Could you pleade guide us if there is an arragement of partial payment to vedor/supplier then how we deduct and deposit witholding income tax and witholding SST/GST ?
If total billing is included with advance tax 15% (Telecommunication), what WHT rule is applicable either we withhold Income tax on the total billing invoice inclusive advance tax or before advance tax amount , please share reference
According to Section 153 if my turnover is less than 100 million but purchasing item from one vendor is greater than 75000 in a year then do I need to withheld his income tax?
Sir when asset purchased on 01.03.2023 of Rs.100,000/- and tax withheld 4.5% . If two cheques issued one for 01.03.2023 and other cheque for 01.04.2023. In this condition tax will deposit in march or April? Thanks.
@@faheempracticallearningsir secondly what will we do if deduction is made on June and payment is realized In July but the budget has changed FY 24 to the rate as done in 2024 which Month is being selected
Sir tax accountant k liye to mazeed mushkil hojayega Kya ye zyada relevant nahi k wo jis date ki payment entry hai us se 7 days mein submit karday. Ya bechara bank statements k sath tally kar kar k andha hojaye ? 😂
@@faheempracticallearningagar hum transection date Ka hisab sa challan banaye ga to vendor issue Kara GA kya Ka apna to 1 month pehla payment ki thi ar ap aga Ka challan bana Raha hai Dosra yeh hai withholding payment Ka challan ma wohi month select Kara GA jis mahina payment Nikli hai bank sa?
Good
Fbr 122 Notice order to close amendment
Kia matlb hai janab salam JzakAllah Shukareya
Could you pleade guide us if there is an arragement of partial payment to vedor/supplier then how we deduct and deposit witholding income tax and witholding SST/GST ?
Same rules, follow transection date, for sales tax withholding check lectures of sales tax
Section 153 states that deposit grounds will be bank debit ?
Transection date
If total billing is included with advance tax 15% (Telecommunication), what WHT rule is applicable either we withhold Income tax on the total billing invoice inclusive advance tax or before advance tax amount , please share reference
According to Section 153 if my turnover is less than 100 million but purchasing item from one vendor is greater than 75000 in a year then do I need to withheld his income tax?
No, because your not withholding agent.
@@faheempracticallearning thanks!
Sir when asset purchased on 01.03.2023 of Rs.100,000/- and tax withheld 4.5% .
If two cheques issued one for 01.03.2023 and other cheque for 01.04.2023.
In this condition tax will deposit in march or April?
Thanks.
Same discussed in lecture, when actually payment deducted from your bank, after that we will deposit tax.
@faheempracticallearning sir simaltenously Tax challan month April and Fiscal Year 2023 is selected while creating a challan am I right
@@faheempracticallearningsir secondly what will we do if deduction is made on June and payment is realized In July but the budget has changed FY 24 to the rate as done in 2024 which Month is being selected
Kindly respond
Please respond
Assalamu alaikum
Would you please like to discuss Active Taxpayer List (ATL ) senior
Yes this also we need to check, but as in the start of the lecture we assum this vendor is filer
Sir tax accountant k liye to mazeed mushkil hojayega
Kya ye zyada relevant nahi k wo jis date ki payment entry hai us se 7 days mein submit karday.
Ya bechara bank statements k sath tally kar kar k andha hojaye ? 😂
No, can be possible, but bank statements must be reconciled
@@faheempracticallearningagar hum transection date Ka hisab sa challan banaye ga to vendor issue Kara GA kya Ka apna to 1 month pehla payment ki thi ar ap aga Ka challan bana Raha hai
Dosra yeh hai withholding payment Ka challan ma wohi month select Kara GA jis mahina payment Nikli hai bank sa?
@faheempracticallearning vendor ko kya Jawab da koi clause available hai
@@MuhammadSaadKhan-c7c when withdraw from your bank, this is transaction date
@@faheempracticallearning noted clause available hai kindly share for my reference