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+--- Forum: Tax (https://www.accountancy.com.pk/forum/forum-tax)
+--- Thread: withholding tax agent (/thread-withholding-tax-agent)
withholding tax agent - mkamran1976 - 09-02-2011
Dear All Member
Please explain is there any turnover limit for a Private Limited company to become with holding agent, as AOP is required to become withholding agent on turnover over 50 million. please explain
regards,
M.kamran
- student_of_law - 09-06-2011
According to s.153(7) , every company, irrespective of its turnover, has to withhold tax, in respect of the transactions mentioned in s.153