Previous Year Refund Adjustment | How to Claim | Is there any online way | need to visit Tax Office|
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- Опубліковано 24 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
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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
Informative video.god bless u
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Hi. Thank you so much for your informative videos. I need one clarity on tax filing. In past two years i have shown my property value at buying price (market price) which is much higher then the FBR value at which i paid tax 236K. This was shown under assets and i didnt fill out 7E form. Now for this year i have seen your video on 7E and have filled 7E for with cost amount value of property at which 236k tax paid which is lower value to the amount shown in last two years tax. can you please guide me whether i can scale down the value of property value under assets head to exact amount shown in 7E??? and remaining i will show in other assets??? or i should carry amount mismatch. I dont want to show the actual buying price at 7E as this value was calcualted based on FBR value rates and also match with 236K tax amount. Please advise?
Aoa bhai. Installment pe li hui plot file ko kis head ma show krn. Is pe 236k ka tax bi pay kia hua ha ma ne
W.salam, report as an assets under property tab
@@faheempracticallearning Faheem bhai phr har year jb installment pay krn ga to property tab ma hr year amount increase kr skta?
Faheem bhai is pe 1 proper video bna dn ta k logon ki confusion khatam ho kyun ke kuch log kehte ha k debt ke head ma enter krn
Thanks a lot for good lecture Bahi jan
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Very informative 🎉
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Bro, IRIS pr FBR maloomat section me meri salary 16Lac show ho rhi hai but meri actual salary 18Lac hai
Masla ye hai k meri company ne mera tax kam kaata tha, ab jab me 18 Lac salary dal rha hu to 33 Hazaar payable tax aa rha hai.
Kia me apni salary 16Lac tak show kr skta hu ?? Us tarah mujhe tax 5k kareeb pay krna par rha hai.
Plz guide kre,
Plus me ne ye b suna hai k salary wale accounts ka audit b ni hota to kia ye kiya ka skta hai?
Ya koi aur tareeqa hai to guide kr de
@hrbuddy1029 yes many issues, IRIS have many issues, prepare actual data.
@@faheempracticallearning but is there any way i can reduce my tax payable, because my employer did not deduct tax and now i hv to pay around 35K 😏
@@hrbuddy1029 Adjust the advance tax on your sim and any advance tax on your utilities bills.
@@hrbuddy1029 yes Possible
It was employers responsibility to deduct tax at source.
Baer information sir
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@ Faheem Mehboob sahib ,Sir of how many last years of refundable Income tax can we adjust against demanded income tax or admitted Income tax. Which portion of Income tax law clearly defines it
Faheem Bhai Great
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Excellent vlogs. Can you pls do a program on capital gains calculations and capital gains tax on buying and selling of market treasury bills (federal govt. Securities) traded by individuals through Investment Portfolio Services (IPS) maintained with banks
Yes sure.
Sir with due Respective as a refrence koi source document or Section bhi btaya kry
Yes, mosley mentioned, if some issue you can discuss
Refund bhi employer sy deduct kerwa sakte hain? jesy advance tax karwa rahe hain.
No, only advance tax
@Faheem Mehboob sahib i have not applied for refund of year 2023 can i adjust my refundable income tax against demand of this year without FBR approval on my own manually in tax year 2024.
Put the amount in TAB, may be IRIS allow
@Faheem Mehboob if profit on debt is above 5 million then we pay adjustable tax on it . Can it be carried forward next year for refund adjustment against admitted income tax
Is any prior approval of FBR required for refund adjustment of previous years against demand of this year @ Faheem Mehboob sahib
Yes approval required
This means if I have refundable Income tax in previous year I cannot adjust in this year because I have no approval. Is it correct?
Sir ager import from previous year click kerian tu previous refund a jata ha is it ok to use that refund.
sir ap ki es theory k pichy koi reference ya koi circular hai ya koi explanation hai FBR ki trf se?
Even fbr also not cleared, but system follow this practice, you can try
If really refund available
is refund adjustment available on Iris through170 application or personally approach to office is essential ?? how can manage manage personal appearance of patient or ladies ??
Mobile charge (236) ki wohja sa refund bana tha . Toh kia ya
refund carry forward ho sakta ha 2022, 2023 (total amount rs 2298). Kindly reply
Bahi sarif batay ka reshwt final prayhi sub hojatsy lakeen reshwt dow
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اسلام علیکم سر میرا 4000 روپے ایڈمیٹڈ ٹیکس بن رہا تھا میرے سابقہ تین سالوں کا 4700 روپے ری فنڈ آ رہا تھا جسے میں نے ریٹرن میں سابقہ سالوں کے ری فنڈ میں ایڈجسٹ کیا ہے اور سسٹم نے قبول کر لیا ہے 4000 اس نے ایڈجسٹ کر دیا ہے۔ سر کیا مجھے بھی ایف بی آر سے اجازت لینی ہو گی ایڈجسٹ کرنے کے لیے یا ایسے ہی ٹھیک ہے
At 5:52 ap NY kaha property sale pr 236K pay Kia but I think property sale pr 236C h?
Yes 236C on sale and 236K on purchase
Sir
Kitny Saal Purana Refund Tax Income Tax Return 2024 mein Adjust kar sakty Hain?
@@tahirniazi8955 no time limit
I gave paid the payment generated through PSID,how can I claim it in Tax return classic wizard view,asaan tax.
Select in payment tab
Mere 8 years purane withholding tax hain kya keron adjust hojainge?
@@farooquibhai5696 in same tax year, only
Sir, IRIS main Adv tax 147 kasy adjust ho ga?
Select in payment tab
کیٹل فارم کی انکم کیسے اور کہاں اینٹری کرنی ہے
Agricultural Income. Upto 4 lac exempted. Above it pay to provincial govt and mention it in provided column.
There is no any process to file manual application dear please correct info.
Yes, file online refund application, after that visit local tax office, take strong follow up, after some time they will issue, if really refund available
@@faheempracticallearning no need to visit office just file application, attach required documents. After prescribe time if refund order not issued file application before FTO.
@Muslimmemon in small case, it is ok, but if department have concern on data, without visit not possible, same explained in lecture
@@Muslimmemon اسلام وعلیکم بھائی سر صرف اتنا بتا دیں ریفنڈز ایبل ٹیکس جو comptaition کے ٹیب لکھا نظر آتا ہے کیا اس کو کہیں الگ سے بھی لکھنا ہوتا ہے ۔اس کے علاوہ کیا ہم ریفنڈ والی رقم اگلے سال کے ٹیکس ریٹرن میں payable tax میں استعمال کر سکتے ہیں۔اگر ہم اس سال ریفنڈ والی رقم کو fbr کے office سے claim نہ کرنا چاہیں؟
میرا اس سال کا ریفنڈ 21400 ہے
@@HamadSanaWailacum Assalam Wrehmatullah Wburkatuhu Jasa k Sir na bataya k aglay sal Rs 10000 tak system adjust karta ha tu aap agla sal payable ma adjust karen.
What if person became filer in june 2024,submitted return of 2023,& now he is filing return of 2024,can he claim refund of withholding tax on bank profit of the year 2024 (bank deducted 30%wht)
@@jnokia2303 if on the date of transection your name was in non filer list thn not refundable
Bht ghatiya system banaya hai FBR ne.
Sarkaar ka paisa agr awam k paas ho, to woh direct awam ka account seize karke apne paise Le sakta hai.
Lekin awam ka paisa agr inke paas ho, to uske lye awam ko khud khajal-khwaari karke inke office jana parega, aur dubara apne docs clear karwaane parenge (and yeh system is lye banaya gaya hai, k jab awam apne paise lene FBR office jayen, to wahan officer unhen unhi ka paisa wapas dene k lye pehle apna hissa maange ga. K mjhe hissa doge, to hi main approve karunga).
Kitna ghatiya system hai. Fazool.
One of my client have refundable tax amounting to rupees 7,90,000 and tax payable for the tax year is 8 lakh something i want to get the refundable tax adjusted this year what should i do ?
There are only 10 days left for filing return.
@@khawajahuzaifakhalid2742 not possible, try for next year
@@khawajahuzaifakhalid2742 minimum 90 days required
Do you have any representative or consultant in Lahore?
0300-7574731 contact at this number for further details
Sir filer status auto update in excel sheet koi formal hi bta deyn
Available on FBR site
@@faheempracticallearning sir wo to fbr ki file hai jis m all Pakistan ka data Hoga wahan tlash Karna mushkil hai m Chahta hon Jo sheet m ne B'nai hai us main koi formula lag jay Kun k zyada CNIC check Karna mushkil Kam hai
@@kidstoystory4120 online verification link also available on FBR website, pls check, put your CNIC and find
@@faheempracticallearning wo to thek hai Fbr ki site par to one by one check Hoga!
Ajeeb mazak banaya howa hy fbr ny.they have all the tax record then y they want proof again .ishiliye log filer nahin bantay ...acha kertay hain ...i have applied for refund but no response from fbr
@@smilekitchenofficial agreed
Iris and FBR and creating problems for taxpayers.
Yes agreed
@@faheempracticallearning that's why peoples are fear to be filer
@@TechEnterNetwork7585 😔