Sale Tax Basic Concept with Double entry | Input & Output Tax | Further & Extra Tax | FBR

• SALE TAX AND INCOME TA...
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Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
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-231A Advance tax on cash with drawl
7. Section-231AA and 236P Advance tax on certain banking transection
8. Section-231B Advance tax at the time of registration of private motor vehicle
9. Section-235A Tax collection from domestic electric bills
10. Section-236 Tax collection from telephone users
11. Section-236B Advance tax on purchase of domestic air ticket
12. Section-236D advance tax on function and gathering
13. Section-236F Advance tax on cable operator and other electronic media
14. Section-236G Advance tax on sale to distributor, dealer and wholesalers
15. Section-236H Advance tax on sale to retailers
16. Section-236I Advance tax by educational institutions
17. Section-236U Advance tax on insurance premium
18. Section-236X Advance tax on Tobacco
19. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
20. Fine and penalties
21. Section-177 Audit
22. 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

[@nawazgondal6889]

Thanks a lot, Allah bless you a lot

[@faheempracticallearning]

👍

[@princeusmanm7003]

shukriya sir❤

[@rizqahalal1947]

impressive

[@faheempracticallearning]

👍

[@Digital.Mania-tv]

good

[@faheempracticallearning]

👍

[@muhammadusman8849]

Great boss keep it up

[@faheempracticallearning]

Jazak Allah

[@meerhassanlanjar1922]

Thanks

[@faheempracticallearning]

Jazak Allah

[@mrdataanalyst6713]

Sir I love you

[@altafamirali4946]

Thanks sir for your informative video
Sir, there is very low sound in your
video

[@faheempracticallearning]

Ok, next I will more improve

[@altafamirali4946]

@@faheempracticallearning 👍

[@bahriatownkarachibtk8631]

Sir tax fraction pe detail pe vedio bana dee if possible please

[@faheempracticallearning]

Yes sure in future

[@bahriatownkarachibtk8631]

@@faheempracticallearning thank sir

[@babybootv9444]

Sir ,kiya 3rd schedule item (MRP) par further tax parta hai?

[@faheempracticallearning]

no

[@Digital.Mania-tv]

i have interview expected next month or in near future for inspector inland revenue. would you suggest what topics should i cover?

[@hassi3264]

Same here

[@babybootv9444]

Sir , is there any limit for the sales to unregistered person ?

[@faheempracticallearning]

No

[@babybootv9444]

@@faheempracticallearning my senior has been pressuring me to sale more goods to Registered only because sales above 10m to unregistered dissallowes input tax

[@faheempracticallearning]

@@babybootv9444 where is the rule?

[@babybootv9444]

Through Second Amendment Ordinance, a new sub-section to Section 73 of Sales Tax Act, 1990 was introduced under which if a registered manufacturer makes taxable supplies to a person, not registered under the act, exceeding Rs10 million in a month or Rs100 million in a financial year, then input tax adjustment, as attributable to such excess supplies to the unregistered person, would not be allowed.

[@faheempracticallearning]

@@babybootv9444 one month is ok, 10 million this also link with 108b of income tax ordinance