Faheem Practical Learning House
Faheem Practical Learning House
Practical Pakistan Taxation Course
Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please What's App or call at 03007574731.
TUTOR & TAX CONSULTANT
Regards,
Faheem Mehboob
ACCA Member
Senior Manager Finance & Taxation MNC
12 Years + of Practical experience
1000+ Students
Cell / WhatsApp: 0092300-7574731 for further information
Пікірлер
Excuse me sir hum na June 2024 ma house lia ha to oss capital assets ma bi report kro. And second question sir wo current market value oss ki value report kra ga?
@@user-vo3sk8sp9l pls watch complete lecture of 7E
7E to tab pay hota jub capital assets transfer kea jata to pay krnay ka wasy zarut nhn asay , so tax retrn file krnay sy is pay koe bar nhn ata kunkah ye to at the time of transfer collect kea jata hy.
@PRIMELAWASSOCIATES no, as per current law, every year we need to pay, tax on property exceedingly 25M
Assalamualikum! Faheem Bhai, your videos have been really helpful and informative. Can you please make a video on how the collecting agent will generate the PSID for depositing the collected 236H into the Government Treasury ? JazakAllah
W.salam yes sure.
Faheem sb abbi ager 7E ka form ma mention kr dey or kaa phir bi 1 % deposit krwana perhy ga
@@ARG1151 yes, if eligible for tax
What about rented home?
Same process
Plz guide about evaluation of inhertied property in 7E. Should we repot this on ZERO value ? Plz explain
1) If have registry value then report on that, including transfer fee 2) Otherwise report on current value 3) Don't Report on zero, because on sale we also need to pay capital gain tax, previously as per law, if sold after six years capital gain tax, exempt, now no limit
بہترین معلومات ھیں لیکن آپ جس رفتار سے بول رھے ھیں ، لگتا ھے کوئی نوجوان چیتا آپ کے پیچھے لگا ھوا ھے.
@@faeqiqbal5700 😄, I think reasonable speed, otherwise lecture will be long, people don't have much time to listen
Faheem sahab you mean Capital Asset form get ready and save in draft and after final decession from the Court then submit accordingly
@@masoodahmedkhan622 yes
السلام علیکم! سر یہ 7E والا فارم 25ملین سے کم پراپرٹی والے بھی لازمی fill کر کے جمع کرائیں آن لائن ؟ یا ان کے لئے لازمی نہیں ہے؟
@@msdoun for all
Aoa Sir I've got a problem regarding filling Capital Asset. First time I entered the data and select option of one assest on owner name but system didn't save it and closed the site Now when I enter again , system says "This option can be selected one time". Now how can I enter the Capital Asset?
@@nailagul5651 W.salam try after some time
@@faheempracticallearning jazakAllah khair
@@nailagul5651 👍
Aoa... Sir if a person deriving income salary and other sources which return he will file... Salary tax return or Normal return...???
@@qummersaeed no difference, better to select normal
Sir how to treqt Committee in the return.?
I have already explained in previous lecture
گزشتہ سال کے گوشوارے میں 7E کا فارم فل کیا گیا تھا اس میں کوئی تبدیلی نہیں ھے اور ایف بی آر کی ویلیو میں بھی تبدیلی نہیں ہوئی ھے تو گزشتہ سال والی ڈیکلریشن کافی ھے یا 2024 کے لئے دوبارہ بنانا پڑے گا
Yes same
@@faheempracticallearning Thanks and regards
I am non resident I am filer and I have purchased property on wife name who is also filer. Now I have to show that property in my wealth statement as “asset held on other’s name” or has to show in wife wealth statement as gift?
Report as per ownership,
@@faheempracticallearning if I show by ownership then I report as gift in my wealth statement?
@@MohammadImran-pc6cu it is technical part
7E assets less than 25 million, the person should file return without wait?
Better to wait
What about fresh filer, who registers his NTN now and file taxes? Will the person be late filer or filer?
Late filer
What about fresh filer, who registers his NTN now and file taxes? Will the person be late filer or filer?
Late filer
Sir ye jo back date main Filer kr rhy hain k late filer sy bachain ye karwana chahea k nai Please Reply?
This is illegal, after some days FBR will take action against this.
@@faheempracticallearning Thank you Sir ♥️
@@Faisalkhan-ys3xx 👍
@@faheempracticallearning sir I think we can submit back date return against reply of 114(4) notice.
@@haroonansari1235 no
بھائی میں نے 2021 میں 5 مرلہ گھر لیا اور اس میں خود رہ رہا ہوں اور اس کو پرسنل ایسٹ والے میں انٹری کیا ہوا ہے، کیا اسے اب Capital Asset والے 7ای کے فارم میں دوبارہ انٹر کرنا پڑے گا جبکہ پچھلا ڈیٹا import کرنے پر وہ پرسنل asset میں show ہو رہا ہے۔
Yes all types of property, houses plot also need to report, in capital assets form, as well
A person show plot in 7e form 2023 cost 6500000 now in current year construction cost 5000000 how's record impact of construction cost
Is the7E tax paid at the time of sale is adjustable?? Also, how to enter the 7E tax paid in tax return.? Please guide
@@ammadurrehman9447 not adjustable
@@faheempracticallearning ok noted , please also advise on the second query please that is how and where to enter the 7E paid at time sale of asset in this tax return?
@@ammadurrehman9447 part of expenses
@@faheempracticallearning thanks 🙏
@@ammadurrehman9447 👍
Sir 3 ni 2 months ki expiry banti hai as per slip
Sir, Section 73 of Sales Tax pe b aik vedio kr dein please
Yes sure
Salary should be taken on Accrual Basis or Receipt Basis (Cash Basis), for example if i Received my june-24 salary in July 24 should this be included in my 24 return?
For one month no issue, take as cash basic, also check whether your employer deposit in same tax year or not, match the tax payment, with salary
Apna mobil no day
Revised return is not getting submitted due to HS-Code issue. At the time of Normal Return submission STGO 13 was not implemented. I have tried to add local purchase but it is not showing in Annex-A. Please guide what to do?
Check this is purchase buying issue, may be purchase not available in your tax return
@@faheempracticallearning purchase is there. We have both local and import purchases in that period
Is biometric compulsory for those individuals who have permanently closed the business and are filing only nill sales tax returns?
Yes
Where are expenses?
Personal household daily expense
Is it applied only on commercial meters not residential? What if meter is not on landlord name or its on builder name?
Both, if have advance income tax
@@faheempracticallearning meter is on builder name not landlord name
@SAS.PISCES not claimable
Esahulat franchisee told me it's slip expiry date not biometric
Yes, but still it confusing
Bohat sare technical problems han jo fbr ko smj nhe a rhe jis ne baki tax pay kr dya ha us ka hs code jo input wapis chla gya wo ak peoblem jo fbr nzar nhe a rha pyemnt hobe bad bhe koi hal nhe
Agreed
2023 assets property in wealth statement how to show in 7e form 2024 return and which amount show FBR/fair value price or market value price
Both cost and FMV
useful video
👍
Sir, would you like to share excel sheet.. :)
Yes sure
Bhai mera petrol pump hai meri june ki return provisionl submit hogai thi per mene chek kara tw purchase invoice gayab hai show nhi horahi or na edit ka option availabel hai kia kara jay plz batay faheem sahb
Within next week, your issue will be resolved
And for thirs schedule products returns blocked issue ?@@faheempracticallearning
Bhai mera petrol pump hai meri june ki return provisionl submit hogai thi per mene chek kara tw purchase invoice gayab hai show nhi horahi or na edit ka option availabel hai kia kara jay plz batay faheem sahb
Within a week, it will be resolved
Meri sales tax return main purchase invoice show nhi horahai provisional return submit hogai hai aj check kara tw purchase invoice nhi dikh rahi mera petrol pum hai
is tax calculated on Net or Gross salary?
Gross
اسلام و علیکم! فہیم صاحب ہم اگر میٹ ایکسپورٹ کرتے ہیں تو کتنا ٹیکس دینا ہوگا۔ اس کے علاؤہ اگر ہم لائیو سٹاک خریدتے یا فروخت کرتے ہیں اس پر بھی کوئی ٹیکس عائد ہوگا یا نہیں؟ راہنمائی فرما دیں۔
Sir Online store (sole proprietorship) ka turnover 8 million se cross kr jye aur setup residential area men ho but number of employees 6 salaries pe hon aur 10 freelancer hon Aur future men 1 commercial street men 750 sq ft ki shop men outlet open krna ho business ka to kia is condition men sales tax registration krwani hogi ya nhi?
Why shouldn't we charge 236H on excluding amount as it is a sale amount for the supplier
Yes technically it must be, but as per law we need to charge on gross amount
@@faheempracticallearning sir but it is not written anywhere in the ordinance
@@hasnainhussam2289 read 1st like of 236H section,
Sir hum retail or sub distributore ko sale kerty hi tou hum 236 H charge kery ka 236 G or hamara manufacture jis ka hum distributore hai woh hum se 236H 1% charge kerta hai please wht we can do
My Sales Tax Return of June 2024 is in a Payable Mode despite the Supplier has also submitted his Return of June 2024 along the Difference also Paid . Issues are as under: 1- Return of June 2024 was in Draft until 31st of July 2024 2- On1st August 2024, my Return of June 2024 showed a Payable Amount Rs. 328,858 despite the fact that in the same Return i.e. June 2024 Headwise Payable shows my payments of Rs. 54,332/- 3- My supplier submitted his Return of June 2024 on 3rd of August 2024 for which my CLAIM of Rs. 274,526/- is still not available. 4- That my Total Amount of Rs. 328,858/- should make my Payable Rs. 0.00 with automatic submission of My Return of June 2024 Dear, Faheem, would you, please, guide what should be done.
Wait some days, it will be update.
Good information 👍 Shaukat awan advocate
👍
Kindly share video on topic regarding advance received from customers, it's treatment in sales tax and issuance of invoice
Yes sure
Sir 236G&H ko withholding statement 165 mn b file krna hai jese 153 ka krte hain?
Yes
Is me withholding tax woh nahi hey
Yes
I did multiple biometrics for property, vehicle and other things and expiry date is mentioned on all slips but it has no effect, its just system option of esahulat system which may be availed if needed.
Yes but still, it is confusing
assalam o alikum sir main ney 2024 ki return submit ki hai ab 2023 ki submit nhi ho rahi aur ATL ka 1000 ka chalan bhi jama kara dia hi phir bhi submit nhi ho rahi plz tell solution
w.salam which error
you can not submit this task.please create and submit relevant task against issued notice. yeh likha hua aa jata hai
@@ameermurtaza3325 check inbox you have already received notice to file tax return, select that thn file, after that it will be ok
check kia hai waha 2022 aur 2023 ka notice tha k return submit karen
In case loss on property how's file return
same process, report the loss in other, in reconciliation of form