Latest Updates | 7E | In which condition No need of Certificate | 4 exemptions

Latest Updates | 7E | In which condition No need of Certificate | 4 exemptions | FBR |

Рет қаралды 47,079

11 ай бұрын

Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Click on below WhatsApp link for further details of Practical Taxation Course
wa.me/923007574731?text=Pract...
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

Пікірлер: 91

@shaza822 11 ай бұрын

Thanks for the update

@muhammadharoon-ur-rasheedb14 11 ай бұрын

Very informative, very quick update. Stay blessed dear your big fan. Muhammad Haroon ur Rashid Bhutta Advocate High Court

@faheempracticallearning 11 ай бұрын

😍

@hafizaqif8164 11 ай бұрын

Well explained, many thanks.

@faheempracticallearning 11 ай бұрын

😍 😍

@atiflawchamber1677 11 ай бұрын

یہ جلد اڑ جاے گا انشااللہ

@faheempracticallearning 11 ай бұрын

😂

@NazirAhmad-uq3gi 11 ай бұрын

Very Informative Video

@faheempracticallearning 11 ай бұрын

Thanks

@NazirAhmad-uq3gi 11 ай бұрын

Respected Sir Are DNFBP Certificate holders pay 7E at the time of sale Immoveable Property?

@abdulrazzaqkhanniazi366 11 ай бұрын

Similarly land developer's are also excluded from the preview of this tax

@abuzarlatif273 11 ай бұрын

kindly guide k apny kaha a k kch cases pr implement nai o gy jinka referemce dia gaya a kaya in cases pr apply nai o ga ya phr jitny b 7e cases a kisi pr b apply nai o ga for r kaya abhi b registry k lia 7e certificate lena o ga ?

@mohammadadilshaikh6566 11 ай бұрын

Very informative waiting for separate video on non resident Pakistani exampted

@akbercassum 11 ай бұрын

Faheem sb Is property tax applicable under 7E on donee, if property is recently gifted by blood relation, despite the donee is active tax payer.

@abidsiddiqui2326 9 күн бұрын

Overseas Pakistani Kee video upload kerday Thanks

@faheempracticallearning 9 күн бұрын

@@abidsiddiqui2326 yes sure

@saleemabbas7176 10 ай бұрын

I have sold property purchased in 1994 and ....in this tax period I purchased new property with the sale amount .....would 7e apply on me......

@tahiraejaz7630 11 ай бұрын

Please do the vlog about pensioners. H.ow can a pentioner sell his property 2....if a pentioner wants to transfer property as a gift what rule he has to follow

@abdulrazzaqkhanniazi366 11 ай бұрын

Govt employees and govt pensioner are also excluded from the ambit of this tax

@faheempracticallearning 11 ай бұрын

@MAK3269 11 ай бұрын

Good video 👍 Question regarding non-resident seller: Sir Form B ki information transferring authority ki haad tak rahe gi ya transferring authority ultimately concerned RTO se share keree gi?

@faheempracticallearning 11 ай бұрын

Yes

@Tofique 11 ай бұрын

Excellent Boss

@faheempracticallearning 11 ай бұрын

❤

@tahamehboob8382 11 ай бұрын

Sir 90 SQ yard py bhi sale purchase py bhi tax dyna hoga.

@faheempracticallearning 11 ай бұрын

Yes, other taxes same, as previous

@Haseeb0770 11 ай бұрын

Sir, could you please confirm how we will calculate 236C advance tax at the time of sale? Means on which figure?

@faheempracticallearning 11 ай бұрын

Dc rates

@hafizaqif8164 11 ай бұрын

Please confirm if there is any issue with iris fbr website as its not working from the last 3 days

@faheempracticallearning 11 ай бұрын

today is ok

@muhammadasim8434 11 ай бұрын

Sir plz guide karain Kay agar Kisi ke ek say ziada properties Hain Jo Kay woh apnay business purpose Kay leye use karta hai kia woh bhe 7E main count honge ..kindly guide me

@faheempracticallearning 11 ай бұрын

If businesses, income and capital proper declared in return, thn can be exempt, provided all evidence self explntry

@muhammadasim8434 11 ай бұрын

@@faheempracticallearning all business permisses declare in ATL as well as 181 form is it exempt or not in 7E

@faheempracticallearning 11 ай бұрын

@@muhammadasim8434 provided that, businesses income also should be added in wealth, thn ok

@alidaar2811 10 ай бұрын

Please this..1% property tax under 7e is calculated on the total of all property or each property is calculated separately...

@faheempracticallearning 10 ай бұрын

if all property above 25 million values (excluding exemption of 7E) applied 1%

@naturelover9560 11 ай бұрын

learn a lot from your channel , need advice i want to pay some amount to my son for business' he is not filer and i am filer and government servant which method i use to transfer money to his and how i show in my tax return i hope you will be answer my query

@faheempracticallearning 11 ай бұрын

Transfer in his account, and also need to file return of your son

@tahirniazi8955 11 ай бұрын

Sir 7E tax ky liye Form A physical submit hoga ya Online? iss baat ki clarification kahein nazar nahi ai. Thanks kindly guide

@faheempracticallearning 11 ай бұрын

till now physical in future hopefully online

@sajjadhaider7373 2 ай бұрын

I inherited a property from my late father who was alloted a plot by the provincial govt as retirement benefit. Can I claim exemption from 7E?

@faheempracticallearning 2 ай бұрын

Yes

@sultanawan8587 11 ай бұрын

Aik Ghar hay us Kay 3 Bhai waris hain agr aik Bhai agar khareeday ga us ko tax kis Tarah aur Kitna Dana ho gaa pl

@faheempracticallearning 11 ай бұрын

if your filer thn 3% +1% and other duties

@saeedahmad5590 11 ай бұрын

Feb mail plot lya tha ab sell kar raha hoon 7E lyna pary ga

@faheempracticallearning 11 ай бұрын

not same tax year, two option either to pay 1% or get NOC from FBR office

@imranmustafa7121 11 ай бұрын

Sir jinho na 7E form phly online submit kar diya tha, and wo log exempted b thay is tax sa, to kya ab return ka sath dubara ya bhajna ha ?

@faheempracticallearning 11 ай бұрын

no issue, for online

@drrabiya1221 10 ай бұрын

If property is.purchased in oct2022 and sold in sept2023.7E applicable r not? Second question pensioners exempted r not..?

@faheempracticallearning 10 ай бұрын

yes not applicable, if same year purchased and sold out, pensioner not exempted..

@MuhammadFarooq-fd5ui Ай бұрын

i have a share in inherited prop and one house self built 10marla. will 7E apply

@faheempracticallearning Ай бұрын

Yes

@muhammadejaz2143 11 ай бұрын

Land record department are saying to pay tax 7E without any knowledge

@faheempracticallearning 11 ай бұрын

Yes this is the issue, they don't know

@Dr.FawziyaT 11 ай бұрын

If the property is a residential plot. And the FBR land value is less than 2.5 crores then what? Kya ye tax apply ho ga? Please respond

@ahmadafzal5109 11 ай бұрын

Agr ap ke pas 1 property ha to wo exempt ha. Agr ap ke pas 2 properties hain to un ma se koi aik property exempt ha of your own choice. 2nd property ki Agr fbr value 25 million se above ha to us value ka 1% tax dena ha. Agr 2 se zyada ha to 1 exempt kr ke bki tmam properties ki total value 25 million se above ha to 1% tax dena ha

@faheempracticallearning 11 ай бұрын

Still you need to get certification, at the time of sale

@ahmadafzal5109 11 ай бұрын

@@faheempracticallearning yes. Bs dua ha ye certificate wala kaam jaldi automate kr dn. Fbr se ja kr lene ma bht zalil hna prh rha

@faheempracticallearning 11 ай бұрын

@@ahmadafzal5109 😄

@Dr.FawziyaT 11 ай бұрын

@@faheempracticallearning thanks

@SyedanwerShah-py4nj 11 ай бұрын

Dear sir, ap apne vlog ko asan banane ki koshish karin ,ap ki batin aam admi ki samaj me nain ata,non resident and resident kon hota hae,ap clarified nain kar pa rahe,

@faheempracticallearning 11 ай бұрын

Non resident, foreigners

@MrSameerbaig69 11 ай бұрын

Very informative but need to improve some content,

@faheempracticallearning 11 ай бұрын

Which content, openly discuss

@user-il8up8kg5l 11 ай бұрын

سر کیا ڈی ایج اے جو کھربوں کا کاروبار کرتا ہے وہ بھی اس ٹیکس سے مستثنی ہے قوم جاننا چاہتی ہے

@faheempracticallearning 11 ай бұрын

😄

@iqtidadahmed1465 11 ай бұрын

Who will decide fair market rate. In 7E

@faheempracticallearning 11 ай бұрын

FBR valuation rates

@atiflawchamber1677 11 ай бұрын

اب لوگ دوبارہ عدالت جاے گے اور اسی کیس کا فایدہ اٹھا کر اسکو انجواے کرے گے انشااللّه

@faheempracticallearning 11 ай бұрын

😂

@atiflawchamber1677 11 ай бұрын

I ll go for a client

@faheempracticallearning 11 ай бұрын

@@atiflawchamber1677 😄

@muhammadharoon-ur-rasheedb14 11 ай бұрын

Need non resident explanation as amended FA 2022. This is just to remind those who file Return of Non-residents, that the definition of Non-Resident was changed through Finance Act, 2022 (applicable on the Returns to be filed of Tax Year-2023). That previously, an individual was to be considered a Non-resident in Pakistan, only if his stay was for less than 183 days in Pakistan. However, now to be considered a Non-resident in Pakistan, the taxpayer has to stay in "any one" foreign country for more than 182 days or he has to provide proof of being tax resident of any other country. So, if a person stays 200 days outside Pakistan, however those 200 days were not spent in a single country, rather for example 100 days were spent in USA and remaining 100 days were spent in Canada, then he is not to be considered Non-resident in Pakistan, unless he produces a proof that he was tax resident of either USA or Canada. (Relevant Paragraph from Explanatory Circular is attached).

@akhlaqahmed2495 11 ай бұрын

اگر سی ڈی اے کوئی زمین یا مکان اپنے ڈویلپمنٹ پروگرام کیلیئے لے لیتا ہے اور اس پر کوئی پیمنٹ کرتا ہے تو کیا اس پر ٹیکس ہو گا۔

@siddiqshujaat1519 11 ай бұрын

Nothing new,all for favorite people. No benefit to a lay man.

@funnyvideos12025 11 ай бұрын

25 ملین تک کی پراپرٹی سیل کرنے پے ٹیکس نہیں ہے یہ بات کس نوٹیفکیشن میں لکھی ہے ؟

@faheempracticallearning 11 ай бұрын

7E, deemed income section income tax ordinance

@funnyvideos12025 11 ай бұрын

@@faheempracticallearningplz share screen short

@funnyvideos12025 11 ай бұрын

@@faheempracticallearningyes available in section 7E(2)(g)..... Thanks bro

@fforfinanceshams 11 ай бұрын

Sir, DNFBP wala point jo hy is men individal property dealer As DNFBP registered hojay then can he avoid 7e

@funnyvideos12025 11 ай бұрын

@@fforfinanceshams no

@zafaradeel2107 11 ай бұрын

🤔🤔🤔Main you "dar" hi gaya thaa.shukar hai k bahadur jawano ko bhi iss "behaya" tax se mehfooz rakha gaya hai.ab Kashmir ko azad hone se koi Modi ma da bacha nahi rok sake ga ! ! !

@abuzarlatif273 11 ай бұрын

to phr yh real estate waly q dance kr rhy a k 7E khtm o gaya

@faheempracticallearning 11 ай бұрын

information not clear, even mainstream TV also not clear

@ahmadafzal5109 11 ай бұрын

Srf punjab ki had tk khatam hoa ha

@faheempracticallearning 11 ай бұрын

@@ahmadafzal5109 not 100%

@ahmadafzal5109 11 ай бұрын

@@faheempracticallearning sir fbr abi khud confuse chal rha ha. Ma ne LHC ka pora order para ha. Unhn ne kaha ha agr fbr ne 7e tax lena ha to purchasing cost pe le not fbr market value. Us ke lye proper rule bnae tb tk 7e totally khatam ha. Sath Court ne kaha ha k jo exemptions ap ne dn ha army or government employees ko wo bi khatam krn. Ab fbr musibat ma prh gya ha. Agr exemptions khatam krta ha to bare bare chorn pr tax lg jae ga. Is lye court ke decision and fbr ke circular se lgta ha punjab ki had tk 100 percent khatam ha Bki confusion hr taraf chal ri 7e se related

@faheempracticallearning 11 ай бұрын

@@ahmadafzal5109 yes agreed