Declare Bank Profit in Tax Return 2024 | Profit on Debt in Tax Return

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  • Опубликовано: 10 янв 2025

Комментарии • 111

  • @JDMian
    @JDMian 5 месяцев назад

    The method of explaining a topic is next level. Thanks ❤

  • @mehranahmad5294
    @mehranahmad5294 3 месяца назад

    Assalam-o-alaikum, It is really a very informative video. Sir, kindly make a video on dividend, running pension fund and mutual funds declaration in return.

  • @aamersaeed1529
    @aamersaeed1529 4 месяца назад +6

    Mera question ye hai k bank sy jo tax certificate mila ha uss par profit on deb under section 151(1)b likha ha.....Aur jo profit bank sy mila hai uss mein withholding tax already cut ho k milta ha.....To iss entry ko aap Adjustable Tax mein jo "Profit on Debt u/s 151" wala column hai wahan enter q nhi kr rahay aur other sources --> other receipts mein q enter kr rahay hain.???Rehnumayi karen??

    • @imvisionhoti7198
      @imvisionhoti7198 3 месяца назад

      Bhai is sawal k jawab k peechy mai pechly 1 saal se laga hua hon aj tk kisi video mai clear na ho saka. Ajeeb baat ye hay k Tax deduction u/s 151 @15% hota hay, not under 7B to ye adjustable kyun aor kaisy nahi hay.

    • @imvisionhoti7198
      @imvisionhoti7198 3 месяца назад

      Mai to pechly 2 years se isi under Section 151 @ 15% mai he enter krta arha hon. Dont know k thek kr rha hon ya ghalat.
      Apko koi update mila ho to kindly let me know plz

    • @tariqhassan387
      @tariqhassan387 3 месяца назад

      @@aamersaeed1529 jab Profit 50 Lac cross karey ga to 50% currunt year se deduct ho ga .... simple 50 Lac se opper Gay To 50% profit per Tax ho ga .... I just paid because I went above 50 Lac ..... 😇 ... 35% Last year Tha

    • @Entertainment-il5lb
      @Entertainment-il5lb 3 месяца назад

      Muje b ye cheez smj nai FBR maloomat mai u/s 151 Likha a rha hai to 7b mai Ku Kia
      Koi answer hai iska.?

    • @SadiqKhanmmmm
      @SadiqKhanmmmm 2 месяца назад

      ​@@tariqhassan387Bahi kitne invesment par 50 lack profit mila or kitne sal mai 50 lack profit mila plz reply

  • @saeedahmed2008
    @saeedahmed2008 2 месяца назад

    Question: Should we show the tax deducted by the bank (withholding) under the personal expenses/taxes head?

  • @Garewal007
    @Garewal007 5 месяцев назад

    Sir aap ki videos bohat informative of karamad haen, kindly q tailor ki misal day kar oos ki bhi file return ki videos bana daen ,bohat saray ghareeb logon ka faida honjaey ga, salary person ki videos tow lafi mil jati haen,Allah jaza day ga

  • @Srsaifullahofficial
    @Srsaifullahofficial 4 месяца назад +2

    اللَّهُمَّ صَلِّ عَلَى مُحَمَّدٍ وَعَلَى آلِ مُحَمَّدٍ كَمَا صَلَّيْتَ عَلَى إِبْرَاهِيمَ وَعَلَى آلِ إِبْرَاهِيمَ إِنَّكَ حَمِيدٌ مَجِيدٌ. اللَّهُمَّ بَارِكْ عَلَى مُحَمَّدٍ وَعَلَى آلِ مُحَمَّدٍ كَمَا بَارَكْتَ عَلَى إِبْرَاهِيمَ وَعَلَى آلِ إِبْرَاهِيمَ إِنَّكَ حَمِيدٌ مَجِيدٌ.

  • @MuhammadUsman-dk4kt
    @MuhammadUsman-dk4kt 4 месяца назад

    please make video on ....If a person have invented in stock market then how can he declare dividends and their capital gains etc in tax return

  • @umphotography2
    @umphotography2 3 месяца назад

    Bht achy sy explain kea apny. 😊

  • @MrSalmankhan007
    @MrSalmankhan007 4 месяца назад +1

    Why to add profit of debt less than 5 million in other sources in amount and exempt?

  • @mjazz9017
    @mjazz9017 4 месяца назад

    AOA very informative video…plz behbood certificate aur regular income certificates k profit aur pension income ki bhi videos banayye…jazakAllah

  • @KnowledgeNuggets03
    @KnowledgeNuggets03 3 месяца назад

    Salaried person ka account agr saving account ho or profit b lgta ho to profit or us ka tax other source or 7B ma show krny k bad expenses ma 7052 k against b likhna hy.. 7052 ma Salary tax b likha hota hy

  • @saeedahmed9260
    @saeedahmed9260 3 месяца назад

    Good & focused video.

  • @saqibalikhan2210
    @saqibalikhan2210 5 месяцев назад

    Kindly mutual funds investment ko kis trah add krna hai tax return main us pe bi video bnain..

  • @HassanAli-pc4ig
    @HassanAli-pc4ig 3 месяца назад

    When I entered the data as per video & printed the pdf, it is showing only the Tax Chargeable amount in the 1st page heading & not mentioning the tax deducted

  • @tariqhassan387
    @tariqhassan387 3 месяца назад

    Very well EXPLAINED

    • @Legalversity
      @Legalversity  3 месяца назад

      Glad it was helpful!

    • @tariqhassan387
      @tariqhassan387 3 месяца назад

      @@Legalversity Jun Loggo Nay Gold Value 0 declare ki hai because every day new rule appears wo kia karey kesay Gold value declare karey because that's not there fault .... kindly explain

  • @AamirKhan-xv2zx
    @AamirKhan-xv2zx 4 месяца назад

    Is this CGT is adjustable...??

  • @mustafaali328
    @mustafaali328 5 месяцев назад

    Is any exemption avaialble if profit on debt from bank exceeds pkr 5 million i.e. can we place any amount in income exempt from tax or subject to fixed and final tax column of iris in income from other sources

  • @MuhammadShahzad-mw8wi
    @MuhammadShahzad-mw8wi 4 месяца назад

    If someone close his bank account before 30 June then how will he mention the abundant bank account in current ITR?

  • @5110824
    @5110824 3 месяца назад

    Please guide how to add 151 profit. If we have two type of with holding 6 months 30% and 15% for six months. But in final computation iris only take the value @15%. Remaining amount shown in refundable

  • @smilekitchenofficial
    @smilekitchenofficial 5 месяцев назад

    Kaya profit on debt and income from mutual funds dono ko same tareekayvsay deal kuta jayga?

  • @ns4093
    @ns4093 4 месяца назад

    Profit under FTR hota hai kya return me show krna compulsory hai? Kya yeh skip hjy tu Notice aha skta hai?

  • @itsmusic5450
    @itsmusic5450 5 месяцев назад

    Agar just account add kia ho current balance add kia ho to?

  • @safiasuleman4591
    @safiasuleman4591 3 месяца назад

    I haven't shown my profit of savings account amount 6000 in returns, it is showing false status in fbr maalomat so what can i do now?

  • @dodlywken2303
    @dodlywken2303 3 месяца назад

    error: Manufacturing and Trading/Profit and Loss Accounts attachment required as income declared under Minimum Tax Regime

  • @zubair531
    @zubair531 Месяц назад

    Sir please make a video on mutual fund profit declaration.

  • @rizwanchandiwala
    @rizwanchandiwala 5 месяцев назад

    Informative video

  • @deadpoolgamming2708
    @deadpoolgamming2708 3 месяца назад

    What is total tax slab when salary is with 20% and profit is with 15 % when profit is less than 5 million.?

  • @tahaamin3368
    @tahaamin3368 3 месяца назад

    how to add pta tax iin fbr filing

  • @Dedevilofficial
    @Dedevilofficial 5 месяцев назад

    Thanks for create this video. ❤

  • @incognitowarrior4038
    @incognitowarrior4038 3 месяца назад

    JANAB, AAP TAX RETURN FILE KERNAY KAY KITNAY CHARGE KERTAY HO?

  • @MuhammadZubair-id7ku
    @MuhammadZubair-id7ku 3 месяца назад

    Sir widow pension aur behbood se exempt hai mgr private bank joint saving acct se profit pe non filer 35% tax kat raha hai Yahan k se exempt hoga.

    • @tariqhassan387
      @tariqhassan387 3 месяца назад

      @@MuhammadZubair-id7ku No Tax Exemption on any saving axxounts .... Behbood wallabyear end may pay kerna hota hai jo ke hum exempt samaj te hain .... If I am not wrong

  • @fahadsaleem4291
    @fahadsaleem4291 4 месяца назад

    Sir agr profit 3 lac ha to bhi tax return msin dalna hoga?

  • @ImaanTgaming
    @ImaanTgaming 2 месяца назад

    Agr hmara profit 5 million se km hay aur hm ne wealth statement b bhar di to wo asset jo previous year zero thay ab current assets mn kesay likhain gay aur agr salary termination benefits hoa to wahan add krain gay ????

    • @ImaanTgaming
      @ImaanTgaming 2 месяца назад

      Aur ye b question hai k investment main b bank ki option aati hay . Jahan se profit mila kia wo investment mn b add krna hoga sb ???

  • @waqasfareed1447
    @waqasfareed1447 5 месяцев назад

    Bhai documents kaise attach karte he like bank statement salery slip property and utility bill ke video bunae bhai

  • @altafamirali4946
    @altafamirali4946 5 месяцев назад

    Thank you, Dost, for your informative video. I have a query: my wife's salary is credited to my bank salary account. Please guide me on how to declare this in my return.

  • @imk7646
    @imk7646 4 месяца назад

    If no tax on profit has been deducted by bank becuse of immunity being GB resident how to show that profit in returns?

  • @AsimJalil
    @AsimJalil 4 месяца назад

    Sir, mera 1 friend ka Al-Meezan investment fund ka account hai us k profit p jo tax katta hai woh 15% se kam katta hai ab us ka admitted income tax me amount show ho rahi jab k woh keh raha k maine pay ni karna Q k bank ne mujh se katta hua hai, is ka kya solution hai? Bank ne kam Q katta hai?

  • @SpiritualTv9229
    @SpiritualTv9229 5 месяцев назад

    Bohat Khoob ❤️ top class video
    How to declare family support up to 4 million?

    • @Legalversity
      @Legalversity  5 месяцев назад

      @@SpiritualTv9229 it will be treated as under 5 million.

  • @mughalMohiuddin
    @mughalMohiuddin 5 месяцев назад

    You are good. Keep growing...
    What to do if one has PBA profit and normal saving accounts. Are these to be added separately? Thanks

    • @Legalversity
      @Legalversity  5 месяцев назад

      If the tax ratio is same them combine both.

    • @mughalMohiuddin
      @mughalMohiuddin 5 месяцев назад

      Pensioners Benefit Account and Behbood are tax free at source.​@@Legalversity

  • @khalidramzan1650
    @khalidramzan1650 5 месяцев назад

    Bhai.
    Property ownership letter and sale deed keay attach kerni hy

  • @amanalam7866
    @amanalam7866 4 месяца назад

    Premium prize bond k prifit ki entry kesy kry gy

  • @creativeuniverse7
    @creativeuniverse7 2 месяца назад

    Profit pr to to bank already 15% tax deduct kr leta ha, to Kya salary par b deduct hoga ku k annual income total 13 lac ban gayi ya phr salary 6 lac se kam honay ki wajah se salary par koi b tax nai lgay ga?

  • @hafizimranrafi
    @hafizimranrafi 4 месяца назад +2

    Sir! Bank Profit 5M se Kam hai or us per Tax ki deduction U/S 151 hui hai to ab return may uski entry U/S 7B Hogi ya 151?

  • @rizwanmehmoodpk
    @rizwanmehmoodpk 4 месяца назад

    Very nice and informative video. Thank you so much. I have one question. I declared my bank profits and dividends under the Final Tax head, but I didn't declare the amount under Other Sources. The tax is deducted, and the bank profit is reflected in the wealth statement as well, but I just didn't declare it under Other Sources. Should I revise my income tax return or not?

    • @Legalversity
      @Legalversity  4 месяца назад +1

      This is your income which should be declared. And it will come in other sources.

    • @rizwanmehmoodpk
      @rizwanmehmoodpk 4 месяца назад

      @@Legalversity Thank you so much. I appreciate your prompt reply.

  • @basitimran3368
    @basitimran3368 5 месяцев назад

    Excellent....👍

  • @rumi8280
    @rumi8280 4 месяца назад

    Hello sir meri monthly income saving account me jati ha or profit py ab 15% tax cut ho ga... Ek tax consultant ne muje kaha ha k tax cut ho rha ha to wo show kry gy to kya income py tax pay nhi krna pary ga. Kya aisa hota ha? (yearly 6lac+) please reply me

  • @nadeemahmed3295
    @nadeemahmed3295 5 месяцев назад

    Thanks for sharing knowledge, great man❤

    • @Legalversity
      @Legalversity  5 месяцев назад

      Thanks

    • @mrhuman4570
      @mrhuman4570 5 месяцев назад

      ​@@LegalversityDear u gave some wrong info....
      1st as per FBR website if your profit on debt exceeds 50 lac but not 2 crore 50k, then rate would be 17.5% instead of 15%. U can verify this online urself too.
      2ndly.... Individuals and Non-Companies (Tax Year 2024 and 2025):Previously, individuals and non-companies faced a withholding tax rate of 15%. Taxpayers who earn more than 50% income from Profit on debt shall be charged an increased rate of 25% in TY 2025

  • @nomanasgharchoudhary
    @nomanasgharchoudhary 3 месяца назад

    A.o.A sir, sir 1 person agr 6 months filer tha or 6 months non filer to us ny apni bank statement sy withholding tax calculate kr k likh diya to kya jo us ka zyda tax ab refundable hoga?

  • @azmatali6309
    @azmatali6309 4 месяца назад

    Assalam o alaikum sir
    Income / (Loss) from Other Sources (5000) aur Inflows (7049) ki amount same honi chahay agar farq ho to koi maslah to nai

  • @muhammadashrafkhan5743
    @muhammadashrafkhan5743 3 месяца назад

    meri wife k saving account mai profit aata hai woh non filer hai us ka profit Rs.68694/- aaya hai jis pr WHtax Rs 20638/- 30% k hisab sy deduct hua hai ab iss video k mutabiq mai ny return file kiya hai tu us k assets tu increase hua hai iss ko reconciliation zero kysy kryngy expence show krta hn tu double ho raha hai ab kya kiya jaye

  • @Differentrecipies
    @Differentrecipies 5 месяцев назад

    Assalam o alaikom. Dear sir . How r u. Sir I want to recover email of my parents in iris . The tax consultant which I approach is out of country and now he told me that I also forgot that mails of your parents. Now how to recover the email so I will made new login password because I want to file the tax return individuall. Sir I am waiting for your kind reply .Thanks

  • @GASINDH-s6e
    @GASINDH-s6e 4 месяца назад

    PLS savings account k profit ko kaisey return main add keren .?

    • @Legalversity
      @Legalversity  4 месяца назад

      Dear yahi to btaya he is video men. Kindly watch it again.

  • @ca7986
    @ca7986 5 месяцев назад

    Please make for Freelancer 2024 tax return.

  • @aakashsharma.
    @aakashsharma. 5 месяцев назад

    bhai Final / Fixed Tax me jo amonut likhi jaegi wo total amount hogi ya tax Deducted k bad wali amount hogi?

    • @Legalversity
      @Legalversity  4 месяца назад +1

      Dear brother first column men full amount next column men uska tax.

  • @mirzashahzaibbaig-z4c
    @mirzashahzaibbaig-z4c 4 месяца назад

    Sir mara dost ka bank profit 4200000 ha tax year 2024 ka bank ka tax Carteficate mil gaya ha fbr ki pass M I S information center ki payment dital par yahi ha magar fbr ki malomat information center par amount profit 5100000 tax year 2024 ha Jo ghalat ha jis ma tax year 2023 ki 30 June ka profit 300000 Mila kar bataya ja Raha ha Jo ghalat ha jis ko hum tax year 2023 Declaration me Bata ya howa ha ji ka bank se tax year 2023 Carteficate Mila ha ab hum tax year 2024 ka ritarn JAMA kar wa na ha jis ma bank profit 4200000 Batana ha to Kya fbr notice bhj ga hum give me salotion please

  • @zafarshamsi-786
    @zafarshamsi-786 4 месяца назад

    Regarding this agar aik c zyada account c profit a raha ho yani thori thori amount different banks me ho us ko club kerin gy ya seperate mention karienn gy?

    • @Legalversity
      @Legalversity  4 месяца назад

      Dear brother add them together and declare.

    • @zafarshamsi-786
      @zafarshamsi-786 4 месяца назад

      @@Legalversity Thank U bro

    • @zafarshamsi-786
      @zafarshamsi-786 4 месяца назад

      @@Legalversity ager koi salary k ilawaa jesy Indrive uber Careem k zariy income ly rahy to usko kesy enter kerin gay

  • @ubaidullah3965
    @ubaidullah3965 5 месяцев назад

    سر سٹیٹ لائف سے لائف انشورنس پالیسی کی میچورٹی کی رقم حاصل کرنے کے بعد اسکو کہاں مینشن کیا جائے گا ؟؟

  • @fiction8347
    @fiction8347 5 месяцев назад +1

    سییکز ٹیکس درست کرنے ہے نہی ھوہی میں نے ڈی لنک کیا ہے لیکن انوائس منیجمنٹ میں وہ شو نہی ھورہی ہے ۔جون کی انویسز ہیں

  • @tahirmahmood453
    @tahirmahmood453 5 месяцев назад +1

    You are from which city?

    • @mirza3302
      @mirza3302 5 месяцев назад

      Tahir sb apki videos bhi bht informative our clarity based hoti hai, concepts clear ap bhi kafi behtar krwaty hain.. our inki videos bhi achi hoti hain.

    • @simonai194
      @simonai194 5 месяцев назад

      Tahir sahab ye bank profit ki amount Other receipt main nhi jati jo k bhai sahab is video main daal rhe, apka kia khayal hai?

  • @chasefashionwaqas2669
    @chasefashionwaqas2669 5 месяцев назад

    Sir ap yeh bhi bta diya kren jo paise bank main rakhay hain jis per profit araha hai woh kahan show krna hai
    Apne to profir ki handling btae hai
    Investment amount kahan jaegi

    • @Legalversity
      @Legalversity  5 месяцев назад

      Usko wealth statement men bank account add kr k 30 June ka balance likhen uska.

    • @chasefashionwaqas2669
      @chasefashionwaqas2669 5 месяцев назад

      @@Legalversity sir.mai invest amount ka puch raha hun . Profit to ajaega wealth statement mai.
      Investment amount ager hum dalen to us per tax banay ga ya nahi ?

    • @chasefashionwaqas2669
      @chasefashionwaqas2669 5 месяцев назад

      Investment amount last year show nh kri ho jis ne phir to usko tax daina hoga us amount per ?

    • @basitimran3368
      @basitimran3368 5 месяцев назад

      ​@@chasefashionwaqas2669
      wealth statement -> personal assets -> 7006
      Show your investment here...

  • @thn594
    @thn594 5 месяцев назад

    good info vid. br suppose someone has OTHER RECEIPTS (income) Rs.200000/= to show in CODE.5028 but if he also has to show BANK PROFIT Rs.150000/= in same code then question arises in which column other receipts/income might be shown coz there is only one entry could be made in code.5028 (code.7006 and code.7002 has additional tab for additional entries). if SUM UP figures of both income (profit + other extra income.i.e 200000+150000=350000) is entered in code.5028 then system MAY TREAT THIS AMOUNT AS SUBJECT TO NORMAL TAX. your guidance is awaited.

    • @wajihzamannn
      @wajihzamannn 5 месяцев назад +1

      You do not have to add bank profit (less than 5 million) in Other Source-Receipts/Deductions' section.
      Just add bank profit and tax paid under Fixed/Final Tax section.

    • @thn594
      @thn594 5 месяцев назад

      @@wajihzamannn your answer is very satisfactory. thanks br

  • @mustafaali328
    @mustafaali328 5 месяцев назад

    Sir, if profit from bank accounts exceedes pkr5Million and we have income from BEHBOOD SAVINGS CERTIFICATE OF PKR 828,000 AS WELL THEN HOW TO TREAT / MAKE ENTRIES IN FBR IRIS PORTAL??

    • @zainmalik5600
      @zainmalik5600 5 месяцев назад

      Sir kindly kameti se hasil shuda Cash kese adjust kerna hy btaa dain.. or kya kameti ke raqam per bhe tax dena ho gaa??

    • @Legalversity
      @Legalversity  5 месяцев назад

      In other sources Behbood entry is given separately. Add it there.

    • @Legalversity
      @Legalversity  5 месяцев назад

      In wealth statement under cash in hand.

    • @mustafaali328
      @mustafaali328 5 месяцев назад

      @@Legalversity if we add the entry in iris in behbood savings then profit on debt exceeding PKR 5 Million + behbood amount resulting in much higher amount of tax than tax alone on behbood savings

  • @ChParvaizDhillon
    @ChParvaizDhillon 5 месяцев назад +1

    اسلام وعلیکم سر، سر سیونگ اکاؤنٹ سے جو پرافٹ لیا جاتا ہے اس پر بنک 15% ٹیکس کاٹ لیتا ہے ۔ سر میرا آپ سے سوال ہے کہ اگر ایک سوال میں 12 لاکھ پرافٹ لیا جائے تو کیا اس پر کوئی علحدہ انکم ٹیکس لگتا ہے؟

    • @sehrishbutt-p3z
      @sehrishbutt-p3z 3 месяца назад

      Same question..kindly if u know about this matter answer in comment

  • @SpiritualTv9229
    @SpiritualTv9229 4 месяца назад

    السلام علیکم فار ایگزامپل کسی کی تنخواہ 12 لاکھ روپے سالانہ ہے اور 12 لاکھ روپے ہی اس کا پرافٹ اتا ہے۔
    اب جو امدانی ہے جو کہ نارمل ٹیکس میں اتی ہے اگر وہ 12 لاکھ لکھتے ہے reconcile نہیں ہو پاتا لیکن اگر اس کو 24 لاکھ لکھ دیتے ہیں تو reconcile اماؤنٹ زیرو اجاتی ہے۔
    جتنے بھی لوگوں نے یوتوب پہ گائیڈ کیا ہے صرف پرافٹ ایڈ کرنے کا طریقہ بتا دیا ہے اب جب امدانی اس میں ایڈ ہوتی ہے تو reconcile نہیں ہو پاتا. ایگزیکٹ 12 لاکھ روپے کا ہی فرق اتا ہے

  • @muhammadnaveed-ik6ox
    @muhammadnaveed-ik6ox 5 месяцев назад

    سر اس سارے پروسس کو آسان آیپ سے کیسے کریں

    • @Legalversity
      @Legalversity  5 месяцев назад

      dear brother usky uper video mojood he isi channel par wo dekhen please.

  • @abdulhameedshaheenalvi
    @abdulhameedshaheenalvi 3 месяца назад

    مرکزی دربار عالیہ موھڑہ شریف مری میں تین روزہ مرکزی سالانہ عرس مبارک 11، 12، 13 اکتوبر 2024 زیر نگرانی سجادہ نشین اعلی' الحاج حضرت پیر اولیا بادشاہ فاروق دامت برکاتہہم منعقد ھو رھا ھے۔ عقیدتمندان، خواہشمندان شرکت کر سکتے ھیں۔

    • @AAMIRKHAN-m8g
      @AAMIRKHAN-m8g 3 месяца назад

      بند کرو یہ شرک کے اڈے ۔شرم نہیں آتی۔اپنی آخرت تو خراب کر رہے ہو دوسروں کی آخرت کیوں خراب کرتے ہو۔یہ کس مذھب کی تعلیمات دے رہے ہو۔یہ مرے ہوئے لوگ ،گلی سڑی ہڈیاں کیا کر سکتی ہیں۔

  • @sohaibahsan5168
    @sohaibahsan5168 3 месяца назад

    AoA
    Very good explanation, جزاک اللہ ۔
    Your WhatsApp number for consultation....?

  • @JDMian
    @JDMian 5 месяцев назад +3

    The method of explaining a topic is next level. Thanks ❤