Latest Updates | 7E | In which condition No need of Certificate | 4 exemptions | FBR |

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  • Опубліковано 29 вер 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/92300757...
    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 • 91

  • @خبرنامہ-ي9ض
    @خبرنامہ-ي9ض Рік тому +1

    سر کیا ڈی ایج اے جو کھربوں کا کاروبار کرتا ہے وہ بھی اس ٹیکس سے مستثنی ہے قوم جاننا چاہتی ہے

  • @MAK3269
    @MAK3269 Рік тому +1

    Good video 👍
    Question regarding non-resident seller:
    Sir Form B ki information transferring authority ki haad tak rahe gi ya transferring authority ultimately concerned RTO se share keree gi?

  • @muhammadharoon-ur-rasheedb14
    @muhammadharoon-ur-rasheedb14 Рік тому +1

    Need non resident explanation as amended FA 2022. This is just to remind those who file Return of Non-residents, that the definition of Non-Resident was changed through Finance Act, 2022 (applicable on the Returns to be filed of Tax Year-2023).
    That previously, an individual was to be considered a Non-resident in Pakistan, only if his stay was for less than 183 days in Pakistan.
    However, now to be considered a Non-resident in Pakistan, the taxpayer has to stay in "any one" foreign country for more than 182 days or he has to provide proof of being tax resident of any other country.
    So, if a person stays 200 days outside Pakistan, however those 200 days were not spent in a single country, rather for example 100 days were spent in USA and remaining 100 days were spent in Canada, then he is not to be considered Non-resident in Pakistan, unless he produces a proof that he was tax resident of either USA or Canada.
    (Relevant Paragraph from Explanatory Circular is attached).

  • @SyedanwerShah-py4nj
    @SyedanwerShah-py4nj Рік тому +1

    Dear sir, ap apne vlog ko asan banane ki koshish karin ,ap ki batin aam admi ki samaj me nain ata,non resident and resident kon hota hae,ap clarified nain kar pa rahe,

  • @muhammadejaz2143
    @muhammadejaz2143 Рік тому +1

    Land record department are saying to pay tax 7E without any knowledge

  • @imranmustafa7121
    @imranmustafa7121 Рік тому +1

    Sir jinho na 7E form phly online submit kar diya tha, and wo log exempted b thay is tax sa, to kya ab return ka sath dubara ya bhajna ha ?

  • @sajjadhaider7373
    @sajjadhaider7373 5 місяців тому +1

    I inherited a property from my late father who was alloted a plot by the provincial govt as retirement benefit. Can I claim exemption from 7E?

  • @MuhammadFarooq-fd5ui
    @MuhammadFarooq-fd5ui 3 місяці тому +1

    i have a share in inherited prop and one house self built 10marla. will 7E apply

  • @alidaar2811
    @alidaar2811 Рік тому +1

    Please this..1% property tax under 7e is calculated on the total of all property or each property is calculated separately...

  • @abidsiddiqui2326
    @abidsiddiqui2326 2 місяці тому +1

    Overseas Pakistani Kee video upload kerday
    Thanks

  • @saleemabbas7176
    @saleemabbas7176 Рік тому

    I have sold property purchased in 1994 and ....in this tax period I purchased new property with the sale amount .....would 7e apply on me......

  • @saeedahmad5590
    @saeedahmad5590 Рік тому +2

    Feb mail plot lya tha ab sell kar raha hoon 7E lyna pary ga

  • @atiflawchamber1677
    @atiflawchamber1677 Рік тому +2

    یہ جلد اڑ جاے گا انشااللہ

  • @siddiqshujaat1519
    @siddiqshujaat1519 Рік тому

    Nothing new,all for favorite people. No benefit to a lay man.

  • @drrabiya1221
    @drrabiya1221 Рік тому

    If property is.purchased in oct2022 and sold in sept2023.7E applicable r not?
    Second question pensioners exempted r not..?

  • @tahirniazi8955
    @tahirniazi8955 Рік тому +1

    Sir
    7E tax ky liye Form A physical submit hoga ya Online? iss baat ki clarification kahein nazar nahi ai. Thanks kindly guide

  • @muhammadharoon-ur-rasheedb14
    @muhammadharoon-ur-rasheedb14 Рік тому +1

    Very informative, very quick update. Stay blessed dear your big fan. Muhammad Haroon ur Rashid Bhutta Advocate High Court

  • @akbercassum
    @akbercassum Рік тому

    Faheem sb
    Is property tax applicable under 7E on donee, if property is recently gifted by blood relation, despite the donee is active tax payer.

  • @naturelover9560
    @naturelover9560 Рік тому +1

    learn a lot from your channel , need advice i want to pay some amount to my son for business' he is not filer and i am filer and government servant which method i use to transfer money to his and how i show in my tax return i hope you will be answer my query

  • @akhlaqahmed2495
    @akhlaqahmed2495 Рік тому

    اگر سی ڈی اے کوئی زمین یا مکان اپنے ڈویلپمنٹ پروگرام کیلیئے لے لیتا ہے اور اس پر کوئی پیمنٹ کرتا ہے تو کیا اس پر ٹیکس ہو گا۔

  • @sultanawan8587
    @sultanawan8587 Рік тому +1

    Aik Ghar hay us Kay 3 Bhai waris hain agr aik Bhai agar khareeday ga us ko tax kis Tarah aur Kitna Dana ho gaa pl

  • @shaza822
    @shaza822 Рік тому +1

    Thanks for the update

  • @zafaradeel2107
    @zafaradeel2107 Рік тому

    🤔🤔🤔Main you "dar" hi gaya thaa.shukar hai k bahadur jawano ko bhi iss "behaya" tax se mehfooz rakha gaya hai.ab Kashmir ko azad hone se koi Modi ma da bacha nahi rok sake ga ! ! !

  • @hafizaqif8164
    @hafizaqif8164 Рік тому +1

    Please confirm if there is any issue with iris fbr website as its not working from the last 3 days

  • @tahiraejaz7630
    @tahiraejaz7630 Рік тому

    Please do the vlog about pensioners.
    H.ow can a pentioner sell
    his property
    2....if a pentioner wants to transfer property as a gift what rule he has to follow

  • @tahamehboob8382
    @tahamehboob8382 Рік тому +1

    Sir 90 SQ yard py bhi sale purchase py bhi tax dyna hoga.

  • @MrSameerbaig69
    @MrSameerbaig69 Рік тому +1

    Very informative but need to improve some content,

  • @iqtidadahmed1465
    @iqtidadahmed1465 Рік тому +1

    Who will decide fair market rate. In 7E

  • @abdulrazzaqkhanniazi366
    @abdulrazzaqkhanniazi366 Рік тому +1

    Govt employees and govt pensioner are also excluded from the ambit of this tax

  • @abuzarlatif273
    @abuzarlatif273 Рік тому

    kindly guide k apny kaha a k kch cases pr implement nai o gy jinka referemce dia gaya a kaya in cases pr apply nai o ga ya phr jitny b 7e cases a kisi pr b apply nai o ga for r kaya abhi b registry k lia 7e certificate lena o ga ?

  • @muhammadasim8434
    @muhammadasim8434 Рік тому +1

    Sir plz guide karain Kay agar Kisi ke ek say ziada properties Hain Jo Kay woh apnay business purpose Kay leye use karta hai kia woh bhe 7E main count honge ..kindly guide me

    • @faheempracticallearning
      @faheempracticallearning  Рік тому

      If businesses, income and capital proper declared in return, thn can be exempt, provided all evidence self explntry

    • @muhammadasim8434
      @muhammadasim8434 Рік тому +1

      @@faheempracticallearning all business permisses declare in ATL as well as 181 form is it exempt or not in 7E

    • @faheempracticallearning
      @faheempracticallearning  Рік тому

      @@muhammadasim8434 provided that, businesses income also should be added in wealth, thn ok

  • @NazirAhmad-uq3gi
    @NazirAhmad-uq3gi Рік тому

    Respected Sir
    Are DNFBP Certificate holders pay 7E at the time of sale Immoveable Property?

  • @Dr.FawziyaT
    @Dr.FawziyaT Рік тому +1

    If the property is a residential plot. And the FBR land value is less than 2.5 crores then what? Kya ye tax apply ho ga? Please respond

    • @ahmadafzal5109
      @ahmadafzal5109 Рік тому +2

      Agr ap ke pas 1 property ha to wo exempt ha.
      Agr ap ke pas 2 properties hain to un ma se koi aik property exempt ha of your own choice. 2nd property ki Agr fbr value 25 million se above ha to us value ka 1% tax dena ha.
      Agr 2 se zyada ha to 1 exempt kr ke bki tmam properties ki total value 25 million se above ha to 1% tax dena ha

    • @faheempracticallearning
      @faheempracticallearning  Рік тому +1

      Still you need to get certification, at the time of sale

    • @ahmadafzal5109
      @ahmadafzal5109 Рік тому +1

      @@faheempracticallearning yes. Bs dua ha ye certificate wala kaam jaldi automate kr dn. Fbr se ja kr lene ma bht zalil hna prh rha

    • @faheempracticallearning
      @faheempracticallearning  Рік тому

      @@ahmadafzal5109 😄

    • @Dr.FawziyaT
      @Dr.FawziyaT Рік тому

      @@faheempracticallearning thanks

  • @atiflawchamber1677
    @atiflawchamber1677 Рік тому +1

    اب لوگ دوبارہ عدالت جاے گے اور اسی کیس کا فایدہ اٹھا کر اسکو انجواے کرے گے انشااللّه

  • @abdulrazzaqkhanniazi366
    @abdulrazzaqkhanniazi366 Рік тому

    Similarly land developer's are also excluded from the preview of this tax

  • @Haseeb0770
    @Haseeb0770 Рік тому +1

    Sir, could you please confirm how we will calculate 236C advance tax at the time of sale? Means on which figure?

  • @funnyvideos12025
    @funnyvideos12025 Рік тому +1

    25 ملین تک کی پراپرٹی سیل کرنے پے ٹیکس نہیں ہے یہ بات کس نوٹیفکیشن میں لکھی ہے ؟

    • @faheempracticallearning
      @faheempracticallearning  Рік тому

      7E, deemed income section income tax ordinance

    • @funnyvideos12025
      @funnyvideos12025 Рік тому

      ​@@faheempracticallearningplz share screen short

    • @funnyvideos12025
      @funnyvideos12025 Рік тому

      ​@@faheempracticallearningyes available in section 7E(2)(g)..... Thanks bro

    • @fforfinanceshams
      @fforfinanceshams Рік тому

      Sir, DNFBP wala point jo hy is men individal property dealer As DNFBP registered hojay then can he avoid 7e

    • @funnyvideos12025
      @funnyvideos12025 Рік тому

      @@fforfinanceshams no

  • @NazirAhmad-uq3gi
    @NazirAhmad-uq3gi Рік тому +1

    Very Informative Video

  • @hafizaqif8164
    @hafizaqif8164 Рік тому +1

    Well explained, many thanks.

  • @Tofique
    @Tofique Рік тому +1

    Excellent Boss

  • @mohammadadilshaikh6566
    @mohammadadilshaikh6566 Рік тому +1

    Very informative waiting for separate video on non resident Pakistani exampted

  • @abuzarlatif273
    @abuzarlatif273 Рік тому +1

    to phr yh real estate waly q dance kr rhy a k 7E khtm o gaya

    • @faheempracticallearning
      @faheempracticallearning  Рік тому

      information not clear, even mainstream TV also not clear

    • @ahmadafzal5109
      @ahmadafzal5109 Рік тому +1

      Srf punjab ki had tk khatam hoa ha

    • @faheempracticallearning
      @faheempracticallearning  Рік тому

      @@ahmadafzal5109 not 100%

    • @ahmadafzal5109
      @ahmadafzal5109 Рік тому +1

      @@faheempracticallearning sir fbr abi khud confuse chal rha ha.
      Ma ne LHC ka pora order para ha. Unhn ne kaha ha agr fbr ne 7e tax lena ha to purchasing cost pe le not fbr market value. Us ke lye proper rule bnae tb tk 7e totally khatam ha.
      Sath Court ne kaha ha k jo exemptions ap ne dn ha army or government employees ko wo bi khatam krn.
      Ab fbr musibat ma prh gya ha. Agr exemptions khatam krta ha to bare bare chorn pr tax lg jae ga. Is lye court ke decision and fbr ke circular se lgta ha punjab ki had tk 100 percent khatam ha
      Bki confusion hr taraf chal ri 7e se related

    • @faheempracticallearning
      @faheempracticallearning  Рік тому

      @@ahmadafzal5109 yes agreed