02-12-2009, 06:35 PM
No Need to use separate company for these Business,
Import is in FTR & Supplies of Goods are also FTR,
Keep in Mind Separate Block of Income Separate block or Tax.
2% Advance Tax u pay at time of import thatâs discharge your Tax liability for Income from Imports. & 3,5% W.H.T deduction at source will discharge your tax liability for supplies Income.
These Incomes are in FTR so tax credit and adjustments are not allowed.
Import is in FTR & Supplies of Goods are also FTR,
Keep in Mind Separate Block of Income Separate block or Tax.
2% Advance Tax u pay at time of import thatâs discharge your Tax liability for Income from Imports. & 3,5% W.H.T deduction at source will discharge your tax liability for supplies Income.
These Incomes are in FTR so tax credit and adjustments are not allowed.
