Your great I learn alot

Yours way of explanation is outstanding

@faheempracticallearning

4 ай бұрын

👍

Informative video Faeem Sb

@faheempracticallearning

4 ай бұрын

👍

Sir... thank you very much for such a useful information

@faheempracticallearning

4 ай бұрын

👍

Sir agar Meri company koi cheeze manufacture karti hai 6 cars bhi purchase karti for reselling aur isko sales aik particular year mein profit generate karti tu ye capital gain mein include hoga ye kisi aur head of income mein

Thanks for your video kindly explain how to report gold receive in dowry.

Sir agar 5 tola main se 1 ya 2 tola sale kare to use kaise zahir kare ge please guide

Ab jis ny pehli bar 0 declare kr dya ,,wo kia kary,,ab usko change kr sakty he

Great video sir

@faheempracticallearning

8 ай бұрын

👍

thank you sir i was doing it wrong but not shall repeat the same mistake from now onward.

@faheempracticallearning

4 ай бұрын

😔

Great sir

@faheempracticallearning

10 ай бұрын

👍

12 tola gold liya year 2007 ma 10 Lac ka ap return ma present gold ki value likh ya porana rate per gold liya wo likh

A.A sir keya koi person apni return main wife possession gold likh sakta hey? Aur agar likh sakta to wife possession gold ki value zero likhi jaey gi ya fair market value? Plz guide about it

i have surrender the insurance policy before maturity and the amount received is less then the amount of premium paid (already mentioned in assets section ) , what will be the entries in IRIS.

Please make a video on income tax return for mutual funds account holder. Specially for one when profit shown in mutual fund account but no tax deducted as amount not redeem from account

Sir agr already 3 sal pehle hum gold ko zero value pe show kr chuke hain tu ab 100% sale value pe capital gain se kese bacha ja sakta hai?

Nice lecture

@faheempracticallearning

Жыл бұрын

Jazak Allah

Thank you 😊

@faheempracticallearning

8 ай бұрын

👍

Aoa, Dear Sir, I hv heard to report inherited property on zero value in balance sheet. Is it ok? Or v should mention inherited property on DC rate to save ourself from capital gain. Please reply.

If we report according to market value then how we can prove our source of income ?

What is tax rate of gain of sale of gold? Kindly explain?

Assalam u alaikum, Sir Section 37 (5) (d) mn capital assets 38 (5) ko ko exclude kiya gya hai capital gain se, jis mn Gold / Jewellery bhi shamil hai please comment

@faheempracticallearning

Жыл бұрын

any movable property 7 [excluding capital assets specified in sub-section (5) of section 38] 38-5 (5) No loss shall be recognized under this Ordinance on the disposal of the following capital assets, namely:- (a) A painting, sculpture, drawing or other work of art; (b) jewellery; (c) a rare manuscript, folio or book; (d) a postage stamp or first day cover; (e) a coin or medallion; or (f) an antique. Word used exclude, means added in capital assets. in Finance act 2003

@faheempracticallearning

Жыл бұрын

if word used does not include thn it means not taxable

@umairkhalid831

Жыл бұрын

@@faheempracticallearning understand thanks

sir mein unemployed hun. meray father nay 2013 mein aik commercial property meray naam pr buy ki thy. jo aj bhi meray name pr hai. ab mein us property ko sale krna chahta hun. mein yesterday 1st time iris fbr pr register huwa hun aur mein nay 2021 aur 2022 ki nill tax return submit kr di hain issi month (Dec-2022). But mein nay apni wealth statement mein kuch bi add (property etc.) nai kiya. 1. Iss ki wja say koi problem tu nai hu ga property isi saal (January 2023) sale kertay waqt filer property tax mein ya income tax mein aur bank account mein paisay rakhwatay waqt ? 2. Kya mujay revised wealth statement fill krni chaiya (property add krnay kay liya) ?

@faheempracticallearning

Жыл бұрын

Revise both statements, you need to report all assets in your return

excellent. very well explained. it really makes sense. your valuable input is required in following particular case. e.g. u mentioned value of one tola gold one lac in your previous return. In current year value of one tola gold becomes two lac. u did not sell the gold. u have to mention it in current year. where will u mention one lac increase in asset in income head? it is not your salary. It is not capital gain because u did not sell the gold. In which head we should mention it?? Reply

@NomanKhan-ii9oo

10 ай бұрын

Same question plz reply

@ayeshaurooj7192

9 ай бұрын

If falls in personal assets..

Asslamo alaikum sir, 2018 se gold marriage pe Mila uski value 0 likh di.. Kya ab 2023-24 ki return mein 2018 mein Jo gold ki value thi wo likh sakty Hain? Matlab 0 se value change ho jayegi? And 2nd question ye k us mein se 3 tola gold sale kr dia Lekin receipt ni hai. Us ka Kya kia ja sakta hai ab? Thanks

@faheempracticallearning

5 ай бұрын

no, one declared, not changed, subsequently

Can you guide me plz, 2 year old Wealth statements revise krnay k lye approval ki application deni parti hai?

@faheempracticallearning

9 ай бұрын

Yes

@Accountant2023

9 ай бұрын

@@faheempracticallearning Thanks alot sir for your reply

AOA sir, her saal ki tax return mei gold ya propery ki price value ko increase karna hai ya jo 1st return mei likha tha wohi rehne dain ????

@faheempracticallearning

Жыл бұрын

Not increase, eveytime sale, same reported in 1st return.

@user-lt3wu7tt8c

Жыл бұрын

@@faheempracticallearning sir one more thing return mei property ki DC value likhi jaye ya market value

@user-lt3wu7tt8c

Жыл бұрын

@@faheempracticallearning agr mere pass suppose aj 7 Tolla gold hai or mei 2 ya 2.5 tolla sale karta hon jis ki value 4 lac tak hoti hai to kya phir b mujhe captain gain tax dena pare ga

Does the holding period of Gold not matter for imhposition of tax ?

@faheempracticallearning

Жыл бұрын

Yes, no holding period

Faheem sahb kindly guide me about inherited property and inherited gold.... hum normally eski value nill hi mention krty hain

@faheempracticallearning

Жыл бұрын

Pls check, already explained in lecture watch all lecture, don't forward

@tariqhassan387

Ай бұрын

Inheritance may gold ki invoices ka se arrange karey current value mention kernay baad annually gold value addition per Tax jamma kerwaty jain ?

AOA! Agr Gold ki Amount mention krty hain return m tu agr kl ko notice ajy os m wo puchy k evidence dy es ka tb hmary pas tu koi evidence nai ho ga………..?

@faheempracticallearning

Жыл бұрын

1st we need to mention actual value, if we don't have then we can use fair market value, that buying price

Aoa please advise how to report fcy dollar account amount value in tax returns as value fluctuating.

@faheempracticallearning

10 ай бұрын

Update the closing value, based on rate, available in state bank, and difference report in adjustment of inflow tax

@rmfukt

10 ай бұрын

Thanks, I believe you advised considering +ve rate change, please advise inase of -ve rate change. Also please advise what rate to be considered upon withdrawal.

Dear agar gold 2007 ma liya hu like 20x30000= 6 lac And sold in 2023 20x230000= 46 lac Is pa koi tax apply hoga?? Mainay suna ha 5 years old gold pa capital gain tax ni lagta. Kindly answer please. Tax lagaga ya ni? Or kitna lagaga or gold ka tax alag caclualte hoga ya ni q k salary 12 lac yearly report ha tu tax salb change hoga.

@faheempracticallearning

10 ай бұрын

No time limit, applied

Sir agar 0 report kia howa hay pehli return sy he previous returns ma tu ab value add kr sakty hain ya nahe? Plz guide

@faheempracticallearning

Жыл бұрын

No, we can't change

@smile-bj1mf

Жыл бұрын

@@faheempracticallearning Jazzak Allah

I have some gold inherited do i have to report it in my return and what value?

@faheempracticallearning

11 ай бұрын

Check gold lecture

السلام علیکم سر ذرا رہنمائی کر دیجئے گا اگر ہماری ریٹرن میں جو وائٹ منی پڑی ہوتی ہے اگر اس رقم کو بینک میں جمع کروا دے تو پھر بھی نوٹس ائے گامثلا پورے سال میں وائٹ منی میں سے چھوٹی چھوٹی رقم کرکے جمع کروا دیں تو وہ وائٹ منی کا حصہ ہوگی

@faheem sir if someone has reported it at zero value at time of first two returns then how it should be corrected?

@faheempracticallearning

10 ай бұрын

Now revision quite difficult, just keep this

@anasqayyum8985

21 күн бұрын

In k case me agr ye gain tax ki taxable slab SE Neechy reh kr her Saal gold ko sale krty rahy or JB Sara gold sold ho jae according to books to next year dobara se gold purchase ki entry kr dein aj k market rate pe to I think ye matter solve ho skta? What do u think?? ​@@faheempracticallearning

@faheempracticallearning

21 күн бұрын

@@anasqayyum8985 all gain taxable, no slab available in this case.

@anasqayyum8985

21 күн бұрын

​@@faheempracticallearningsir apny hi lecture me bataya k 4 lac gain tk koi tax nhi hai. 4 lac SE oper jae ga to tax pary ga according to slab. Agr ye Bhai 4 lac se Neechy reh kr her Saal sale krty rahy to phr to koi gain tax nhi pary ga.?? Ya slab rates change ho gaye hain is financial year mein?

What is the ruling of gold bars in tax return?

@faheempracticallearning

2 ай бұрын

Report actual

Will and how value of Inherited gold be entered in tax return?

@faheempracticallearning

11 күн бұрын

At 30th June gold rate

I have purchase gold thru forex broker, and still its in trading account and not sold yet , How to show in tax return

@faheempracticallearning

11 ай бұрын

Report buying value

i declared my inherited property as zero value pt-1 on my name for 10 years but registry is still on deceased name , am i out of holding period condition thus no tax when i sell , should i update my inherited value from zero to fbr value next year or not please guide

@faheempracticallearning

Жыл бұрын

Gain and loss period will be started from the date when transfer on your name,

@scorpian3366

Жыл бұрын

@@faheempracticallearning so should i updated from zero value to fbr rate next year

@faheempracticallearning

Жыл бұрын

@@scorpian3366 you can only report in your return, when on your name, further when transfered, FBR calculate the sale and cost price, cost price is registery value.

@scorpian3366

Жыл бұрын

@@faheempracticallearning so when i make registry on my name .i can declare it , my share at fbr rate according valuation table, so that means pt 1 form does not satisfy fbr as a owner ship proof even if your name is on that form for 10 years ,written their as well that property is in self possession

@faheempracticallearning

Жыл бұрын

@@scorpian3366 1st need to transfer on your name.

AS Salamu aikum sir , how to show foreign currency account in annual returns,

@faheempracticallearning

Жыл бұрын

Same like bank account

@atiqurrahman3304

Жыл бұрын

@@faheempracticallearning how to Show its Appreciations e,g last year 50 000 usd equal to 11 million and this year 14.1 million ,

AoA Faheem sahib I want to know what is the treatment of Exchange Gain on Foreign Currency . in tax year 2022 $10000xRs. 205= 2,050,000 was reported in 2002 in Tax 2023 On 30th June 2023 $10,000* Rs. 287= Rs. 2,870,000 How to treat this foreign currency exchange rate in tax return for the year 2023 Appreciate your earlier response thanks

@faheempracticallearning

8 ай бұрын

At the end of each year return, no need to report as per actual exchange, rate until it is realized, means convert into PKR, on additional profit or gain we need to pay capital gain tax as well, so at year end don't covert at actual rate, when sale report capital gain if any

Gold which was reported in return is given to daughter as gift on her marriage. How it would be reported in return now. Please guide. Thanks

@E90999

Ай бұрын

problem solve hoi aap ki?

@irfanrana429

Ай бұрын

Not so far, No body has responded yet.

@Jjr-sk7vr

Ай бұрын

Marriage gifts ,cash,gold etc par income tax lagu hoga,jis tarhan normal gift par tax hota hey

@ahsanulhaqhashmi9408

Ай бұрын

No

ریٹائرمنٹ پر 6 ماہ کی Leave in cashment ملتی ہے کیا وہ taxable ہے

@MalikQayyumAQ

7 ай бұрын

nhi

سر اگر ھم ویلتھ سٹیٹمنٹ میں Dowry شو کرتے ھیں 10 تولہ اور لکھ دیتے ھیں belong to wife since marriage تو اس پر gain کیسے بنتا ھے کیوں کہ یہ تو بیوی کی ملکیت ھے اکتر بیبیاں شوھروں سے پہلی رات ھی بخشوا لیتی ھیں اور اگر یہ 5 سال یا دس سال بعد شوھر کو دیتی ھیں کہ یہ فروخت کر کے اپنی ضرورت پورا کر لیں تو کیا اس پر بھی gain آۓ گا جبکہ بیوی نے دو دن بیچنے سے پہلے خاوند کو دیا ھو حوالے کیا ھو اور اشٹام بھی لکھ کر دیا ھو کہ میں آج خاوند کو اس کی ضرورت پوری کرنے کیلیے دے رھی ھوں کیا یہ ٹھیک ھے اور اس پر gain نہ ھو گا

Sir Is there any obligation on Husband to Show his wife's Gold in his return in case wife is non filler.

@faheempracticallearning

Жыл бұрын

We can report, if actually available

@saifrashid6713

Жыл бұрын

@@faheempracticallearning Can you explain any plus point or drawback of reporting?

@faheempracticallearning

Жыл бұрын

@@saifrashid6713 for this you can report