What type of AIT, TDS are imposed | implement | deduct in a limited company.
Now a days AIT (Advance Income Tax), TDS (Tax Deduct at Source) are most essential element from government. The collections of AIT, TDS are common fund to developing our country. Government is stick to collect the same fund from service receiver under section 52 and so on from the various types of authorities. If the authority didn't collect the same fund and are not deposited the amount in due time NBR will be imposed the punishment to the authority.
So, today most of the services are applied AIT, TDS and VAT by the rule of Government. The limited company are commonly imposed, implement and deduct the below items from your business operation.
- AIT on Bank Interest.
- AIT on FDR Interest.
- AIT on Cash Incentive from New Market (Export)
- AIT on Compliance Audit in Factory.
- AIT on Import LC
- AIT on Export Proceed
- TDS on Local Supplier
- TDS on Foreign Supplier