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+--- Forum: Tax (https://www.accountancy.com.pk/forum/forum-tax)
+--- Thread: HELP: INCOME TAX ON CASH PURCHASE (/thread-help-income-tax-on-cash-purchase)
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- Anfal Shabbir - 10-24-2010
laptop bhai aap to naraz ho gae , aik to galat opinion dya hai phir mante bhi nahi, waise bhi kaale coat walon se kon behas kar sakta hai
aur farhan bhai, hum practically retailers ka bhi tax deduct karte hain, accounts main accrual concept use karte hain aur jab 25000 exceed hota hai ham tax deduct karte hain aur yahi law hai
Regards
Anfal
- olympia - 10-25-2010
Anfal bhai ap to ache experianced hain or agar ap law jante hain to phir opinions kiyun mang rahe hain sub se. is forum pe koi kisi ko misguide nahi kerta balke apna knowledge share kerte hain agar ap already law ko jante hain to ap apni expert opinion dia kerain. laptop is forum k bohat senior member hain or mera experiance he k agar unhain kuch na pata ho to wo kisi ko misguide nahi kerte.
v r here to help the people not hurt the people.
- Information Consultant - 10-25-2010
Anafal bhai is forum per hum log aik dossray say advice laitay hain tax may aik hi section ki interpretaion do log do tarikay say karsaktay hain agar ap kisi point say itefaq nahi kartay to yay ap ka right hay magar forum per is tarah say baat na karain hum sab aik dossray ki respect kartay hain ap pls apnay alfaz wapis lain or forum per laptop say excuse karain or aik baat or laptop bhai hawa may baat nahi kartay tax law kay hisab say hi apna openion detain hain
- faisal_desperado - 10-26-2010
Dears,
Apart from the futile and nugatory debate of what is to be done and what is to be avoided.
Let me clarify that; tax should be withheld, whether the purchases are made from retailer or from any other person. However, tax may not be withheld if the retailer is a different person in all similar purchases.
Furthermore, retailer would, in most of the cases, refuse to withhold tax out of the purchases made from him, if this is materialize, then we are to see what law guides.
In this case, we will either to pay tax from our own or to insist the retailer to let us withhold the tax or to change the retailer. However, in all cases, tax should be withheld. In this regard, it should be noted that tax will be withheld if there is a reasonable certainty that purchases will exceed the prescribed limit, as provided in the ordinance.
However, if tax is not deducted based on the assumption that purchases will be lower than the threshold during a specific tax year, then retrospective tax deduction will be made in all subsequent purchases in that relevant tax year to equalize the tax deduction par with payment, if the purchases exceed the threshold during that specific tax year.
Let me know, if confusion is yet to be resolved.
Best Regards,
Faisal.
- nomanejaz2009 - 10-26-2010
agree with information consultant
- Anfal Shabbir - 10-26-2010
DEAR ALL
AAP SAB TO BURA MAN GAE, SORRY AGAR MERE ATTITUDE SE AGAR KISI KO TAKLEEF POHANCHI SPECIALLY LAPTOP MAIN SENIORS KI IZAT KARTA HOON, I HOPE AAP NE BURA NAHI MANA HOGA
REGARDS
ANFAL
- faisal_desperado - 10-26-2010
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Anfal Shabbir</i>
<br />DEAR ALL
AAP SAB TO BURA MAN GAE, SORRY AGAR MERE ATTITUDE SE AGAR KISI KO TAKLEEF POHANCHI SPECIALLY LAPTOP MAIN SENIORS KI IZAT KARTA HOON, I HOPE AAP NE BURA NAHI MANA HOGA
REGARDS
ANFAL
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dears,
I do not understand that why most of you are criticizing Anfal on his own perception, even if it is correlated with the ordinance to the top edge.
There is no harm in debate, if such debate becomes the creation of new ideas or ceasing of wrong concept of the public at large.
Members are requested to avoid their personal prejudice over one member on the grounds that the other member, in the discussion, is their associate.
Furthermore, I observed that most of the members have started suggesting/advising wrong concepts/replies at this forum, due to which the other member, who is taking guidance, will surely consider this site as a way of inefficient information. Further this is also tantamount to sin to spread wrong information.
This is my personal request that do not spread wrong information at the forum, if you do not know the exact solution then just wait and see the response of other members.
To Anfal and Laptop, i understand that you both members are quite efficient in replying the correct solution. Please note that difference of opinion is no way a harm, even it creates some new ideas, so please avoid the quarreling over an insignificant issue.
Best Regards,
Faisal.
- olympia - 10-26-2010
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Anfal Shabbir</i>
<br />DEAR ALL
AAP SAB TO BURA MAN GAE, SORRY AGAR MERE ATTITUDE SE AGAR KISI KO TAKLEEF POHANCHI SPECIALLY LAPTOP MAIN SENIORS KI IZAT KARTA HOON, I HOPE AAP NE BURA NAHI MANA HOGA
REGARDS
ANFAL
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
aisa nahi he anfal bhai bus forum pe bat kerte hue words ka khayal rakhna chahie sometime hum bohat light way main koi bat kerte hain per ho sakta he parhne wala hurt ho jae so dont worry & enjoy ur life.....