How to File Property Income Tax Return 2024 | Rental Income | Saving of Tax | Up-to 24% | FBR |

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  • Опубліковано 23 сер 2024
  • 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/message/...
    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

КОМЕНТАРІ • 105

  • @Adnanbhatti788
    @Adnanbhatti788 Місяць тому +1

    MashAllah .faheem bhai u really explain comprehensively

  • @umarhayat8429
    @umarhayat8429 Місяць тому +1

    Very informative video. Please make a video on Agriculture income tax and if someone is Salary, agriculture and services income . Waiting for your video

  • @hasanmunir7330
    @hasanmunir7330 Місяць тому +1

    Faheem bhai, aik video Property Sale ki return filing ke oper bhi bana dein. Example is: Property Sold after 8 Years of acquisition. No CGT applicable. FBR Value of Property is: 1 crore, sold @ 1.5 crore. Amount received in Bank Account. 236-C paid @ 3% of 1 crore (FBR Value) and Sale Deed registered @ 1 crore (FBR Value).

  • @waseemdeenari
    @waseemdeenari Місяць тому +1

    Your videos are highly recommended and very explanatory. I have humble request. I am government Contractor and have company account. I own many government contracts from different departments. When I receive a cheque from any department for my contract. The department deducts the Income Tax and Sindh Revenue Board tax. Kindly make a video on how a government Contractor can submit their annual income tax returns. I will be very thankful.

  • @khansaab3244
    @khansaab3244 28 днів тому +1

    Masha allah good

  • @DilshadRVirk
    @DilshadRVirk 16 днів тому

    Well Explained. Please make a video for 236C & 236K for Non-Residents

  • @arfancybirds
    @arfancybirds Місяць тому +1

    Very informative video sir instalment pr lia plot ko kese deal krengay ispr video banao

  • @rizwanchandiwala
    @rizwanchandiwala Місяць тому

    Fahim Bhai the way you explain and cover everything is highly impressive...
    Please make a video on business income for distributors and commercial importers
    Besides, Can you share this excel file to me

  • @khursheednarvi7367
    @khursheednarvi7367 Місяць тому +1

    Nice one

  • @mehboobalam6447
    @mehboobalam6447 Місяць тому

    Great work sir,thanks

  • @abdulghaffar9211
    @abdulghaffar9211 2 дні тому

    Faheem last year car add ki thi to is year bhi usko show Karna pary ga

  • @finance79campus48
    @finance79campus48 Місяць тому +1

    Very informative video, I have a small question, I have purchased property via bank and also given on rent, I have to pay to bank including rental income and insurance, would this amount is also deducted from the rental income which is more than I have to received.

  • @abidKhan-eq8oo
    @abidKhan-eq8oo 7 днів тому +1

    A.o.A I will fill un ballot plot Dha Lahore but statement shown Dha Islamabad pH 13 kindly resolve

  • @syntaxjhelum
    @syntaxjhelum Місяць тому +2

    Sir, when 1/5th deduction available, if we never utilised any expense against tear and wear, then the amount of 1/5th become the part of cash inflow and become the part of wealth?

  • @UsamaHussain95
    @UsamaHussain95 Місяць тому +1

    Please make a video on final fixed of trading and services waiting for your video 😊

  • @muhammadumaraslam2298
    @muhammadumaraslam2298 Місяць тому +1

    I have a question regarding salary taken as per Section 42. How to show that income during filing tax returns

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@muhammadumaraslam2298 watch salary lecture

    • @muhammadumaraslam2298
      @muhammadumaraslam2298 Місяць тому

      I have seen the complete lecture but there is no information mentioned about how to file income as per section 42 in IRIS ​@@faheempracticallearning

    • @muhammadumaraslam2298
      @muhammadumaraslam2298 Місяць тому

      I have seen the complete lecture but there are no details regarding filing income as per section 42 on IRIS. Where should I show it on IRIS?

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@muhammadumaraslam2298 watch salary lecture

  • @Samyyy631
    @Samyyy631 Місяць тому +1

    Agriculture heredity land only capital assets m likh do or surcharge submit kr do done ho jye ga ya or b kch likhna h

  • @MajidAmin-u8w
    @MajidAmin-u8w 23 дні тому +1

    AOA..Thanks for the useful information...Could we deduct, previous financial year extra tax paid..Thanks

  • @balalahmad2652
    @balalahmad2652 Місяць тому +1

    Sir ager plot purchase kiya he out advance tax and stamp duty etc diya he to us ko kese show kerain gain?

  • @lali897
    @lali897 Місяць тому

    Can we adjust children's university fees in our income tax return?

  • @theskynews2446
    @theskynews2446 Місяць тому +1

    Pls share these excel sheet format

  • @raheelwaheed8366
    @raheelwaheed8366 Місяць тому +1

  • @naturelover9560
    @naturelover9560 Місяць тому +1

    appreciated and informative please guide us on kp excise property tax they charge us 15 percent on gross rent and don't give us deduction like income tax is that fair

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому +1

      dedution available

    • @naturelover9560
      @naturelover9560 Місяць тому

      @@faheempracticallearning i studded their bylaws online they have no provision if any please inform in video for the benefits of others also

  • @spreadingpeace7800
    @spreadingpeace7800 Місяць тому +1

    Sir business ki return ki video bnaye.

  • @MuhammadBilal-km1ki
    @MuhammadBilal-km1ki Місяць тому +1

    Business income tax return first time return and assets declaration in 2024 pe video bna dein ?

  • @Samyyy631
    @Samyyy631 Місяць тому +1

    Sir property value agr tab m na likhi jae tb b chalan form submit ho jye ga?

  • @AbdulRehman-yj8do
    @AbdulRehman-yj8do Місяць тому

    Aoa, If a house / property value is reduced, under what head reduction in property value is shown in FBR tax return?
    (Property is still owned by the person).

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      W.salam any increase or decrease in value, will report in the form of gain or loss at the time of sale, every year not update

  • @seekenwithkashifali8471
    @seekenwithkashifali8471 14 днів тому

    I am a filler.
    I had purchased a plot of 5 marla in 8 lakh kia mujhy ab koi salana tex pay krna hoga

  • @JawadKhan-fw7tm
    @JawadKhan-fw7tm Місяць тому

    As.salamolikm Sir, 1/5 repair wala deduction agr mai minus na karun rent sy and baqi deduct kr k reconciliation mey ly jaun as a inflow then ? q k actual mey zaruri to nhi utna hi mera expense repair py laga ho so agr nhi laga to mai q apna wealth kam karun us expense ki waja sy jo actual mey huwa hi nhi ... kindly apni qeemti rai share ki jiye ga

  • @syedalimoosa
    @syedalimoosa Місяць тому +1

    ایک سال کے دوران اگر پراپرٹی خرید کر بیچ بھی دیں۔ٹیکس ریٹرن میں اسکا اندراج کیسے کریں

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому +1

      For this we just need to report gain and loss if any

    • @syedalimoosa
      @syedalimoosa Місяць тому

      @@faheempracticallearning That means we should not show this type of property in our assets

  • @BashirAhmad-kq6kj
    @BashirAhmad-kq6kj Місяць тому +1

    ,1/5 of rent all so in my bank you have not describe this 11:34
    amount how to make my wealth part of this well black.

  • @ziacompany8023
    @ziacompany8023 Місяць тому +1

    If a person receives rent 600000 annual
    After 20% deduction 120000 = 480000
    In wealth reconciliation statement what amount enter 600000 or 480000

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@ziacompany8023 better to report 480K

    • @haroonansari1235
      @haroonansari1235 Місяць тому +1

      Some amount will be written in wealth reconciliation statement in inflow section head(ie amount exempt from tax) from property income

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@haroonansari1235 yes we can also mentioned, if actually repairs and maintenance is less

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@haroonansari1235 agreed

    • @ShahidIqbal-ry4lq
      @ShahidIqbal-ry4lq Місяць тому

      Is property income tax is separate slab or have to add property & salary income together to calculate income tax if some one have salary from income also .

  • @manzurahmad9145
    @manzurahmad9145 Місяць тому +1

    Aoa Sir kindly guide me how can I submit IT return I am a doctor and work in private hospital with No fixed salary . They pay us on daily basis in some months I work for 15 days some times 21 days in a month. How I have to proceed. Pl guide

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      Same process, club all your income in one sheet and report same, as explained in lecture

  • @miansaeed2001
    @miansaeed2001 Місяць тому +1

    کرایہ کے علاوہ جو سیکورٹی کی رقم لی ھو وہ کسی جگہ لکھیں؟؟

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@miansaeed2001 in wealth, as advance

    • @miansaeed2001
      @miansaeed2001 Місяць тому +1

      ​​@@faheempracticallearningno sir property ma hi 1/10 of amount not adjustable against rent ma entry ho gi

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@miansaeed2001 yes as per law need to pay

  • @wasimgul3414
    @wasimgul3414 Місяць тому +1

    Sir how to file tax return for a laboure ?

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      ?

    • @wasimgul3414
      @wasimgul3414 Місяць тому

      @@faheempracticallearning sir mazdoor apni return kesy file kry ga... Wo log jo dehari wegra laga kr kamaty hn

  • @nazaratbranch2851
    @nazaratbranch2851 Місяць тому +1

    how to gift property or gift amount

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      Amount must be via banking channel and for property there must be gift deeds, dully signed by both parties

    • @nazaratbranch2851
      @nazaratbranch2851 Місяць тому +1

      @@faheempracticallearning and if family mamber buy property for you name then and you pay the tax

    • @faheempracticallearning
      @faheempracticallearning  Місяць тому

      @@nazaratbranch2851 yes

    • @nazaratbranch2851
      @nazaratbranch2851 Місяць тому

      @@faheempracticallearning sir na tu payment mery bank account aai. parents ny properly mery nam buy ki, maery nam he fee pay ki, ab wo property and peroperty ki amount kkisy addd krni

  • @SheryMalik936
    @SheryMalik936 Місяць тому

    4% se zaida rent collection charges ni ho skty?

  • @muhammadwaqas9787
    @muhammadwaqas9787 Місяць тому +1

    Property TaX deduction kahan show karein

  • @shajaisaleem5909
    @shajaisaleem5909 Місяць тому +1

    Please share excellent sheet

  • @Habeel13
    @Habeel13 Місяць тому

    AOA, thank you for the detailed video. i would like to know whether you can be hired to file tax returns for individuals?