07-15-2011, 03:23 PM
I have only dividend income & profit on bank deposit other than this profit on debt. You know tax deducted on dividend & profit on bank deposit is final when reciepent is an individual.
Third source of income is the profit on debt. If income tax is not deducted by foreign company then it will be treated my "income from other sources" and applicable slab comes as 15%.
As i said my ealier thread, if tax is deducted & deposited in foreign country it will be 10%. In this case profit on debt received (net of tax) will not be taxed in Pakistan. Am I right?
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Third source of income is the profit on debt. If income tax is not deducted by foreign company then it will be treated my "income from other sources" and applicable slab comes as 15%.
As i said my ealier thread, if tax is deducted & deposited in foreign country it will be 10%. In this case profit on debt received (net of tax) will not be taxed in Pakistan. Am I right?
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