Withholding Tax:
Withholding tax is an act of deduction or related tax deduction, usually in the form of an advance tax deduction. It is also a great option and an important / timely delivery of money. Their contribution is about 40% of total tax revenue. An increase from Rs.5 (b) in 1991 to a high of Rs 422 (b) in 2012 speaks to the apparent growth and the significant dependence on tax avoidance.
Under the repealed Tax Act, 1922, taxes were deducted from 2 sources of income. Specifically, salaries and interest in security. According to your time limit, blocking the Internet has been expanded, by tightly introducing completely different provisions within the Tax Laws. The Tax Ordinance, 1979, introduced all the provisions of the Tax Act of 1922.
However, within the nineties, online censorship was far more refined by offering to hold a broader range of transactions and to build the majority of them presumptuous. In the provision of the Tax Ordinance, 2001, local units are more or less identical, except for many changes and additions. Withholding provisions relating to imports, exports, payment, commission and vendors, interest on debt, services, dividends, contracts, car taxes, related to stock transactions, and non-residents, etc.
Sales Tax:
The sales tax law of 1990 provides for joint holding. Vide SRO No. 660 (1) / 2007 Gregorian calendar year 2007 special procedure under the heading of special taxation rules of the year 2007, is introduced. The internal portion of the risk-free tax rate is of the small type and its scope is limited to only five types of Withholding. However, however, there is any space to expand its base.\
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