Section 153 Payment for goods, services & contracts Explained|Part 1|Deduction of Tax @ Source|

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[@mixtappe]

Respected Sir, what is the status of WHT 153 Section i.e. Final or adjustable bcz while return filing, it appears in both tabs, Adjustable and Final.

[@khawajasabeeh4915]

Both in final

[@TaxDosti]

Please mention the exact transaction !

[@TaxDosti]

understood

[@falcopilot7519]

Sir :) on payments to media agents who arranges electronic n print media, may we apply 1.5% WHT, or 11%...

[@TaxDosti]

Please give your answer here and logic for that answer. Then we will share our answer here too

[@Asp1287]

What if a government contractor start & complete project in one fiscal year but tax deducted u/s 153 in next fiscal year.Should he declare the payment in the year when the tax was deducted?If yes than how should he account for revenue & expenses because expense relating to project were recorded in the year it was incurred.
Can u please guide on this issue?

[@TaxDosti]

The short answer is, it depends upon your accounting system. Do you account for income and expenses on cash basis or accrual basis ? For a detailed discussion let’s connect on WhatsApp [phone]

[@khubaibsgaming8022]

For construction contract, we should separate supplies and service part of contract or not. and tax rate remain 7% for whole contract or for supplies 4.5% and service part @7% or 10%

[@TaxDosti]

It’s better you discuss this point with us on WhatsApp [phone]

[@SamiUllah-jk5wp]

Aoa sir, sir on execution of contract. Is the invoice would be separated or single including goods and services?

[@TaxDosti]

Single

[@Asp1287]

Is tax deducted u/s 153c minimum or final tax for company?

[@TaxDosti]

Sometimes it’s minimum and sometimes it’s final tax

[@farhanasgher9431]

Sir as per section 153(5), hum construction material purchase kren vendor sy to kya hum tax deduction nhi kren gy payment krty waqt? Thanks in advance

[@TaxDosti]

Yes we will ! Thanks

[@raoehsan4213]

What is the rule for specified services u/s 153 (1)(b)? If vendor's name is ABC Engineering then services provided by him shall be liable to 3% straightforward?

[@TaxDosti]

No, you need to see the rates foe the year. Thanks

[@Rawz-randomvideouploder]

Can a retailer if he is withholding tax agent , deduct 1% from Pharma distributor under section 153

[@TaxDosti]

We can discuss this on WhatsApp [phone]

[@mp4movies241]

sir g jo bat ap kry hoty hain wo complete kar lia kryn na acha bala smjaty smjaty dosre side p nikal jaty fr os phly wli bat p aty e nai kuj smj e nai ara koi 10 bar video pause kr kr k sun chuka

[@TaxDosti]

Thanks for your feedback.

[@Accountant2023]

Alsalamoalekum sir plz add me in your tax groups and send me links plz

[@TaxDosti]

Please WhatsApp us on 03214409009

[@saleemullah1088]

sir your whatsapp group link?

[@TaxDosti]

Message us on Whatsapp [phone] and we will add you to the group