Junaid Jamshed is a former singer and currently preacher and fashion designer. He owns Junaid Jamshed Private Limited that is a fashion retail brand in hot demand. It is a market leader when it comes to traditional dresses, according to the companys website. That must be right and we all know how popular this brand is. Anybody, wishing to know more should visit the website attached below. Not only Junaid himself is Shariah-compliant, so is his business as claimed in its profile. That said, lets have a look at their tax practices. Guess the amount of tax paid by this successful entrepreneur like Junaid in 2013? Hold your breath and listen: Only Rs 52,303. You must also be curious about the tax paid by his business. Let me tell you first that it has 54 business points in Pakistans different cities and six in UAE, UK and US, according to their official website. However, the information registered with tax authorities indicate the number of business points only 21. The income tax paid by Junaid Jamshed Pvt Ltd is Rs 2.99 millions. This business tax shows his stores combined annual income should not be more than Rs 20 million maximum. Kidding? Will Junaid Jamshed spare sometimes to explain whether he is an honest taxpayer? If not, then he should clarify as a preacher: If cheating on state through mis-declaration in income and tax is allowed in Islam?
Posted on: Sun, 30 Nov 2014 12:51:44 +0000
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