aoa sir 1. main ny apni welth statement main 65 kanal inherited property ki value 10000000 dali hoi hy jb sy filer hoa hn .to ab kia krna ho ga ? 2. ager 65 kanal main sy 1 kanal 100000 main baichi hy to kia ye loss jo hoa hy 53000 ka is ko outflow main show kr do ? plz guied
Tahir bhai agr Ghr jiski ownership (late )mom k name pr ho or abbi inheritance transfered ya registerd na ho yani abhi succesion na bna ho to usko 7E pr report krna pryga ya ni ?
Next year value increase ho gi tu b value add increase krni ha? Phr assest mai increase show hota jy ga her saal? Jb k ap ny aik video mai kaha tha k jis rate py ap ny wo cheez kharidi hui ho wo assest usi rate py chly ga
Sir,if a house is joint with wife,then after her death ,her share transfer to you inherited .then in capital asset it write separately or write one time increaseing its measurement ie 5 marla house was joined by equally with wife.
For Inherited Property - (1) In Wealth Statement - Personal Assets - Amount should be Zero. (2) In Capital Assets 7E (inherited Property) - Cost/Declared Value should be zero and FBR - Fair Market Value should be added in 2nd column. (3) Which value should be added in Reconciliation of Net Assets - Inheritance column - Zero or Fair Market Value ?
@@tahirmahmood453 thanks. Agar father ki death ke baad inherited property ke jointly 5 members hon aur sab ne tax return karni Ho to tax return property ki value kya likhain ge. Note: After exemptions property total value is more than 25 millioin.
Three properties of my deceased father are in the process of succession. For the time being i am showing these three properties still in my deceased father return of tax year 2023. Is section 7E applicable on thses three properties as these are still in my fathers name and are under succession and can i take exemption by mentioning in other reasons of section 7E form on fbr iris portal 'as properties under succession'??
@@tahirmahmood453 thank you, sir. Wassee sir, is property under succession comes in the ambit of section 7E of the income tax ordinance 2001. As section 7E applies to RESIDENT PERSON NOT DECEASED PERSON.
Yes u are right. I went to FBR last Friday and discussed this issue with them. Now its their decision that everyone will enter his property in 7E even if its inherited.
@Tahir Mahmood
Aoa Sir,
Annual tax jo ata ha land revenue department se, wo FMV k according hota ha?
aoa sir
1. main ny apni welth statement main 65 kanal inherited property ki value 10000000 dali hoi hy jb sy filer hoa hn .to ab kia krna ho ga ?
2. ager 65 kanal main sy 1 kanal 100000 main baichi hy to kia ye loss jo hoa hy 53000 ka is ko outflow main show kr do ?
plz guied
Tahir bhai agr Ghr jiski ownership (late )mom k name pr ho or abbi inheritance transfered ya registerd na ho yani abhi succesion na bna ho to usko 7E pr report krna pryga ya ni ?
Next year value increase ho gi tu b value add increase krni ha?
Phr assest mai increase show hota jy ga her saal?
Jb k ap ny aik video mai kaha tha k jis rate py ap ny wo cheez kharidi hui ho wo assest usi rate py chly ga
Phir to waleth statement bhi cist velue 0 dalni padegi na ??? And 7 e ka form har saal bharna hoga ya automatic ajayega next year ???
Auto
Sir,if a house is joint with wife,then after her death ,her share transfer to you inherited .then in capital asset it write separately or write one time increaseing its measurement ie 5 marla house was joined by equally with wife.
Aoa. Thanks for info. Meri is saal ki salaried person return main 7E form to Kahi bhi nazar nahin aa raha.
Open Tax chargeable/payments then scroll down
For Inherited Property - (1) In Wealth Statement - Personal Assets - Amount should be Zero. (2) In Capital Assets 7E (inherited Property) - Cost/Declared Value should be zero and FBR - Fair Market Value should be added in 2nd column. (3) Which value should be added in Reconciliation of Net Assets - Inheritance column - Zero or Fair Market Value ?
Capital assets mai Doubel value kesay entry karain gai??...... as you told, const value and FMV??
There are two columns for each asset
One for cost other for fair market value
If someone get inheritance share of property from parents in the form of cash in his bank account, then?
How to delete property from wealth statement of a deceased person,?
Thank you sir for your informative video. Plz advise how to declare in 7e if residential property 50% sharing ma ho
Write in detail while entering property that u own 50 % share. Then write 50%of total cost as cost value.
Sir fbr ki property valuation list mn hmaray district ki koi list nhi hy to ab hum inherited property ki fair market value kya likhain gay?
Dc rate will work as fair market value
ruclips.net/video/UolqON-jrA8/видео.html
inherited property value agar exemptions ke baad RS. 25 million se above ho jaaye, phir kya aisi inherited property pe tax dena ho ga?
Yes but in Punjab it's suspended due to court order
@@tahirmahmood453 thanks. Agar father ki death ke baad inherited property ke jointly 5 members hon aur sab ne tax return karni Ho to tax return property ki value kya likhain ge. Note: After exemptions property total value is more than 25 millioin.
@@tahirmahmood453 Punjab main 7E abhi nahin applicable. Kya Islamabad main applicable Hai?
@skbaig88 every boy/girl will write % share and will put % cost of his share
Three properties of my deceased father are in the process of succession. For the time being i am showing these three properties still in my deceased father return of tax year 2023. Is section 7E applicable on thses three properties as these are still in my fathers name and are under succession and can i take exemption by mentioning in other reasons of section 7E form on fbr iris portal 'as properties under succession'??
Are u out of Punjab province?
@@tahirmahmood453i am from punjab province and in the jurisdiction of honourable LAHORE high court.
Then select exemption of stay due to cour order after choosing normal exemptions
Kindly watch this video
ruclips.net/video/GeLIPc5x_sI/видео.html
@@tahirmahmood453 thank you, sir. Wassee sir, is property under succession comes in the ambit of section 7E of the income tax ordinance 2001. As section 7E applies to RESIDENT PERSON NOT DECEASED PERSON.
BECAUSE IK VEDIO MAIN AP NAY BTYA THA NI KRANA
SIR INHERITED PROPERTY KO 7E TAB MAIN ENTER KRNA HAI
Yes u are right. I went to FBR last Friday and discussed this issue with them. Now its their decision that everyone will enter his property in 7E even if its inherited.
Sir fair market value fbr ki website pay kha pari ho gi ap plz mujay link send kr day
ruclips.net/video/rK9s19uMFe4/видео.html