One of my clients has newly started business of selling t-shirts online.
His supplier is supplying him with printed t-shirts that he sells to customers.
I wanted to know that when he sells t-shirt outside of India, what would be the whole process of doing so and what would be the tax implications?
I have come to know that since it is export, it would not be taxable and I can even claim refund of the tax paid on purchase of those t-shirts that I am exporting.
Please guide.
Hi,
AT INTERNAL RATE OF RETURN (I.R.R.), PRESSTNT VALUE (P.V.)OF CASH INFLOW IS EQUAL TO P.V. OF CASH OUTFLOW. THUS NET PRESENT VALUE (N.P.V.) IS EQUAL TO ZERO. THUS SINCE MY N.P.V. IS ZERO AT I.R.R. I AM EARNING NOTHING. THEN STILL WHY IT IS CALLED AS A RATE OF RETURN WHEN THERE IS NO RETURN AT I.R.R. AS P.V. OF ALL MY ERANINGS IS JUST EQUAL TO P.V. OF MY OUTFLOWS.
PLEASE REPLY.
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Tax implication on selling t-shirts out of India?