02-17-2009, 02:57 PM
Donât confuse yar,,,
U Think , Imports Income separate from Supplies income, its true , but when ,
U Imports goods & supplies of Imported goods, this income separate from , U purchased locally any supplies of goods,
But when u import a good and sales this imported good, these r not 2 income, its 1 income from Imports.
U asked in quire about Imported Zips, & ABC alters its shape like change the color, thatâs way, ABC skip from Commercial importer to Manufacturer, IF ABC donât Change color & alter the shape, then they will Commercial Importer, & their income comes in FTR. Dose not matter Commercial importer is Individual , AOP, if they are doing business as commercial importers they can get Exemption certificate from Commissioner Income Tax on Supplies of Imported goods only, not for local supplies.
U Think , Imports Income separate from Supplies income, its true , but when ,
U Imports goods & supplies of Imported goods, this income separate from , U purchased locally any supplies of goods,
But when u import a good and sales this imported good, these r not 2 income, its 1 income from Imports.
U asked in quire about Imported Zips, & ABC alters its shape like change the color, thatâs way, ABC skip from Commercial importer to Manufacturer, IF ABC donât Change color & alter the shape, then they will Commercial Importer, & their income comes in FTR. Dose not matter Commercial importer is Individual , AOP, if they are doing business as commercial importers they can get Exemption certificate from Commissioner Income Tax on Supplies of Imported goods only, not for local supplies.