03-06-2011, 07:02 PM
@ Arsalan
As mentioned in your query that your work for COMPANY(no matter PVT or PLC ). Therefore your company will pay tax under Normal Tax Regime (NTR) i.e by calculating Taxable income of company as Revenue less cost of providing services then applying tax rate of 35%(25% for small company.)
Reason being your company's income fall under proviso to section 153(6).
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by ArsalanYousuf</i>
<br />Dear All
Main ek Pvt Ltd company main work kerta hoon un ka on average Revenue 1.5 billion hai and NET profit on average 500 million hai.. Yeh Company Sirf SERVICES provide kerti hai
Hum last 5 6 years sey sirf 6% on REVENUE Tax dey rahe hai less adjustment of tax withheld on MOBILE BILLS & ELECTRICITY BILLS.
Phele under section 153 (b) tax deduct hota tha toh under FTR fall hota tha.. but ab under Minimum Tax fall hota hai..
Ab sawal yeah hai k main jo 2010 2011 ka return jama kerunga on 31 Dec 2011 kya mian sirf 6% on revenue jama kerwaunga ya minimum tax ki base pey jama kerwaunga..?
Regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
As mentioned in your query that your work for COMPANY(no matter PVT or PLC ). Therefore your company will pay tax under Normal Tax Regime (NTR) i.e by calculating Taxable income of company as Revenue less cost of providing services then applying tax rate of 35%(25% for small company.)
Reason being your company's income fall under proviso to section 153(6).
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by ArsalanYousuf</i>
<br />Dear All
Main ek Pvt Ltd company main work kerta hoon un ka on average Revenue 1.5 billion hai and NET profit on average 500 million hai.. Yeh Company Sirf SERVICES provide kerti hai
Hum last 5 6 years sey sirf 6% on REVENUE Tax dey rahe hai less adjustment of tax withheld on MOBILE BILLS & ELECTRICITY BILLS.
Phele under section 153 (b) tax deduct hota tha toh under FTR fall hota tha.. but ab under Minimum Tax fall hota hai..
Ab sawal yeah hai k main jo 2010 2011 ka return jama kerunga on 31 Dec 2011 kya mian sirf 6% on revenue jama kerwaunga ya minimum tax ki base pey jama kerwaunga..?
Regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
