Garment factory fire kills over 300

[yazdi]

Re: Garment factory fire kills over 300

@chacha_Ghalib

Could you please clarify this? Are you saying that the gov’t automatically deducts tax from any money that is deposited to your account by a foreign buyer?

That’s correct.. In this case presumptive tax is collected from export proceeds irrespective of the concerns final financial results. Even in case of loss this tax is minimum Income tax liability as well as maximum discharge of Income tax liability.. so the question of tax evasion by exporting concerns does not arise..