Latest Updates | 7E Property Tax | Court Decision | Goods News | What to do now | FBR |
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- Опубликовано: 3 окт 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 this link for copy of court decision
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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
Jazak Allah for sharing good news related to 7E Property Tax. May Allah bless you. Aameen.
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Thank you for sharing the information...Keep up the good work
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Great video sir thank you for your information
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Jurisdiction of High Court extends to respective province only. Decision of Balochistan High Court will be applicable in Balochistan only. 7E tax has to be paid in Sindh and Punjab as it has been upheld by the respective High Courts of both the provinces
Yes
Will the taxpayers who paid 7E as part of property transfer transactions, get a refund because it was an illegal fee?
Kindly give me copy of order
Well explained
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And Sir make a full video How to file Annx F and Make a practical with accurate amount of sales tax Annx C and IT Return
@@champudrawing6753 already have, pls watch annex F lecture
Informative ❤
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According to Norwegian FBR, if owner lives for one year in the property, and sell it after one year no gain tax, I have bought and sold 5 properties. In Turkey in owner keep his property for five years, no gain tax, if he sell after one years he will get 20%n less gain tax. I sold one property in Turkey after five years. That is owner friendly gain tax laws.
Yes agreed
Please update on this matter, either it is finished or not. In my wealth statement, 7102 option is not being automatically fetched from capital asset. Now what will be the solution? Can I add the information in capital Asset as well as in wealth statement or what other option I have?
Thank u for updation
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Thank you so much sir,
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7E ka tax ek intehai zulm pe mabni ghunda gurdi he …is akele tax ki waja se property ka kaam Beth gaya he
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Any updated video on subject matter ??
Faheem Sir is ths 7E till applicable in Islamabad capital in 2024 now 🙏 thanks
Yes
Aoa Dear Sir Please Make a new video fo rhow to delete Bussiness of Registered with ST make a procedure / Process ....
@@champudrawing6753 W.salam yes sure
thanks sir
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Sir jin ki cost 25 lakh sy km hain but onhein phr bhi certificate chahya tu wo kaisy bnay gy?
Good news
@@khansaab3244 👍
Ajkal 7E challan ke option ni aa rehi efbr portal py psid kidr sy ab bny ge?
I have an agriculture area of 5 kanal (inherited), which is already declared in my tax return as '0' zero value. I have declared 5 kanal land in 5 parts, so 1 kanal land separately in each/new field of capital asset. I want to sale 2 kanal land.
Can I download 2, 7E certificates (1 + 1 kanal) for the purpose of selling 2 Kanal land in single turn/registry. or there must be 2 kanal land mentioned in single 7E certificate? in that case, shall i revise the return?
Yes, but 1st pls check from land record department, to do so, they will accepted or not
Good decision
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FBR kaam karnay ke liay tayyar nahin. FBR chahta hay ke aesay laws pass hon jisse bethay bithaey tax ikutha ho jaey. FBR hud harram idara hay. Rishwat khanay aur bethay bithaey tax extortion karna chahta hay. Ab ye zalalatein khutam honi chahein. Already hum Property Tax, Advance Tax, Capital Gain Tax, Stamp Duties, CVT, Transfer Tax de rahay hein. Koi justification nahin iss 7E tax ki. Provincial Governments already Propperty Tax hur saal le rahi hein tou Federal Government kesay koi additional tax laga sakti hay?
Agreed
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I didn't fill the values in last year income tax returns. I have sold plot. Plot k انتقال k liye بیانات bhi ho chuky hy. Advance Tax pay karny k liye Ab mai 7E exemption certificate kesy hasil karu ga?
I bought property 3 year ago but transferring today, should i wait?
If not needed, you can wait
Wait karo
@@wasimjan6022 👍
Next month sa aur tax increase hojaya ga.
Sir kindly correct good news (you have written goods news)
Yes spell issue, thanks
Decision Court copy please finish copy
how to fill Form of Declaration of Non-Residency by Non-Resident Pakistanis ISection 7E read with section 236C(2A)l
السلام علیکم کیا اس ڈیسیژن کی پی ڈی ایف کاپی دستیاب ہوگی
Yes
Ab ye tou clear nahi property sale karte huaye pure pakistan me 7E ka certificate chahiye k nahi
Needed
All over Pakistan
WHY NON FILERS ARE ALLOWED TO PURCHASE PROPERTY,CARS ETC. IT SEEMS TO SUPORT BLACK MONEY OR IT IS REGULAR AMNESTY SCHEME
Agreed
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@@faheempracticallearning SIR YOU DID NOT DISCUSS ON THIS POINT
@@faisalnaveed2805 later I will upload one lecture, on this topic
@@faheempracticallearning WAITING
decision copy ???? Link
Click on link available in description box
I was unable to submit my sales tax due to supplier pending return, now fbr remove annex a and make me liable to pay tax against that purchase i.e 3rd schedule. Now My return is hanged in between. How to solve it
Push your vendors to deposit in on time, for this month, you need to pay
@@faheempracticallearning seller has already file his return on 1st of june. It is a 3rd schedule purchase. My return was in provision draft but now I cant unsubmit my annex c or reclaim my purchase
@aamirmehmood5697 check your annex A, if you claimed in may, he also need to report same in may
Yes I checked but no tab is active to search n claim but same invoice exist in sales ledger
Plz send decession copy
Click on link available, in description box
Dear members,
sale invoice ko edit or delt karna ha. Ann C min delink tu kar di ha.per invoic sale leger min delink wali invoice show nhi ho rahi. how I can edit invoice??