12-20-2011, 10:58 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Information Consultant</i>
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our recipts u/s 153 Rs 100000
cost of receipts 30000
Tax deducted 6 % 6000 min tax
Tax on cash with drawal 200
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
You would show your receipts (including MTR) and expenses in the similar way as if there is no minimum tax. When you come to Column 164 you will write proportionate normal tax on revenue from services subject to MTR. You will also write 6% minimum tax. Then you will compare the two and give effect to the higher value in Col 167. Return is self guiding and explanatory, just read the columns thoroughly
<br />
our recipts u/s 153 Rs 100000
cost of receipts 30000
Tax deducted 6 % 6000 min tax
Tax on cash with drawal 200
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
You would show your receipts (including MTR) and expenses in the similar way as if there is no minimum tax. When you come to Column 164 you will write proportionate normal tax on revenue from services subject to MTR. You will also write 6% minimum tax. Then you will compare the two and give effect to the higher value in Col 167. Return is self guiding and explanatory, just read the columns thoroughly
