Mera ek question abi tak clear nhi ho saka. Apki sari videos b dekhi hn mene, mere father k name par plot tha, wo unho ne sale kr dia, ar ek dosri jaga par plot le kr direct mere name par registry krwa d. Ab sawal ye ha plot ki entry gift walay tab me ho gai, but jo registry me tax jama hoa, wo b mere name se jama hoa, ab iss tax ki entry ham ne kis tab me krni, ya nhi krni? Iss poray matter ko kesay tax return file me explain kia jaey ga, plz guide if possible. Yani iska full treatment kia hoga, ar registry govt rate par hoi, jb k markete value zyada ha.
Excellent you explained. sir guide kar dain k maine apni car sale kardi jo last year tax retrun mai record thi, ab loss main sale ki hai tho kis trah se record karon ga?
house is in custody of successors for 8 years but they have not transfer it on their name , house is still in the name of deceased , if they transfer and sale in the same financial year will capital gain tax imply or not forms says in iris holding period 1,2,3,4 etc we are holding it for 7 years but not transferred it plz explain
If i am taking a property as a gift from a family member, but he has not declared this property in his returns previously, can he still give the gift if he has sufficient amount mentioned in other heads?
Aoa, very informative video... Sir agar sister brother ko ya brother sister ko constructed property gift karay ,tow Kya return mein mention Kiya jaay ga,ya zaroorat nahi Hy In case if both are filer or if one is non filer and other (receiver )is filer or vice versa. Guide me plz
Sir one question. My Wife paid amount for plot and this plot was directly transferred in my name. It is gifted to me by her. Amount was paid through banking channel to the seller by my wife. Do I need to make gift deed? If so can you share some format which can help to make gift deed for this transaction. JazakAllah
If a non resident person, who is not registered with FBR, sends a gift to his eligible relative in Pakistan, say foreign remittances, would it be taxable.
dowry articles and gold jewllery (i.e 40 tola) gifted by parents to daughter(bride) without entry on regitered document (gift deed or nikahnama), can the spouses(wife &husband) declare such gift in their wealth statements at zero value and if not at which value?
Sir, my mother and father both sold property worth 8 million. and they deposited the cash in my bank account. Mother doesn't have a bank account and father is a non resident. Both don't have NTN. Using the same cash, I bought a car of 8 million. Now in my Tax Return, I have shown 8 million as gift from parents and I have the sale deed (property money trail). Now despite of money trail, we failed to follow legal protocol. If assessed, what should we do ? I really need a reply.
Sir, i have few question: What is the difference between inherited Property (which you suggested as Zero Value) and purchase Gifted Property (which you suggested as Fair Market Value entry)? Is there any time duration Or we can't sell Inherited property? If there is no Tax on gain and profit of Gifted Property, than why we would add its Fair Market Value ? why not we simply add zero? If i enter Inherit property as Zero and than sell it in 1 lakh. Where should i add this 1 lakh gain, so its not taxed?
I have purchased a property in 2018 at value of 1 million and shown in my wealth statement. In 2020, I have registered this propery in my spouse name and given as gift. How I will show this in my statement and my spouse statement? Will i show zero value
in context of inherited property when the holding period starts in term of property, is it right away next day of deceased or when the sucessors make a sucession /loA certi and transfer on their name.
Sir, what is the logic for declaring inherited properties at zero value, however separate tab is given in the wealth statement as like gift, shouldn't we incorporate the inherited properties at FMV ?
Thanks sir good understanding regarding immovable property. please also explain about capital gain on movable property for example Gold. A lady has dower Gold of marriage held in 1990 that she show in her husband return at zero value. she sale dower Gold and Purchase a house then tell about taxation on capital gain. Regards
aoa, i have gift form my father and sister and as i understood its inflow with zero value in wealth statement but, i have paid approx. 10,000 pkr in shape of stamp duty. where i should place this vlaue of 10,000 PKR.. regards
if a person declares the gifted amount in other sources and shows it as exempt from income tax, in the 4-year-old declaration, then what will be the consequences if selected for audit ??
Zabardast sir.... Allah ap ko jaza day.....
Ameen! Thanks.
if house ownership is transferred from uncle, That will be treated as income?
AoA
Hum gift ko inflow mei likh dey gy, nd 2nd entry asset mei kdr kre ge
Mera ek question abi tak clear nhi ho saka. Apki sari videos b dekhi hn mene, mere father k name par plot tha, wo unho ne sale kr dia, ar ek dosri jaga par plot le kr direct mere name par registry krwa d.
Ab sawal ye ha plot ki entry gift walay tab me ho gai, but jo registry me tax jama hoa, wo b mere name se jama hoa, ab iss tax ki entry ham ne kis tab me krni, ya nhi krni? Iss poray matter ko kesay tax return file me explain kia jaey ga, plz guide if possible. Yani iska full treatment kia hoga, ar registry govt rate par hoi, jb k markete value zyada ha.
Excellent you explained. sir guide kar dain k maine apni car sale kardi jo last year tax retrun mai record thi, ab loss main sale ki hai tho kis trah se record karon ga?
agr koi property gift mili hy to oski FBR ki value likhi jaegi ya phir jo os ki actual price hy wo likhi jaegi ?
sir car sale ke he in a year us pe gain ka tax kese calculate hoga.
agr sir Showroom waly gift dy any Clint ko . us pr b tax lgata hai .
Is a gift deed necessary if gift is cash and is transferred through banking channels between father and son?
Gift jo de raha hai NTN ho aur agar filer na ho ?
if an inherited agriculture land is sold out. Would there be any capital gain tax on it.
Very informative and smoothly understandable.... Very grateful to you 😊
Means Alot..
What is treatment of marriage gifts eg cash ,gold etc in income tax returns?
If receiver is non filer, then how it will be shown?
Sir if property is gifted from first cousin then how to prepared gift deed for tax return
Mera bhai filer he or me b filer ho ,,ager wo mjhe 10 lakh ka cross check as a gift deta he to tb b stamp paper deed bnana zarori he ???
house is in custody of successors for 8 years but they have not transfer it on their name , house is still in the name of deceased , if they transfer and sale in the same financial year will capital gain tax imply or not forms says in iris holding period 1,2,3,4 etc we are holding it for 7 years but not transferred it plz explain
My brother paid all amount to seller through cheques to buy a house on my name . Should I mention it as property or cash ? Please guide.
If i am taking a property as a gift from a family member, but he has not declared this property in his returns previously, can he still give the gift if he has sufficient amount mentioned in other heads?
Mere والد sb pensioner hain filer nhi hain kia مجھے gift by cross cheque dy skty h ?
Yes
Aoa, very informative video...
Sir agar sister brother ko ya brother sister ko constructed property gift karay ,tow Kya return mein mention Kiya jaay ga,ya zaroorat nahi Hy
In case if both are filer or if one is non filer and other (receiver )is filer or vice versa.
Guide me plz
Yes Should be declare
Sir one question. My Wife paid amount for plot and this plot was directly transferred in my name. It is gifted to me by her. Amount was paid through banking channel to the seller by my wife. Do I need to make gift deed? If so can you share some format which can help to make gift deed for this transaction. JazakAllah
If a non resident person, who is not registered with FBR, sends a gift to his eligible relative in Pakistan, say foreign remittances, would it be taxable.
SIR G GAIN TAX APPLY HO GA INHERITENCE PROPRTY SALE KARNE PAR
dowry articles and gold jewllery (i.e 40 tola) gifted by parents to daughter(bride) without entry on regitered document (gift deed or nikahnama), can the spouses(wife &husband) declare such gift in their wealth statements at zero value and if not at which value?
Sir, my mother and father both sold property worth 8 million. and they deposited the cash in my bank account. Mother doesn't have a bank account and father is a non resident. Both don't have NTN. Using the same cash, I bought a car of 8 million. Now in my Tax Return, I have shown 8 million as gift from parents and I have the sale deed (property money trail). Now despite of money trail, we failed to follow legal protocol. If assessed, what should we do ? I really need a reply.
Good info. What information is required to be mentionwd in gift deed. Sample discussion
Sir, i have few question:
What is the difference between inherited Property (which you suggested as Zero Value) and purchase Gifted Property (which you suggested as Fair Market Value entry)? Is there any time duration Or we can't sell Inherited property?
If there is no Tax on gain and profit of Gifted Property, than why we would add its Fair Market Value ? why not we simply add zero?
If i enter Inherit property as Zero and than sell it in 1 lakh. Where should i add this 1 lakh gain, so its not taxed?
Dear sir how to file tax return of Non resident person if he has more 100000 dollar assets in Pakistan.
I have purchased a property in 2018 at value of 1 million and shown in my wealth statement. In 2020, I have registered this propery in my spouse name and given as gift. How I will show this in my statement and my spouse statement? Will i show zero value
Great Sir, can you please make video on gift deed, inherent kaise zero declare krte hain
in context of inherited property when the holding period starts in term of property, is it right away next day of deceased or when the sucessors make a sucession /loA certi and transfer on their name.
After succession..
Sir, what is the logic for declaring inherited properties at zero value, however separate tab is given in the wealth statement as like gift, shouldn't we incorporate the inherited properties at FMV ?
As there isnt any consideration involved in it..
Thanks sir good understanding regarding immovable property. please also explain about capital gain on movable property for example Gold. A lady has dower Gold of marriage held in 1990 that she show in her husband return at zero value. she sale dower Gold and Purchase a house then tell about taxation on capital gain.
Regards
Video is already in channel
Zaberdast, very good 👍
Thank you for the videos. Very clear and precise.
Kind Words
سر. انشورنس سے ملنے والی رقم کی کہاں انٹری ہو گی؟
aoa, i have gift form my father and sister and as i understood its inflow with zero value in wealth statement but, i have paid approx. 10,000 pkr in shape of stamp duty. where i should place this vlaue of 10,000 PKR.. regards
Expenses
Kindly upload video of commercial importer how to put in irs
Noted.
@@taxationistcorporateconsultant is there any limit of cash gift by cross cheque by brother to bother in a financial year, please reply me
link for whatsapp group
Sir kindly make such detailed video on minimum tax and its practical example through return...
اگر جس شخص کو گفٹ دیا ہے اور وہ فائلر نہیں تب بھی دینے والا اپنی ریئٹرن میں شو کرے گا
Janab 'a decendent of any grandparent mein' cha-cha mama taya cousins Sab aeangay....so gift from them is not taxable too.
europe vich 1 mazdoor bandy ne v audi bmw rakhi lkn saday pakistan vich ohi gari cror ki samj nhi andi musalman ehnay zalim kyon ho ge ne
Nice Video
if a person declares the gifted amount in other sources and shows it as exempt from income tax, in the 4-year-old declaration, then what will be the consequences if selected for audit ??
Thx
Nice sir
sir please how can i add in ur whats app group?
Whatsapp your name, city and profession at 03105197057
Like it☺
Thanks for your support.
bhai sab. kam ki bat to the point kia karo. ap ne pehley 2 minute fazool me waste kiy.
o pai pani vech medani pa deti a tu samj yehi ayi ha k tex lo ge ,,bond paar, bally musalmano