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Income Tax Studio
Пакистан
Добавлен 19 янв 2021
We provide training and consulting in handling income tax affairs.
FBR Notice on Monitoring of Withholding Taxes I Module 3 - Class 12
In this video, we'll explore the critical aspects of withholding tax proceedings conducted u/s 161 of the Income Tax Ordinance. We'll break down:
- Concept overview of withholding taxes.
- Due date of payment of withholding taxes.
- Comissioner powers to recover withholding taxes.
- Relief u/s 161(1B) where the withholdee has already paid taxes.
- Monitoring proceedings overview using flow charts
- Step-by-step overview of FBR proceedings with the help of real notices.
- Q&A
Join us as we navigate these important legal provisions to ensure you're fully informed and compliant with your tax obligations. Don't miss out on this essential guide for taxpayers!
for the course outline visit incometaxstudi...
- Concept overview of withholding taxes.
- Due date of payment of withholding taxes.
- Comissioner powers to recover withholding taxes.
- Relief u/s 161(1B) where the withholdee has already paid taxes.
- Monitoring proceedings overview using flow charts
- Step-by-step overview of FBR proceedings with the help of real notices.
- Q&A
Join us as we navigate these important legal provisions to ensure you're fully informed and compliant with your tax obligations. Don't miss out on this essential guide for taxpayers!
for the course outline visit incometaxstudi...
Просмотров: 537
Видео
Mastering Import and Export Operations
Просмотров 125Месяц назад
Unlock the full potential of international trade with our comprehensive course, Mastering Import and Export Operations! From the foundational steps of registration to advanced cost optimization and freight forwarding, this course is designed to guide you through every critical aspect of import-export operations. Learn practical strategies for efficient shipping, secure transactions, customs com...
Tax on Behbood Saving Certificates l Spreadsheet and IRIS Portal Demo
Просмотров 366Месяц назад
This video breaks down the tax treatment of profits earned from Behbood Saving Certificates (BSC), focusing specifically on salaried individuals. We’ll cover: 1. Tax implications and profit reporting from BSCs. 3. Practical demonstration of tax calculations in a spreadsheet. 4. Step-by-step guide to reporting BSC profit in the IRIS e-filing system. Whether you're a tax filer or a salaried indiv...
Section 73. Certain transactions not admissible
Просмотров 3642 месяца назад
www.incometaxstudio.com incometaxstudio.com/sales-tax-module-1/ In this video, we will learn Section 73 of the Sales Tax Act, 1990, covering essential points. Here's what you need to know: Invoice Payments: If a single invoice exceeds Rs. 50,000, payments must be made through the buyer's declared business bank account using a banking channel. Adjustments Between Registered Businesses: Registere...
Sales Tax Registration Criteria in Pakistan: Who Needs to Register?
Просмотров 5123 месяца назад
In this session, we will explore who qualifies as a "registered person" and who is liable to register for sales tax with the Federal Board of Revenue (FBR). We will discuss the three essential conditions that determine the requirement for sales tax registration: 1- The individual or entity must be engaged in making taxable supplies. 2- The person must be conducting a business. 3- The individual...
Foreign Remittance encashed from Open Market
Просмотров 9013 месяца назад
Summary of Case Law Regarding Foreign Remittance Background 1. Muhammad Salman Farooq, deriving income from business and salary, was audited, revealing an unexplained wealth increase of Rs. 141.4 million. 2. The DCIR assessed his income based on this increase, which was partially upheld by CIR(A) at Rs. 105.9 million, rejecting the taxpayer's explanation regarding foreign remittances. 3. The ta...
Return Filing Process and Deemed Assessment l Module 3 - Class 01
Просмотров 5583 месяца назад
In this video, we'll explore the critical aspects of filing and non-filing income tax returns under the Income Tax Ordinance. We'll break down: Filing of Return of Income: - Voluntarily filing of return of income (Section 114(1)). - Issuance of a deemed assessment order (Section 120(1)). - Revision of return of income (Section 114(6)). - Issuance of deemed amended assessment order (Section 122(...
Handling FBR Notices - Module 3
Просмотров 3213 месяца назад
Gain practical guidance on handling FBR notices, drafting effective replies, and confidently attending tax proceedings. incometaxstudio.com/module-3/ for enrollments 0345 8547682
Understand the Definition of Relative with ChatGPT
Просмотров 1744 месяца назад
Welcome to Income Tax Studio! In this video, we explore the definition of a 'relative' in the context of tax regulations and legal frameworks. Using the capabilities of ChatGPT, we provide a comprehensive explanation to help you understand the nuances and implications of this term. Whether you are a tax professional, a legal expert, or someone looking to broaden your knowledge, this video will ...
Understanding Section 4AB with ChatGPT
Просмотров 2084 месяца назад
Welcome to Income Tax Studio! In this video, we delve into the details of the new Section 4AB. Using insights and information from ChatGPT, I will walk you through the key aspects and implications of this new section. Whether you are an accounting professional, a tax consultant, or simply interested in staying updated with tax regulations, this video will provide you with the necessary understa...
Drafting Replies to FBR Notices Using ChatGPT - 1st Session
Просмотров 7334 месяца назад
In this video, I will demonstrate how to efficiently draft a reply to a Federal Board of Revenue (FBR) notice using ChatGPT. By leveraging the right prompts, you can streamline the process of responding to tax notices, ensuring accuracy and compliance. Key Focus Areas: Clarity 📌: How to ensure your reply is clear and easily understood. Background 📝: How to provide relevant context and backgroun...
Mastering ChatGPT: for Accountants and Tax Professionals - Part I
Просмотров 6104 месяца назад
In this comprehensive lecture, we delve into the essentials of effectively using ChatGPT to enhance your interactions and achieve better results. Here's what you'll learn: 1. Why It Is Important That ChatGPT Knows You: Understand the significance of personalized interactions and how it can improve your experience. 2. How to Deal with Customized Instructions: Tips and strategies to tailor ChatGP...
Section 181E Record of Beneficial Owners
Просмотров 2975 месяцев назад
Every company and Association of Persons must electronically submit details of their beneficial owners in the prescribed form and manner. According to Section 182, Serial 30, any company or Association of Persons that violates Section 181E will be subject to a penalty of Rs. 1,000,000 for each default.
Section 22 - Depreciation - Part - 4
Просмотров 955 месяцев назад
www.incometaxstudio.com Complete Income Tax Training Program 0345 8547682 In this last part of the Depreciation series, we will conclude section 22.
Section 22 - Depreciation - Part - III
Просмотров 855 месяцев назад
www.incometaxstudio.com Complete Income Tax Training Program 0345 8547682 In this third part of the Depreciation series, we will learn how to work out tax gain and loss on the disposal of depreciable asset.
Section 22 - Depreciation - Part - II
Просмотров 665 месяцев назад
Section 22 - Depreciation - Part - II
Section 22 - Depreciation - Part - I
Просмотров 1365 месяцев назад
Section 22 - Depreciation - Part - I
Section 21 Deductions not allowed Part - II
Просмотров 1826 месяцев назад
Section 21 Deductions not allowed Part - II
Revenue Receipts Vs Capital Receipts - Part II
Просмотров 1766 месяцев назад
Revenue Receipts Vs Capital Receipts - Part II
Introduction to Income Tax Law - Part II
Просмотров 2386 месяцев назад
Introduction to Income Tax Law - Part II
Revenue Receipts Vs Capital Receipts - Part I
Просмотров 2676 месяцев назад
Revenue Receipts Vs Capital Receipts - Part I
Section 21 Deductions not allowed Part - I
Просмотров 2016 месяцев назад
Section 21 Deductions not allowed Part - I
Introduction to Income Tax Law - Part I
Просмотров 3987 месяцев назад
Introduction to Income Tax Law - Part I
Section 61 Tax Credit on Charitable Donations
Просмотров 4687 месяцев назад
Section 61 Tax Credit on Charitable Donations
Section 39 Income from Other Sources Part - I
Просмотров 3918 месяцев назад
Section 39 Income from Other Sources Part - I
Section 68. Fair market value - FBR Values for Immovable Properties
Просмотров 6098 месяцев назад
Section 68. Fair market value - FBR Values for Immovable Properties
Salary Income - Employee Tax Computation
Просмотров 3188 месяцев назад
Salary Income - Employee Tax Computation
Business Structures - Registration and Taxation
Просмотров 5379 месяцев назад
Business Structures - Registration and Taxation
Great sir, plz refer the section and schedule as well
Very nice information
GREAT VIDEO SIR THANK YOU VERY MUCH
@@insighttax www.incometaxstudio.com
Water tanker pr kia rates apply hon gay? Please also ref. Tax section
Very well-prepared and user-friendly video on the topic of Behbood Saving Certificates. I also watched another video few months ago on the topic of Three Inflows, Foreign Remittance, Loan and Gift. That video was also quite useful as well. Your way of teaching is very professional and to-the-point. Keep up this good work.
Sir if a company donate, would it be allowed as deductable expense, thanks 🙏
@@falcopilot7519 compnay can get tax credit as provided u/s 61
Sir I am overseas Pakistani but I am non files, if I sent amount to my account in Pakistan, will any tax applicable to this amount?
@@ishfaqahmad5817 No.
nice video.. but after very long time.
Can a foreign remittance can be received from friend ? Who is not in blood group ?
@@arhamaftab1205 yes.
best lecture on income tax .....loved it
Thanks a ton
السلام وعلیکم Sir, your channel provides enough information to learn tax complications, I have a very important question regarding the annual income tax return. If the company deduct salary tax but doesn't deposit it and the company banned in this situation, the employee whose tax deducted who he can return file do he has to submit application befor the FBR authority or Commissioner about this situation or this is not required by law.
Employee can file return and claim tax which was deducted by the employer. But sec 61 or 62 provide power to fbr that the tax can be recovered from withholding agent and withholding both. So in whose situation Employee will be required to pay. But the chances are very least as in salaried cases fbr don't conduct audit and inquiries .
Thanks a lot sir for complete and detailed answers.
Zabardast Junaid sb
Junaid Bhai great 👍
Agar Donation ki payment Cross Cheque k bajae Online Transfer (Bank to Bank ha) or Registraed idarae ko ha, to b Section 61 ka credit milae ga? Or is ko FBR k Portal m ks code pr report kahan kren gae?
I have two questions 1. If for any reason bank don't deduct 1% tax then I can adjust any other tax like 236k during furnishing the tax return? 2. The person who sell the goods outside the country on amazon. Can he use section 154A to file tax return?
Is it applicable to SMC?
سلام Sir I am filer I received Rs. 3 lac through cross check from my non filer sister.Is it taxable? though it is less than 6 lac.Remember I have no other income source except bank profit. If I give gift of 3 lac to non filer sister then what will be the result and treatment.
@@Artandcrafttheartist no impact
سلام میری نان فائلر بہن نے مجھے 3لاکھ روپے چیک کے زریعہ گفٹ کئے میں فائلر ہوں میری آمدن بینک انوسٹمنٹ کا پرافٹ ہے اور کوئ زریعہ آمدن نہیں کیا اس 3 لاکھ پر ٹیکس کٹے گا؟ اگر میں بہن کو 3لاکھ دوں تو اس کا کیا ہوگا؟ میں فائلر بہن نان فائلر.
@@shahzadqurashi3942 nahi lage ga
Thanks
In case you are 1st allottee of a house from Dha, then do you have to pay 236 c or 236 k. Kindly reply.
junaid bhai thanks a lot kya app koi online course krwate hain
@@Adnanbhatti788 yes. Please visit www.incometaxstudio.com
Best interpretation
Current ststus ???
@@QamarMickle payable u/s 4C
Under which section in IRIS, PF has to be declared?
@@fragileheart9640 other assets
Thank you so much for the clarification and explanation.
For more visit www.incometaxstudio.com
Nice Topic: Sir, you have mentioned that we have to show the employee portion in our annual wealth statement, and what about the employer portion and dividend in case it is invested let's say in the Meezan Mutual fund ??? Still, do we only have to mention the employee portion and not worry about the employer portion and the dividend ???? I would greatly appreciate your response.
Waiting for your response
Sir one question, Employer leased car for me from bank on his name after payment of all lease instalment he transfer the ownership of car to me ,Now how i will declare this car in my Tax return please guide me
kamal ha sir , you have a deep teaching and communication skills with a powerful grip on your topics..
For more visit www.incometaxstudio.com
AOA sir I have two questions. Q1. If any person submit cash in my register bank Account with out issuing any invoice to him what will be do, Q2. Will be create sales tax invoice against cash deposit in regester bank account if he does not provide any CNIC no.
sir Part 2 kahan se milyga?
is gold received in dowry a Gift? What conditions must be fulfilled to make it tax free?
Bro Rental Income Inflow main nahi lee
@@qaziqaisir2344 correct
Sir. I received 2 million as inheritance money after 3 years of death of my father. We sold some property which was not registered on my father name and he also had some investments with his friends. Now i have received that money as inheritance but don't have and documentary proof. How to treat that in tax return
@@khalidramzan1650 pls call will guide
Ap ka contact no plz
جناب آپ ڈائرکٹ قیمت نکال رہے ہیں پورے پلاٹ کی جبکہ fmv کے لئے پر اسکائر یارڈ ویلیو کو کورڈ ایریا سے ضرب دینا ہوتا ہے. ہر اضافی منزل کی قیمت گراؤنڈ کا %25 ہے اور اگر بلٹ اپ پراپرٹی 20 سال سے زیادہ پرانی ہے تو fmv اوپن پلٹ کے برابر ہوگی.
Best explanation ❤🎉
سلام جناب کراچی کے لئے جب ہم رہائشی مکان کی ویلیو نکالتے ہیں تو اس میں گراؤنڈ کے کورڈ ایریا کو دی گئ fbr کی فی اسکوائر یارڈ ویلیو سے ضرب دیتے ہیں.اور ہر اضافی منزل کے لئے گراؤنڈ ویلیو کا %25 اضافہ کرتے ہیں.آپ نے یہ بات نہیں بتائ دوسرے یہ کہ اگر. مکان بے ہوئے 20 سال سے شیادہ ہوگئے ہیں تو SRO کے ٹیبل میں لکھا ہے کہ fmv. اوپن پلاٹ کی قیمت کے برابر ہو گی تو کیا اسطرح کریں کیونکہ میرا مکان 50 سال پرانا ہے.
in clause 9A of part III of second schedule , sales of plot being a first allotte is exempt only for armed force this reduction is applicable on everyone. pls explain.
please post your question at incometaxstudio.com/community/
What about income tax deducted from Commercial importer at import stage as Minimum Tax?
@@theshamsi dis not get your question
@@incometaxstudio I mean that as a commercial importer we pay minimum tax at import. This tax is deducted as expenses or not?
@@theshamsi this is advance tax and adjust it with your final tax liability which is calculated in annual tax return. In books Tax chargeable Dr And advance tax Cr.
@@incometaxstudio We are commercial importer and on import stage we paid Rs.500,000 income tax while our taxable income is 1.2M still IRIS demand for more income tax payment. Due to Difference of minimum tax chargeable. How to handle it?
@@theshamsi pls contact 0345 8547682
thank you for the explanation. aik individual ko b PRA me register honi zarorat ha? aur withholding file krni chahye wo nill ki file kre? ya indivbidual pr applicable ni ye condition? jab k wo PSEB se register ha.
please post your question at incometaxstudio.com/community/
I have given loan to a friends before june 2023 through banking channel.. he sent me back after july 2023 now how i will show this money or in what head? @income tax studio
@@yahyahussaini this is wealth statement item show on June 30, 2023 in other assets as loan receivable from friend paid through banking channel, And in next year delete this line item as your cash of bank will be increased as he has paid loan
Assalam O Alaikum Sir can I add my PBA profit in Aunity Pension colum while filing my return
kitni pyari batain krty hain Junaid bhai ap.
@@AhmadKhayyam bus app doston ne acchi acchi batein sekha dein hein
For a contractor rendering IT services abroad from Pakistan, what is imputive tax and how does it apply for the contractor. Thanks in advance
@@syedasiftanveer visit my website www.incometaxstudio.com and post your question there will respond there.
Plz guide if inherited property sold in the same year of aquision than how subsection 3 of 79 apply
Looks like nobody knows about this. So far, I'm beating my head to find the answer to this question. If you know, please comment.
please post your question at incometaxstudio.com/community/
please post your question at incometaxstudio.com/community/
Sir ap quickbook training kerwaty hn???
@@EijazShah-f6o yes. For details contact 0345 8547682
When entering income tax value on IRIS on page "Final / Fixed / Minimum / Average / Relevant / Reduced Tax" we should enter assessed value + CD+ST+AST in the receipts / value column? if we not add the taxes the income tax deducted amount will not tally.
Handmade reciept having institutions name is acceptable or not?
@@TheTopperDoctor27 acceptable
@@incometaxstudioin video Ur saying k cross cheque is acceptable sirf?
@@TheTopperDoctor27 handmade means not printed what u understand from your text, donation must be paid through banking channel.
0345 8547682
Aoa sir. Business taxable income one million means after deducting all direct and indirect expenses ? And difference on 1000000 - 6000000 in tax year 23 would be taxable. Please verify. Thanks and Regards Raja Aurangzeb from Lahore. Your WhatsApp number or email please if possible
Aoa sir. Please explain section 147 ITO , 2001 in case of individual and Aop, company. Sir as individual taxable income limit is one million for paying advance tax u/s 147(4). Sir taxable income means. Total turnover minus cogs= GP Minus All indirect expenses. PBT or taxable income? Please verify above query? Thanks and Regards Raja Aurangzeb from Lahore. Your WhatsApp number or email please.
sir income meine khud apne account mein dollar mein daali hai to hum kese enter karein phir return mein ? Kya dollar ko rupees mein convert karke likhein ?
@@asadullahpanhwar7447 asad can you pls send your question in audio to my WhatsApp 0345 8547682
@@incometaxstudio done sir
@@asadullahpanhwar7447 let me check and revert
Very professional way of explaining thanks