Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
(AFTER or BEFORE Tax) DivisibleIncome of AOP
11-23-2011, 09:15 PM
Post: #1
(AFTER or BEFORE Tax) DivisibleIncome of AOP
Assalam o Alaikum,

Income of AOP to be divided among partners of AOP in accordance to their shares. My Question is whether Income should be (Before or After Tax on AOP). Please help, with reference. I have heard it is after Tax but dont know about the circular letter of FBR.
Visit this user's website Find all posts by this user
Quote this message in a reply
12-03-2011, 03:01 AM
Post: #2
 
My Dear Friend!

Any income generated from AOP shall be distributed among the partners after deducting the applicable tax. It meance that no any income derived from AOP shal be distributed among the partners before deducting the applicable Tax.

Clear??

regards,

Umar
Visit this user's website Find all posts by this user
Quote this message in a reply
12-05-2011, 04:58 AM
Post: #3
 
Dear Umer,

Thank you very much,
Yeah I got it,

Stay blesses & take care

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by umar_khi08@yahoo.com</i>
<br />My Dear Friend!

Any income generated from AOP shall be distributed among the partners after deducting the applicable tax. It meance that no any income derived from AOP shal be distributed among the partners before deducting the applicable Tax.

Clear??

regards,

Umar
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)