Medicine purchase karte waqt .5% advance tax add hota hai 236H wo be FBR submit karte hai on our behave aur hum jab payment karte hai uska wht tax deduct karte hai 153 its right both adjust at the end of year
236 h is advance tax, if supplier charged on invoice, then you can claim in annual income tax return, and same if at the time of sale if your customers also deduct under section 153, thn same this also advance tax, you can claim both in annual tax return.
@@faheempracticallearning means local sales pr Jo tax deduct hoga woh adjustable tax me lenge aur export receipt pr Jo tax deduct hoga tau oh final tax me jaega Right?
Thanks alot sir. Sir aik question ha mera , Adv Tax ka leger hamary pas Asset wali side pa Debit balance a rha ho ga. Ab year end ma adjustment IRIS ma krny k bd. Ux debt balance ko nill kaisy krain gy apny trail balance ma/financial statements ma??
بہت شکریہ سر بہت اچھی معلومات ہیں۔ کیا ملازم کے سیونگ اکاؤنٹ کے منافع سے کٹوتی شدہ انکم ٹیکس کو اسکی تنخواہ سے سالانہ انکم ٹیکس کی کٹوتی سے منفی کیا جاسکتا ہے۔
@Faheem Mehboob , do we need to pay advance tax on domestic air tickets, functions gathering through banking channel to claim them or cash given and receipt obtained is adjustable. Please reply
If total billing is included with advance tax 15% (Telecommunication), what WHT rule is applicable either we withhold Income tax on the total billing invoice inclusive advance tax or before advance tax amount , please share reference
I have a question sir: if we withhold income tax of our vendor and deposit the same and get CPR but forgot to add it in quarterly withholding statement and in annual withholding statement its not showing what legal and financial problems it can create?
One more question, grocery par jaise chase up ya imtiaz se shoping ya phir shoes ya cloths wagera par sales tax lagta hai kia who return claims hota hai? I recently buy a shoes worth rs. 2500 and they added 200 sales tax in the invoice.
Sir, A company which is exempted from WHT, they charge distributor advance income tax u/s 236G which we adjust in our tax returns but FBR send us notices of Sec 147 to pay advance tax. How can we pay that?
Peole are the most weakest in this country, and hardly know the technicalities, except to bow down before the masters, Govt. In powers, and the institutions concerned with govt.taxation and the policy makers. Guidance, any way, is appreciable.
IT WAS MOST RESOUCE FULL VIDEO IN SUCH SHORT TIME EXPLAIN EACH AND EVERY THING
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Good 💯
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Ma sha Allah you expalined simply but brilliantly
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Very great video, well explained Great 👍 Job Sir Thank you alot
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Thats what i want to understand thank you sir i really appreciate your efforts.
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very nice information, thank for updates us on time
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Fabulous Brother Explain
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Great sir. Always informative.
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Useful and easily understandable 😇💯🤲🏻
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thanks for information. God bless you
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excellent
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Good information 👍
Shaukat awan advocate
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Masahallah sir this vedios
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Nice vedio ...
Can you guide how to revise withholding tax statement of 2,ND quarter filed Dec 2024 as done CPRs not reported....
Good
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withholding tax filling return per aik fresh video bana dn
Medicine purchase karte waqt .5% advance tax add hota hai 236H wo be FBR submit karte hai on our behave aur hum jab payment karte hai uska wht tax deduct karte hai 153 its right both adjust at the end of year
236 h is advance tax, if supplier charged on invoice, then you can claim in annual income tax return, and same if at the time of sale if your customers also deduct under section 153, thn same this also advance tax, you can claim both in annual tax return.
Thanku
@@MuhammadKashif-wp2hh 👍
Faheem sir kindly ye btayen k export ki Jo payment rec horhi hai kia woh adjustable hogi ya just local sales ki receivable amount ko hi adjust krenge?
Final tax.
@@faheempracticallearning means local sales pr Jo tax deduct hoga woh adjustable tax me lenge aur export receipt pr Jo tax deduct hoga tau oh final tax me jaega Right?
@@rehmanyousuf7098 yes
Sir plz make a video on windfall income on banks regarding latest SRO
please create video on IT enabled services witholding tax of 1% and which option to select to pay it
Thanks alot sir. Sir aik question ha mera , Adv Tax ka leger hamary pas Asset wali side pa Debit balance a rha ho ga. Ab year end ma adjustment IRIS ma krny k bd. Ux debt balance ko nill kaisy krain gy apny trail balance ma/financial statements ma??
بہت شکریہ سر بہت اچھی معلومات ہیں۔ کیا ملازم کے سیونگ اکاؤنٹ کے منافع سے کٹوتی شدہ انکم ٹیکس کو اسکی تنخواہ سے سالانہ انکم ٹیکس کی کٹوتی سے منفی کیا جاسکتا ہے۔
Out class.
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@Faheem Mehboob , do we need to pay advance tax on domestic air tickets, functions gathering through banking channel to claim them or cash given and receipt obtained is adjustable. Please reply
Yes, we need to pay
@Faheem Mehboob, we need to pay but with which was banking channel or cash to claim them for refund
@hassanshahzad2484 refund in tax return
What is the answer cash or banking channel???
@hassanshahzad2484 both
If total billing is included with advance tax 15% (Telecommunication), what WHT rule is applicable either we withhold Income tax on the total billing invoice inclusive advance tax or before advance tax amount , please share reference
Assalamualaikum @faheem sir kindly reply
Sir jee eik ase hain sindh service tax rate 13% per payment waqat per comperesion vedios bana hain
Yes, sure in future
Hello! what is the rate of u/s 153(1) rate of Incom tax deduction at source for company & individual tax payer i.e. 5.5% or 4.5%, if you please guide.
@@saraiki2023 5% for company if filer and 10% for non filer
@@saraiki2023 other thn company 5.5% and for non filer 11%
Assalam o Alaikum, sir plz add a lecture on steel casting units and method of sales tax return for these units....Thanks
I think already have on channel
@@faheempracticallearning ok i check
Sir I have checked but not found any video on steel casting sales tax
bank jo FED ke nam pa deduct karta ha wo kya ha aur return me kahan enter ho ga
Part of expenditures
@@faheempracticallearning and Sir 7E tax is also part of income tax?
@@azram143 yes it is expense
make some videos on sales tax treatment specail FBR portal
Already have on channel, check
Can WHT deducted on Bank Deposit Profit be adjusted in applicable tax during tax return filing
@@zahidmehmoodmalik5429 yes
I have a question sir: if we withhold income tax of our vendor and deposit the same and get CPR but forgot to add it in quarterly withholding statement and in annual withholding statement its not showing what legal and financial problems it can create?
No issue, for this,
Aoa sir....Fata and Pata taxation guidance video requested
Yes sure.
Whats the withholding Tax rate charge by company on a commission paid to distributor (Filer) of sale of 3rd schedule items (Tea).
Read section 233 commission
Can my employer, a private company, adjust my withholding tax and advance tax against my income tax if I provide proof?
Yes, pls watch how to save tax from Salary income. Just need to submit iT 03 form, explained in lecture
Brother jo marriage hall par with holdeding tax pay karte hai kiya who refundable hai?
Yes we can take or file refund
One more question, grocery par jaise chase up ya imtiaz se shoping ya phir shoes ya cloths wagera par sales tax lagta hai kia who return claims hota hai? I recently buy a shoes worth rs. 2500 and they added 200 sales tax in the invoice.
mashallah
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Respected Sir if invoice value is under Rs.50k then U/S 153 WHT is applicable? And also guide in case of an individual then what will be the WHT rate?
Yes if your withholding agent
@@faheempracticallearning Sir ind & co WHT rate is same?
How to record bank loan liability for a salaried person.
Report in liability and in bank account same time
Is with holding tax on National savings certificates adjustable during tax returns filing.
Yes
What about sales tax withholding ?
Watch withholding lecture
Sir, A company which is exempted from WHT, they charge distributor advance income tax u/s 236G which we adjust in our tax returns but FBR send us notices of Sec 147 to pay advance tax. How can we pay that?
Prepare working and watch 147 lecture, already explained in details
Who much amount is exempted for WH Tax?
in case of supplies for single vendor, invoice less thn or equal to 75K annual and in case of services 30K annual
Salam sir 153(1)(b) deducted on Shaht Card hospital is final or minimum for that hospital plzz sir reply
Minimum
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JazakAllah sir
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Peole are the most weakest in this country, and hardly know the technicalities, except to bow down before the masters, Govt. In powers, and the institutions concerned with govt.taxation and the policy makers. Guidance, any way, is appreciable.
Yes, agreed
if advance tax debit balances becomes more than the tax liability on tax return then what will happen? Will FBR return back extra amount ?
sale tax and wh tax is included in sale tax