ڈیٸر فہیم محبوب صاحب آپکی ٹیکس کے بارے میں معلوماتی ویڈیوز نے مجھے بہت فاٸدہ پہنچایا اور حوصلہ دیا۔ میں الحَمْدُ ِلله آج لیٹ فاٸلر سے ایکٹو فاٸلر ڈیکلٸیر ہو گیا ہوں۔ اللہ پاک ﷻ آپ کو جزاۓ خیر دے اور خوب ترقی عطا فرماۓ،آمین 🌸🌷❤️
In case of AOP, which getting income from services and supplies and tax is already deducted. For example if the revenue is Rs.900,000/- and the tax deducted is Rs.280,000/-, so when we treat it in IRIS, it creates refund, and if refund is adjusted so the profit is over stated. Q1.How can we treat above mention case. Q2 Is the income received from AOP after tax deduction is taxable when partner file their individual return.
Please brother solve my question. Weather an importer can sell the good more than 50000/- to un-registered person for cash (without banking chanel) Thanks for prompt reply
if business model is like this, that more unregistered customers then ok, for example business model is dependent on cash sale, we can justify during tax notice,
Sir, It is Excellent video. I see mostly your videos including advertisement because I have just one thing to pay you through watching advertisement. I have a question; I also have a channel, whenever I listen your videos I don't feel surrounding noise which screen recorder do you use and how to remove surrounding noise. Thanks in advance and waiting for your reply. Regards.
A.a. Sir, if 1 lac salary of partner was added back for tax purpose, why this amount has to added to his 50 share profit. Further, what will be the status of the rent of shop, electricity bill and salaries of employees. Will these be excluded from the total yearly income or otherwise. Thanks
Is any special approval needed to allow for "salary" of partner(/s) besides profit share? And is there any maximum % wrt to revenue/profit? Is there any special clause that must exist in partnership deed?
If an AOP firm business type is the export of services, not registered in PSEP also in the year 2022-23 no tax was deducted by the bank on remittance. What is the tax rate on return filing ? is 154A still applicable (unregistered in PSEB)? The return should be filed in FTR or normal? Please note that AOP is not current working since Jan 2023, Which means that the company has only six months of final accounts for 2022-2023
in personal return, all income will be combined, for example one person working with 2 companies, and possible in company his salary is taxable while in other not taxable and they also not deduct income at the time of payment, but he will file his return he will report all source of income, is above slab then tax will be applicable
ڈیٸر فہیم محبوب صاحب آپکی ٹیکس کے بارے میں معلوماتی ویڈیوز نے مجھے بہت فاٸدہ پہنچایا اور حوصلہ دیا۔ میں الحَمْدُ ِلله آج لیٹ فاٸلر سے ایکٹو فاٸلر ڈیکلٸیر ہو گیا ہوں۔ اللہ پاک ﷻ آپ کو جزاۓ خیر دے اور خوب ترقی عطا فرماۓ،آمین 🌸🌷❤️
Ameen 👍
In case of AOP, which getting income from services and supplies and tax is already deducted. For example if the revenue is Rs.900,000/- and the tax deducted is Rs.280,000/-, so when we treat it in IRIS, it creates refund, and if refund is adjusted so the profit is over stated.
Q1.How can we treat above mention case. Q2 Is the income received from AOP after tax deduction is taxable when partner file their individual return.
If we deduct 40000/-/which is depreciation according to ITO then the taxable income will be 66000/-.
Yes your right, may be some video editing issue, but concept is same
Please brother solve my question.
Weather an importer can sell the good more than 50000/- to un-registered person for cash (without banking chanel)
Thanks for prompt reply
if business model is like this, that more unregistered customers then ok, for example business model is dependent on cash sale, we can justify during tax notice,
Meaning thereby that we sell the goods more than 50000/- for cash if we are dealing with un-registered
Person on cash basis
Sir, It is Excellent video. I see mostly your videos including advertisement because I have just one thing to pay you through watching advertisement. I have a question; I also have a channel, whenever I listen your videos I don't feel surrounding noise which screen recorder do you use and how to remove surrounding noise. Thanks in advance and waiting for your reply. Regards.
No additional any equipment, just normal even most of the time I used hand free for recording not even mic
@@faheempracticallearning Sir, Which screen recorder do you use? Thanks for your reply.
@@LET333 free cam
If a person is employee of co. ABC and has AOP named as XYZ so, the tax on salary will be consider as company tax rate?
A.a. Sir, if 1 lac salary of partner was added back for tax purpose, why this amount has to added to his 50 share profit. Further, what will be the status of the rent of shop, electricity bill and salaries of employees. Will these be excluded from the total yearly income or otherwise. Thanks
Is any special approval needed to allow for "salary" of partner(/s) besides profit share? And is there any maximum % wrt to revenue/profit?
Is there any special clause that must exist in partnership deed?
The profit share (after tax) received in this example will be also taxable for partner's individual return?
No
Only for rates purpose
Is the salary taxable in partner's individual return ? Like in this case Rs. 100000 just for the leaning purpose
Yee, taxable in individual return
Asalam O Alikum
Please make video on tax depreciation
Pls, check deferred tax lecture
If an AOP firm business type is the export of services,
not registered in PSEP also in the year 2022-23 no tax was deducted by the bank on remittance.
What is the tax rate on return filing ? is 154A still applicable (unregistered in PSEB)?
The return should be filed in FTR or normal?
Please note that AOP is not current working since Jan 2023, Which means that the company has only six months of final accounts for 2022-2023
Partners getting share from AOP is again taxable in partners personal tax return? Or it's exempted?
Exempt
Please Guid How to treat Vechile Sold no loss no profit in return
Assalam u alaikum sir how declare loss from AOP in individual return
w.salam,watch losses lecture
If someone is getting a salary from any other company and let's suppose the salary is not taxable so how he can declare his salary?
in personal return, all income will be combined, for example one person working with 2 companies, and possible in company his salary is taxable while in other not taxable and they also not deduct income at the time of payment, but he will file his return he will report all source of income, is above slab then tax will be applicable
660,000 after deduction
Sir What about When the AOP is in Loss....
Loss cannot be adjusted
Please note that taxable profit will be PKR 640,000 as per above calculation not PKR 740,000
Yes, may be typing, issue. Concept will be some. Pls observe concept.
Admissible aur inadmissible kia hota hai sir