#3
05-18-2011, 02:47 PM
Can any one help me wih this. Lap Top, Olympia, Mr Faisal
Information Consultant
Offline

Senior Member

Posts: 311
Threads: 42
Joined: Jul 2010
Reputation: 0
#4
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
i_zeb
Offline

Junior Member

Posts: 4
Threads: 1
Joined: May 2011
Reputation: 0
#5
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
MANAN WATER SUPPLY, HAMARA PASS PEENA KA SAAF PANI DASTIYAB HA.
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).
Thanks
Information Consultant
Offline

Senior Member

Posts: 311
Threads: 42
Joined: Jul 2010
Reputation: 0
#6
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
« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)



  • View a Printable Version
  • Subscribe to this thread
Forum Jump:

© 2002-2024 Accountancy. Copyrights of all content on this web site are owned by Accountancy except where indicated in source or copyright statements. Accountancy must be contacted for permission to copy or redistribute any material published on this website.

Linear Mode
Threaded Mode