06-19-2006, 10:46 PM
Dear members
If i process and export kinnows to dubai than what would be the rate of income tax according to which i have to pay tax.
If i would work as a partnership and if as a private limited company.
According to my understanding in case of private limited company than the rate of tax would be 35% and if my export is 80% of my total sale then the a certain portion of my realized amount of export that would range between .75 to 1.25% would be my full and final tax liability.
In case of partnership what would be my tax liability in case of export and in case of import?
According to my understanding the rates specified in finance Act 2006 would apply to calculate the total tax liability; what would be the benefit of export in it?
Regards
Sarfaraz Ahmed
If i process and export kinnows to dubai than what would be the rate of income tax according to which i have to pay tax.
If i would work as a partnership and if as a private limited company.
According to my understanding in case of private limited company than the rate of tax would be 35% and if my export is 80% of my total sale then the a certain portion of my realized amount of export that would range between .75 to 1.25% would be my full and final tax liability.
In case of partnership what would be my tax liability in case of export and in case of import?
According to my understanding the rates specified in finance Act 2006 would apply to calculate the total tax liability; what would be the benefit of export in it?
Regards
Sarfaraz Ahmed
