Salary and Property Income Tax Calculation | IRIS | Logic of Calculation on IRIS | How to Save | FBR
Спорт
Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Click on below WhatsApp link for further details of Practical Taxation Course
wa.me/923007574731?text=Pract...
Income tax Includes
1. Section-149 Income from Salary
2. Section-155 Income from Property
3. Section-153 Payment of goods, service and contract
4. Section-147 Advance income tax
5. Section-148 Import
6. Section-231AA and 236P Advance tax on certain banking transection
7. Section-231B Advance tax at the time of registration of private motor vehicle
8. Section-235A Tax collection from domestic electric bills
9. Section-236 Tax collection from telephone users
10. Section-236B Advance tax on purchase of domestic air ticket
11. Section-236F Advance tax on cable operator and other electronic media
12. Section-236G Advance tax on sale to distributor, dealer and wholesalers
13. Section-236H Advance tax on sale to retailers
14. Section-236I Advance tax by educational institutions
15. Section-236U Advance tax on insurance premium
16. Section-236X Advance tax on Tobacco
17. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
18. Fine and penalties
19. Section-177 Audit
20. Treatment of provision for bad and doubtful debts
Sale Tax Includes
1. What is sale tax or indirect tax and concept of VAT
2. Difference between Input and Output tax
3. Further tax and extra tax
4. Calculation of Sale tax
5. Advance sale tax
6. Withholding Sale tax
7. Debit and credit notes
8. Admissible credit
9. Annexure A, B, C, F,H, J and I with practical example
10. Supply and purchase register
11. Stock or consumption sheet
12. Concept of Punjab Revenue Authority (PRA) and Sindh Revenue Authority (SRB)
E-Filing
1. Monthly sale tax return
2. Withholding Statement
3. Reconciliation of sale tax return
4. Reconciliation of wealth
5. Annual income tax return of Salary Individual
6. Annual income tax return of Company
7. Annual income tax return of Business Individual / Retailer or Trader
8. Annual income tax return of AOP
All above section will be cover with practical example and online filing.
Regards,
Faheem Mehboob
ACCA Member
03007574731
Пікірлер: 111
really very informative and explanatory video on Rental income. Thanks for your efforts and lecture.
@faheempracticallearning
10 ай бұрын
👍
Khush Rahee jeetay rahee kum waqat may zayda achi knowledge Teaching is an art not science God bless you and yours
@faheempracticallearning
7 ай бұрын
👍
Very useful and informative video. JazakAllah
@faheempracticallearning
10 ай бұрын
👌
Excellent demonstration
@faheempracticallearning
11 күн бұрын
@@kamranmahmood2869 👍
Superb, excellent way ❤
@faheempracticallearning
10 ай бұрын
👌
Nice information sir Have a blessing life
@faheempracticallearning
6 ай бұрын
👍
Got it sir...JazakAAllah❤❤
@faheempracticallearning
10 ай бұрын
👌
Perfect vedio❤
@faheempracticallearning
6 ай бұрын
👍
Very informative video
@faheempracticallearning
10 ай бұрын
👌
Perfect vedio
@faheempracticallearning
6 ай бұрын
👍
Very informative
@faheempracticallearning
10 ай бұрын
👍
Great
Best for every one to learn.
@faheempracticallearning
24 күн бұрын
@@AliNawaz-rm5ui 👍
Nice Information..
@faheempracticallearning
10 ай бұрын
👍
Good work
@faheempracticallearning
24 күн бұрын
@@yasir3566 👍
thanks sir problem solved
@faheempracticallearning
10 ай бұрын
👍
Thank you
@faheempracticallearning
24 күн бұрын
@@AliNawaz-rm5ui 👍
Nice
@faheempracticallearning
10 ай бұрын
👍
Assalam Alakum Sir, Thank U ap ne achhe treeqe se rahnumai farmai h. Kindly sir mujhe ap ki guidence chahiye k last yrs ka jo refundable tax h wo ma har dafa claim karta hoon mgr koi response ni milta. Lihaza ma usko mojooda sal ki return ma adjust karne k lie kon se tab ya column ma enter kronga. Thank u so much. Meri dua h k allaha apko hamesha khush rakhe plz. Reply me
Sir, here is a question. A govt servant is availing house rent subsidy. His house is rented by the Deptt for the employee and Deptt will pay the rent after the deduction of tax. When I prepare his return, how I will show his already deducted tax against the property? please explain or make a video on the topic. Thanks and regards.
@faheempracticallearning
10 ай бұрын
Part of salary
@faheempracticallearning
10 ай бұрын
For him it is benefit and paid, with salary
Boss AoA Please guide me; in income tax return of my client; full and final income I declared in Normal income in reconciliation;;;what should I do as it is no material error whether I should revise
Sir, if a widow who is also a government teacher receives her husbands pension, who was a government professor. Will it consider income for her and mention in the pension column or just mention in inflows adjustment in wealth. Thanks and regards
Good sir. Which price we have to enter market price or origin price in both columns. Please guide I am stuck to file either enter market value fro provided link of fbr or same price as we buy or enter any price above the buy price
@faheempracticallearning
10 ай бұрын
pls check high court order lecture, i have already explained in details
AoA Sir Joint bank A/C ka kia treatment hoga Wealth statment ma Full bank balance likho Ya half.
@faheempracticallearning
10 ай бұрын
Report in both or any one, but balance debit and credit must be match including closing balance
@aqibnaseer5494
10 ай бұрын
Sir can you please make a video on it ? YT pa koi video nh mili is topic pa
@faheempracticallearning
10 ай бұрын
@@aqibnaseer5494 it is very simple
@aqibnaseer5494
10 ай бұрын
Sir I have one more Question kindly help. Tax year 2021 related sep 2022 ma Show Cause notice aya tha. Property declarered thi. Reply kr deya tha within due date oct 2022 ma ... abhe tak koi response nh aya. Na outbox ma araaha or na completed task ma or na wo resturn revise kr sakta. Ap bata sakta ha show cause kab Timebarred hota ha ya kab fbr liable h reply krna k lia?
Sir if a person is owner of Five rented properties how he can shift it to brother wife andson to avoid higher taxes how rent can b transfer to family member or contract when the owner is other family member pl elaborate
Salary person agr service dy Raha hi r us say 10% deduction ho rahi hi section 153(1)(b) may Jo k system minimum may calculate kr Raha hi Js tax slab increase ho Raha us k liy koi option ho tu share karain
@faheempracticallearning
10 ай бұрын
same, just try to manage in advance next time
Date ka kya bana extend honi hai ya nahi
@faheempracticallearning
10 ай бұрын
Tomorrow will come
Bhai salary aur rental income ko sath ma kiyun calculate kar raha hai. Jab k 300k exemption nahe hai rental income pa
@faheempracticallearning
17 күн бұрын
Yes thn business tax rates applicables
how to file indvidual income tax return for the first time after registeration on 1 may 2024
@faheempracticallearning
Ай бұрын
Watch lecture of how to file tax return
Bhai tax rate to pata chal gya salary rate or 155 men jo clash h wo b to highlight kren!! Us ka kiya kren rental income 300000 se kam he us pe to apply hi nahin hota tax but salary is more is chakar men rental income p again tax apply h jata h!! pe b apply ho jata h !!
@faheempracticallearning
2 ай бұрын
Yes because income increased, so we need fo pay on increased income
How to enter tax deducted by University against other then salary amount under 153 (payment on services by 20%)
@faheempracticallearning
8 ай бұрын
For this 1st you need to check whether hired as salary person or contract, if salary person thn salary slab rates applied, if on contract thn 153 rates applied. 1st need to double and clear, the agreement
Sir salary income Kay sath Meri services income bhe hai or USS par withholding bhe ho jata hai to main apni return kesay file karon kiun Kay Mera koi extra business ni hai I am a doctor but I have no clinical income...hospitals withhold the tax .
@faheempracticallearning
10 ай бұрын
on service income tax deducted at source or not?
@muhammadasim8434
10 ай бұрын
@@faheempracticallearning yes deducted sir
@muhammadasim8434
10 ай бұрын
So what can I do
please share refence of tax apportionment
@faheempracticallearning
Күн бұрын
Check Input not allowed section of sales tax act
Behbood certificate walon k Sath bhi aisa hi ho Raha hai. Ek widow Jo k teacher Hein, jab behbood ka profit show kia, iris be salary k Sath Mila kar ek lakh Sola hazar tax calculate kar dia, jab k salary SE TU already deduct ho Chuka hai, Sirf behbood k profit pe calculate hona tha Jo k 5 per cent hai. Iska koi solution btayen.
@faheempracticallearning
10 ай бұрын
agreed
Please guide about the section 153 1(b)
@faheempracticallearning
10 ай бұрын
What information needed?
agar rent less show Kya jay to FBR ko kaisay pata chalay ga.
@faheempracticallearning
24 күн бұрын
we need to report actual, they have many ways to find
First time tex return file ki ha.... Active status kb tk ho jay ga...?
@faheempracticallearning
10 ай бұрын
1st March 2024
@mrmobile2865
10 ай бұрын
@@faheempracticallearning itna late q sir
@faheempracticallearning
10 ай бұрын
@@mrmobile2865 as per FBR practice tax year 2023 return, status will be active on 1st March
Today I entered data in new IRIS model. The problem is that personal expenses impact is not visible in reconciliation. Any solution??
@faheempracticallearning
10 ай бұрын
Delete form and select again
@muhammadzubair7679
10 ай бұрын
You are saying that whatever entered should be deleted and start entering from zero.
@faheempracticallearning
10 ай бұрын
@@muhammadzubair7679 yes
@muhammadzubair7679
10 ай бұрын
I deleted the form and started from zero. It's working. Thanks. Now one problem facing as in expenses detail taxes word is missing. Where to report the amount of taxes deducted?
Where to enter income of networking or affiliate marketing in IRIS. lets say its 5K To 10K monthly , tax is already deducted and amount received on easy paisa account. Please guide.
@faheempracticallearning
10 ай бұрын
under which section tax already deducted?
@khalidsaeed4342
10 ай бұрын
@faheempracticallearning , tax is deducted 10% but I am not sure under which section.let me check plz
@faheempracticallearning
10 ай бұрын
@@khalidsaeed4342 share section
@khalidsaeed4342
10 ай бұрын
@@faheempracticallearning section 151
Can a private job and business be managed the same way
@faheempracticallearning
10 ай бұрын
yes
Thankyou. Want to clear one thing, please guide how to make rental agreement of shops to my wife. She is a house wife and dependent on me. I am a salary government servant and the shops are on my name. Do i have to transfer the ownership of the shops in her name? Or just give stamp paper authorizing her to collect the monthly rent and show in her tax return. Please explain in detail the exact procedure in minute details, thankyou
@naeemhamdani7934
10 ай бұрын
Ŕépĺý please
Can a daughter rent out her property to his father @50000 per month through stamp paper deed And can father sublet that property for a rent of 100,000/ per month through stamp paper
How did you calculate 83% And 17%
@faheempracticallearning
10 ай бұрын
Watch complete lecture
@shameelaakhtar2955
10 ай бұрын
I have seen many times but can’t get it how 83% and 17% come
A.o.a
@faheempracticallearning
10 ай бұрын
W.salam
Pakistani Awwam Kis Laye Day Rant Wali Incom Par Government Ko Tax
@faheempracticallearning
10 ай бұрын
😄
@sikandarraza7806
10 ай бұрын
@@faheempracticallearning Sir Sirf Tax Day Day Kar Miltha Kayya Ha Awwam Ko Sub Kuch To HAKOOMAT Laye Rahai Ha Awwam Say Petrol ⛽️ Ke Mad Mayn Electric Ke Mad Mayn 18 Percent Tax Ha Har Cheaz Par Or Sesyet Dan Zulam Kar Kay Ammam Ko Lota Ha Or Kasi Ko Awwam Ke Fakir Nhi Ha
Need your help
@faheempracticallearning
10 ай бұрын
Yes
Thx for useful info Our Govt is being run by idiots
@faheempracticallearning
10 ай бұрын
😄
This video has no sound😮
@faheempracticallearning
10 ай бұрын
have pls check may be some issue, with your device
@abdurrahmanomar4110
10 ай бұрын
Voice is fine
@TechEnterNetwork7585
10 ай бұрын
@@faheempracticallearning Yes ...... there was issue in my phone which is now solved.... sorry for inconvenience
@faheempracticallearning
10 ай бұрын
👍
سر میں آن لائن سوفٹ ویر بنانے کا کام کرتا ہوں اور گورنمنٹ کی جاب بھی کرتا ہوں۔ اور کچھ بچے ہوئے پیسے بنک میں ہیں ان سے پرافٹ بھی لیتا ہوں اس کی رٹرن فائل کیسے ہو گی ۔
@ArshadAli-rp5qx
6 күн бұрын
Agar business income k sath rental income ho wo kaisay hal karain gay zarro air jaldi batain . thanks