03-09-2009, 11:32 PM
Awais,
You simply pasted the wordings of the Finance Act. What sort of comments you want on this topic? I hope in your next post you would be discussing the tax treatment of corporate dividends and then the permanent establishments etc.
I saw your post on the other sub-forum thread. I wonder why you again and again mix up the taxation with accountancy. You must understand that these are two different things and must be viewed differently.
The above section may have its bearing on accounts to the extent of creating the provision for taxation to be reflected in the accounts. This would also be considered ONLY and ONLY if the option is exercised and all the conditions stipulated are met. We cannot consider this section for all groups invariably.
I would be pleased to know if you will tell me what you want to be commented upon? Please also read my reply on your other thread.
Regards,
KAMRAN.
You simply pasted the wordings of the Finance Act. What sort of comments you want on this topic? I hope in your next post you would be discussing the tax treatment of corporate dividends and then the permanent establishments etc.
I saw your post on the other sub-forum thread. I wonder why you again and again mix up the taxation with accountancy. You must understand that these are two different things and must be viewed differently.
The above section may have its bearing on accounts to the extent of creating the provision for taxation to be reflected in the accounts. This would also be considered ONLY and ONLY if the option is exercised and all the conditions stipulated are met. We cannot consider this section for all groups invariably.
I would be pleased to know if you will tell me what you want to be commented upon? Please also read my reply on your other thread.
Regards,
KAMRAN.
