Zabardast Allah Bless You Always

اگرآپ کی تنخواھ 6 لاکھ اور پراپرٹی انکم بھی 6 لاکھ ہے تو بچت کیسے ہو سکتی ہے؟

Jazak ALLAH sir❤

@faheempracticallearning

Ай бұрын

👍

@manzoorahmed4400

13 күн бұрын

کرایہ نامہ 11 ماہ کا ھوتا ھے اور ٹیکس ایک سال پر لگاتے ھیں اس کو کیسے کور کریں گے​@@faheempracticallearning

❤ great 👍

Aoa, Fahim bhai thank you for the updates and the explanations. I have contested many cases u/s 161 of the ordinance. You are right the dispute between WHT deduction and certaning the Income from property is unattended since many years. Tax authorities do not allow a prescribed person to deduct tax by considering the deductions allowed u/s 15A as they mention that any withholding agent could not certain the income of the owner of the property. Where clause (a) of section 15A is clear about the deduction allowed.

@faheempracticallearning

10 ай бұрын

👍

Thanks for sharing useful info 👍

@faheempracticallearning

10 ай бұрын

👍

Nice video

@faheempracticallearning

3 ай бұрын

👍

What about if own residential apartment is given to an individual on rent agreement of 88000/-…. ?

INCOM TAX RETURN KAY CHARGES KIA HAIN

@faheempracticallearning

26 күн бұрын

0300-7574731 pls contact on this number for further details

Hi I have 2 queries. 1. Refund of previous year is not getting adjusted it gets zero all tha time. 2. What will be the treatment of hiring of house received by govt employee?

aoa, please advise, whether we need to book INHERITED PROPERTY on ZERO value or otherwise?

Aoa Sir, If I have rental income and pay property tax of that building to the Punjab government every year, can I adjust that property tax against your rental income when filing my tax return? Some KZreadrs suggest it might be possible.

😊😊😊😊

@faheempracticallearning

8 ай бұрын

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AOA Sir I have only one house but I have to rent it out due to my transfer posting and almost same amount I have to pay against rent at my posting place. Whether I have to pay tax on that income i am getting from my rentee as practically I have no earning from rent income.

AOA sir and if there is possibility if someone mistakenly Registered in fbr but not submitted form 181. Some ask me if form 181 not submitted then there is a option to delete this form and then also delete account sir?

Sir, I have a question, please help me. I got a profit of 9 million from special savings certificates in 2022-23. But this was profit of three years, 2020-21, 2021-22, and 2022-23. Can I enter profit of first two years in fixed tax under National savings certificates from previous years under 39 (4A) Thanks

#FaheemPracticalLearningHouse Bhai aap na mazeed tax save karna k points nahe batae shayed pehla wala lectures ma hun ga jasa us property pa ju taxes dia hain, koe rent collect karna jata ha etc

@faheempracticallearning

10 ай бұрын

Yes, I think already explained, in previous lectures

Faheem bhai, Can you please explain how to treat life insurance policies in Tax Return. suppose if I am paying 3 policies every year , amount of 4 lakh rupees. I will mention it in my expenses. Do I need to enter it in my assets too ? as this money is like an investment and will be returned either on completion or if I will cancel the policy. Then how to treat amount received at maturity or at withdrawl?

@faheempracticallearning

10 ай бұрын

it is not expense, report this in asset, when received money at maturity, add in bank or cash balance, and other.

AOA. I am non resident salaried person working in Afghanistan. Our country has no banking channel this time. Please guide me how can I prove my salary to tax department in Pakistan. Note: I am carrying salary in cash from Afghanistan to Pakistan or through Private money exchanges (sarafi) and how can get written clarification from FBR about this. Thanks

Faheem shb, can you plz guide how to differentiate Residential & Commercial Properties? Once built and start using for commercial purposes, then sure it will fall under commercial but until then, when its empty plot on the road side, will it still fall in commercial category? Thanks.

@faheempracticallearning

10 ай бұрын

For land side and valuation side, it will be more clear from land record department, whether considered area, fall that commercial or not. 7e only deal with collection of tax

@DilshadRVirk

10 ай бұрын

@@faheempracticallearning Ok, Thanks. In FBR valuation table, the location is given in both categories of Residential and Commercial. Last time I wants to do some construction on a road side plot, and I came to know that I've to convert the land to Commercial first by paying the required Fee and then can do the construction. So can we consider those plots Residential, unless converted to Commercial?

Aoa Sir is me last 5 years k refund claim ho sakte ha ya 4 years k ho sakte ha jis trah video me ap bata rahe ha law k mutabiq hum kitne years ka kr sakte ha?

@faheempracticallearning

10 ай бұрын

W.salam yes

Is depreciation is applicable on residential property under 7 E ? Kindly guide on this .

@faheempracticallearning

10 ай бұрын

No

Sir my question is different from this video butt only reason for asking, it's your latest video so i thought that here i could find answer as early as possible. My question is " could we put withholding tax entry in iris without getting their certificates as we have downloaded the withholding tax list from iris dashboard? I have 233 type certificate that was deducted against income earned on commition earned.butt i don't have certificate against 236 h against retailers tax butt iris shows in excel file that tax. Should i enter in iris this withholding tax without certificate?

@faheempracticallearning

10 ай бұрын

certificate, help you to show the easy document, if any point of time, FBR asked for any document, if all withholding available in dashboard thn ok, but mostly date not 100% showing in dashboard.

AoA, If an individual has to deduct withholding tax from payment of rent to owner/individual??

@faheempracticallearning

10 ай бұрын

So what is your question?

@market6847

10 ай бұрын

@@faheempracticallearning kia individual ne bhi tax deduct kerna hota ha jab rent pay Kare?

@faheempracticallearning

10 ай бұрын

@@market6847 watch rent tax lecture, for complete understanding

AoA, how we can add fair market value, if housing society is not on the list of fbr notification tks

@faheempracticallearning

10 ай бұрын

w.salam, which city?

@ZafarIqbal-ps6tz

10 ай бұрын

My plot located at grand Avenue housing scheme, main ferozpur road Lahore, which is not included in fbr list /notification.

Faheem bhai your efforts are awesome. On KZread too much video about tax and the followers are also more than your channel butt your accuracy and to the point videos are really appreciate able. Public trends towards much following ratio without knowing the truth. Wrong information is being told on other channels butt you are on the top of my list after searching much about tax info. I quit every one after gathering all your vids on channel. I m a shopkeeper but found of study. I stopped my education for some reason butt again taking classes from you. I m watching your vids from 5 years ago uploaded.

@faheempracticallearning

10 ай бұрын

👌

Sit let me know, my client having 2 type of income salay and rental all taxes are being paid u/s 155 and 149 properly , but when we put the amounts in return a extra tax demand is being created , how to deal with that problums.

@faheempracticallearning

10 ай бұрын

Business rates will be applied,

@EconTech_Insights

10 ай бұрын

Suppose an individual has annual salary income of 6 Million and he has paid tax on that income as per section 149. At the same time he has received 580,000 annual rent without any withholding of tax. As per your above discussion, what i understand is that this rental income will be treated under the head of buusiness income and therefore he will pay zero tax as rental income is below threashold of 6lac business income irrespective of the fact that his salary income is more than 70% of his total income. Am i right? Plz clarify?

@faheempracticallearning

10 ай бұрын

@@EconTech_Insights no, watch rent and salary tax calculation lecture

@EconTech_Insights

10 ай бұрын

Plz share link here

السلام علیکم If Rental Income is less than Rs. 300,000 and Salary Income is above Rs. 600,00 then also Rental Income is Exempt??

@faheempracticallearning

10 ай бұрын

300K used for withholding, but in annual return exempt value same as salary

@muhammadazherjaved7638

10 ай бұрын

@@faheempracticallearning When I enter Rental Income of Rs. 300,000 in Iris, the tax is increased. Although Tax on Salary is already paid by me. How should I manage it to avoid Tax on Rental Income of Rs. 300,000??

@faheempracticallearning

10 ай бұрын

@@muhammadazherjaved7638 when 2 income source IRIS applied combined rates

@muhammadazherjaved7638

10 ай бұрын

@@faheempracticallearning Then why it is quoted by Law that Rental Income (Property Income) upto Rs. 300,000 is Exempt??

@ZainKhan-hc5gu

10 ай бұрын

​@@faheempracticallearningYes please guide how to avoid it