Property Income Tax Latest updates | 7E new Rules and SOP | 236C

Property Income Tax Latest updates | 7E new Rules and SOP | 236C | 1% Income Tax Payment |

Рет қаралды 49,072

Жыл 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: 140

@immughal27 Жыл бұрын

سر فرعون بھی ٹیکس لینے والی قابلیت کی وجہ سے فرعون بنا تھا، ہمارے پاس پہلے ہی کافی ورائٹی ہے فرعونوں کی

@faheempracticallearning Жыл бұрын

😄

@MuhammadAli-tu9bi Жыл бұрын

Well explained...👍 Recommended for Comprehensive understanding of the concept...👍

@farazshafique9408 Жыл бұрын

بہترین اور آسان الفاظ میں وضاحت 🎉

@faheempracticallearning 3 ай бұрын

👍

@BuzybShipping 11 ай бұрын

Very Nice and comprehensive VDO

@Tofique Жыл бұрын

Very very well explained

@SafdarAli-vx5mj 11 ай бұрын

Love u bro great explanation. JazakAllah

@azmatkhan3773 Жыл бұрын

Very informative lecture

@Muslimmemon Жыл бұрын

(FOR OFFICIAL USE OF COMMISSIONER INLAND REVENUE) It is certified that the taxpayer has duly complied with the provisions u/s 7E as applicable to the taxpayer for TY 2022 in respect of aboye mentioned immovable property or the taxpayer is not required to pay tax u/s 7E due to exemption in law or stay order of the Competent Authority/Court of Law. or stay order of the Competent Authority/Court of Law.

@72alihassan Жыл бұрын

Informative

@usman_lhr Жыл бұрын

Well explained, thanks

@shahzaibnazim418 3 ай бұрын

Excellent way of delivery 👍🏻

@faheempracticallearning 3 ай бұрын

👍

@syedfaizan763 Жыл бұрын

Sir please make a lecture on the calculation for fair market value of the property for section 7E. And also share the rates for the calculation of fair market value

@riazshah6301 Жыл бұрын

Gud sir jee.form kpk kohat.

@soniakhameed3412 Жыл бұрын

propty ab tabha ho gye h ab buy ho ga doller doller jaye ga uper hi upr aur pakistan ka bera gark hona me dair nhi

@faheempracticallearning Жыл бұрын

Yes agreed

@umairtaxconsultant1 Жыл бұрын

Well explain sir

@imar86. 11 ай бұрын

Thanks.

@muhanmmadjahangirjahangir234 11 ай бұрын

بھائ آسان لفظوں میں رشوت کا ریٹ بڑھ گیا ہے زلت اور بڑھ گئ ہے

@faheempracticallearning 11 ай бұрын

😄

@saleemshaukat1500 7 ай бұрын

Aoa sir kia agr hum apne plot ki construction krte ha to us ki amount hum property me add krte jae ge ya aik invest wale colom me super construction as le kr chale ge? ya jaha plot ki value thi usi me add krte jae hum?

@ryusakazaki2451 Жыл бұрын

nam to is ka ishaq hey per log isy saaqa kenjr k nam sy janty hey

@faheempracticallearning Жыл бұрын

😄, Finance minister

@shahjee3830 11 ай бұрын

Exactly bilkul such,Dalla

@alimansoor1304 11 ай бұрын

Sir agar property 40 lack me sale karte he tu kya us k lea bhi section 7E certificate Dena ho ga ya 25 million property value per Lago he, kindly reply

@sohailsheikh6559 11 ай бұрын

Thank you for this useful information and guidance. Question: is this applicable on CDA and Federal government employees housing AUTHORITY (FGEHA) sectors in Islamabad as in this case CDA and FGEHA transfer the title and registrar is not involved. Please help. Thanks

@nasrullahkhan9915 10 ай бұрын

Excellent ❤❤❤❤

@faheempracticallearning 10 ай бұрын

👌

@altafkhan2669 11 ай бұрын

jab ma overses ma tha hamaray abai ghr ko bogus documents jo fransic report se b proove ho geya do party ko sell kr dea geya. Mamla court ma ha ab aik party kuch compansation krnay ko ready ha. Amount kuch zeyada to ni kia muje b is koi tax dena hoga as seller. Thank you.

@MuhammadAli-tu9bi Жыл бұрын

As per my understanding, purpose of the certificate from commissioner is that registry office cant determine exemptions... Yes this method is abit ajeeb e ghareeb... hopefully by the time changes will be brought.

@faheempracticallearning Жыл бұрын

😄

@user-iy1zg8eh4v 9 ай бұрын

Well explained all the points. Can you also explain what is the Town tax? and where it is implemented? I recently encounter an estate agent and he told me that the Town tax will be paid by the seller. Can you please confirm whose is liable to Pay the town Tax?

@R_ja 11 ай бұрын

Sir plz muje ye btay mera plot js ki dc value 515,000 ha or plot marla ka ha. Meiny isko bech dia ha muje ye btay kya muje b 7E wala form lena hoga? Plot ki market value 30 lac ha

@amazynga8868 11 ай бұрын

Same question

@MuhammadSohail-fr1mg 10 ай бұрын

I have not purcased or sell any property since last 5 years. I have only one house on my namme presently on Rent. Also I am paying Installments of 3 plots and may installments are remaining. Will I have to pay Tax even now as per new rules F 7E??

@AshrafKhan-ub9uu 8 ай бұрын

Sir please make a new video about 7E as per updated policy and procedures. Now i hope by the time things have been cleared.

@faheempracticallearning 8 ай бұрын

Case still pending from court side

@AshrafKhan-ub9uu 8 ай бұрын

Noted.

@nadeemqureshi759 Жыл бұрын

Thankyou for the latest informative video on current issue. What about if we already filed tax return of 2022 and did not fill form 7E in it, should we revise our return and then apply to get the 7E form?

@faheempracticallearning Жыл бұрын

Fill annex A and file application to FBR office manually

@saifurrehman9686 11 ай бұрын

Aik se ziadata properties ki market value aggregate karni ha ya just jo property sale karni ha us ki market fair price workout karni ha.

@faheempracticallearning 11 ай бұрын

Yes accumulated

@legalnetworkandpositivisim3379 11 ай бұрын

Ioog zaleel hngy filer ban ky.isk bajaye ab non filer rho extra paisy do mazy kro

@faheempracticallearning 11 ай бұрын

😄

@shahidbashir777 11 ай бұрын

Inherited gifted property lands in the name of non filer rules 7e applicable & tax measures explain please 🙏

@sajjadjamil7594 Жыл бұрын

Whats about Inherit property?

@tahirniazi8955 Жыл бұрын

Sir thanks for updating this information. I purchased a residential plot in December 2015 and sold in January 2023. Should I have to Tax U/S 7-E? Kindly clear. I hv declared this plot in all my Returns since 2015. At the time of sale I paid 236C Tax being a Filer. I didn't mentioned in 7E in Tax Year 2022. What should I do?

@TechEnterNetwork7585 Жыл бұрын

Same Question....

@syedfaizan763 Жыл бұрын

Sir if anyone have more than one property and both of them are declared in the return but one of them is declared in the tab of "others name". In that case, shall we consider both properties for calculation of tax liability under section 7E?

@faheempracticallearning Жыл бұрын

at the time of sale need to get certificate, commissioner will verify.

@haroonansari1235 Жыл бұрын

Very informative vlog. Is 236c tax adjustable tax in tax year 2024. What about the tax on holding period in 2024 tax year. I mean capital gain tax on immovable properties in tax year 2024. Fbr withdraw the holding period in 2024 tax year????

@faheempracticallearning Жыл бұрын

Other all adjustable, same treatment,

@JavedIqbal-hn4ls Жыл бұрын

اورسیز پاکستانی زیادہ تر ملک میں پراپرٹی میں انویسٹ کرتے ہیں اگر اسی طرح انہیں ٹیکسوں کے چکر میں حکومت لوٹنےکابندوبست کرتی ہےتو کون اپنا سرمایہ پاکستان بھیجےگا

@mudsirsaeed382 11 ай бұрын

7E kitni value wali property ki sale pr dena hoga 2 caror say ziyada pr

@faheempracticallearning 11 ай бұрын

25 Million

@mrabidbilal Жыл бұрын

Sir as per my understanding, Lahore High Court already struck down 7E. What would be the implication of that Order?

@faheempracticallearning Жыл бұрын

Supreme Court decision prevailed, as superior court

@sarfrazkhan4961 11 ай бұрын

ایک پراپرٹی جولائی 2022 میں سیل کی ہو اور سیلر نان فائلر ہو ۔اگست 2022 میں فائلر ہو گیا اس نے جو گین ٹیکس ادا کیا ہو 4%کےحساب سے اسے 2023کی ریٹرن میں کیسے فائل کرے گا اور کیا یہ ٹیکس ریفنڈ ایبل ہے

@alifnon8598 10 ай бұрын

TeX will be calculate at fair market value or FBR value

@salmansaeed7456 10 ай бұрын

Fbr value

@riazahmad6230 Жыл бұрын

Sir kitni Markit value per 7 E tax lagta ha . Aghar 25 m sa Kam value ho gi to 7e tax Nahi Dana ho gha.

@faheempracticallearning Жыл бұрын

Check previous, lecture of 7e

@immughal27 Жыл бұрын

کمشنر آفس میں کون یہ چاہے گا کہ اسکی فائل کمشنر کی ٹیبل پر آئے ، پھر تو 1 پرسنٹ سے کہانی کہیں اور ہی جائیگی

@faheempracticallearning Жыл бұрын

😄

@syedfaizan763 Жыл бұрын

How to calculate the fair market value of the property, for section 7E?please guide.

@faheempracticallearning Жыл бұрын

FBR valuation rates,

@syedfaizan763 Жыл бұрын

@@faheempracticallearning ok, can you share video lecture on it.

@syedfaizan763 Жыл бұрын

@@faheempracticallearninghow to calculate the value in case of residential, commercial property and also share the relevant SRO and rates for calculation purpose

@mustafaali328 11 ай бұрын

Sir, is this certificate from FBR under section 7E is required for transmission of inherited properties to legal heirs of deceased?? Is section 7E applicable on properties of deceased person if the properties of deceased are under sussession and have aggregate value of more than PKR 25 Million?? Sir for your information deceased is still a income tax return filer and on active tax payer list. Details and values of properties of deceased were mentioned in section 7E section of income tax return and wealth statement of tax year 2022. Properties are still in the name of deceased.

@faheempracticallearning 11 ай бұрын

For any transection or movement, we need this certificate

@amazynga8868 11 ай бұрын

@@faheempracticallearningany property? Even if it is 30 lac or less?

@muhammadyounis7676 11 ай бұрын

What about for sale of warasti property, inherited from parents side

@faheempracticallearning 11 ай бұрын

Same

@AliKhan-ym6nc 11 ай бұрын

It's against the personal human rights

@faheempracticallearning 11 ай бұрын

😂 😂

@tariqhassan387 Жыл бұрын

Jin ke plot 2018 may buy ki aye un per b implementation ho ge ?

@faheempracticallearning Жыл бұрын

Yes

@tariqhassan387 Жыл бұрын

@@faheempracticallearning 1 plot per b ho ga ya us per tax exempt ho gà !

@faheempracticallearning Жыл бұрын

Check previous, lecture of 7E

@aamirshezad8769 11 ай бұрын

Salam sir if you have only one inherited property you need is there any tax

@faheempracticallearning 11 ай бұрын

At the time of sales or transfer, need to get certificate or need to pay tax

@MuhammadAmin-ji3qr 3 ай бұрын

Agar Fair market value 25 million se kum hai tu b 1% tax barhna hai?

@faheempracticallearning 3 ай бұрын

@anwarkhannasar9420 11 ай бұрын

سوال ۔1 - سر کیا 25 میلین سے اوپر کے رقم پے 1 فیصد ہے یا کہ مجموعہ رقم پر ٹیکس ہے۔ سوال 2 - اگر کوئی پراپرٹی 25 میلین سے کم ہے اس پر بھی یہی رولز ہونگے؟ شکریا

@faheempracticallearning 11 ай бұрын

Pls check 7E 1st lecture, already explained these

@shahzerhussain643 8 ай бұрын

Are non resident exempted if she sell bahria property

@faheempracticallearning 8 ай бұрын

@malik_msn Жыл бұрын

1percent on property value which is being sold?? Or 1percent 7E wala??

@faheempracticallearning Жыл бұрын

1% 7E tax

@ahm3r180 11 ай бұрын

Does this apply if a property is being transferred from a deceased person to his children and wife, after that all the siblings and mothers are transferring it to one brother/son .. kindly help

@faheempracticallearning 11 ай бұрын

Yes

@ahm3r180 11 ай бұрын

@@faheempracticallearning but what if it's transfered as gift it's not a financial transaction and it's value is under 25 million

@faheempracticallearning 11 ай бұрын

@@ahm3r180 when transferred from Property office, original ownership changed, thn need to pay

@BuzybShipping 11 ай бұрын

Can you pls advise as my property in Karachi and I live in Islamabad, do I have to go there or the Land commissioner in Islamabad can do this?

@faheempracticallearning 11 ай бұрын

Where your are registered in FBR?

@shussain9192 Жыл бұрын

What about society transfers??

@faheempracticallearning Жыл бұрын

For file transfer, still no clear rules.

@legalnetworkandpositivisim3379 11 ай бұрын

Sir ya film mery sar k opar sy ja rahi hy

@faheempracticallearning 11 ай бұрын

Yes very deep concept pls check previous lectures

@rafiahmad320 11 ай бұрын

Very difficult to understand this puzzle.there should be a simple rule.

@faheempracticallearning 11 ай бұрын

Yes, law is always like this,

@ryusakazaki2451 Жыл бұрын

mera plot aik hey me wo sale krna chahta hu. approx 70 lac me sale ho ga. 6 saal sy ziada ho gya khredy vy. kia bta skty k mjy in hramio ko kia kia dena pry ga. phl to suna tha k 6 sal sy oper gain tax maf ho jata hey

@AllVideos-ky2tm 11 ай бұрын

Ab khtm Hai g 70 lac py 7% tax

@ahmadafzal5109 11 ай бұрын

Agr ap ke pas srf aik ye hi property ha to srf fbr value pr 3% tax dena ha for filer. Agr ap ki original value 70 lac ha to fbr value almost 50 percent less ho gi

@ryusakazaki2451 11 ай бұрын

ni mery pas aik r plot b hey dono ko sale kr k aik gher lena chahta hu mera gher koi ni. gher km sy km b cror tk ilta aam sa b@@ahmadafzal5109

@sulemanahmed6301 Жыл бұрын

Simply yoy have to pay it rehardless of everything..

@faheempracticallearning Жыл бұрын

Agreed

@SyedRaheelshah-dq2nn 11 ай бұрын

Sir mere mama k naam pe plot hai 32 saal pehle liya tha. Ab main bechna chahta hon to mujhe tax dena parega plz reply me.

@faheempracticallearning 11 ай бұрын

Yes

@faheempracticallearning 11 ай бұрын

Your mother filer?

@SyedRaheelshah-dq2nn 11 ай бұрын

@@faheempracticallearning nahi

@faheempracticallearning 11 ай бұрын

File return to save 3%, For service whatsapp or call at 0300-7574731

@IdreesGhazi786 11 ай бұрын

@@faheempracticallearning Jis walida ka inteqaal ho chuka usko Filer kesay bana saktay hein....? Succession Certificate mil gaya to phir to beta beti waaris bun gaeye... Ab marhooma walida ko bhee Filer banana ho ga kya????

@mahmedawais1001 11 ай бұрын

If property valuation is below 25mil then will this 7E apply on this?

@amazynga8868 11 ай бұрын

Same question ❓

@faheempracticallearning 11 ай бұрын

No, but still we need to get certificate at the time of sale

@mahmedawais1001 11 ай бұрын

@@faheempracticallearning what about portion sale on builder file?

@faheempracticallearning 11 ай бұрын

Same rule

@mahmedawais1001 11 ай бұрын

@@faheempracticallearning Thanks for information.

@shazadsheralikhan2302 11 ай бұрын

Pakistan Real Estate Market has Crashed. PAKISTAN's REAL ESTATE INDUSTRY HAS COLLAPSED IN 2023.Truely Speaking, Pakistan After 2017 Joker MUFTAH's FINANCE Minister Influenced Bad Decisions Causing A LITTLE BIT SLOW DECLINE. BUT ESPECIALLY AFTER 2023, A VERY MASSIVE, Real State INDUSTRY CRASH Has HAPPENED for At least 10 Years. GOD SAVE REAL ESTATE IN PAKISTAN

@faheempracticallearning 11 ай бұрын

Yes

@iftikharbutt5835 11 ай бұрын

Laanat ho FBR per

@faheempracticallearning 11 ай бұрын

😄

@ghousshaikh6534 11 ай бұрын

کچھ بھی ۔۔۔۔ رشوت کا ریٹ بڑھ گیا ۔۔۔۔

@faheempracticallearning 11 ай бұрын

😂

@aliahmad-se2yi 29 күн бұрын

Sir plez reply whether 7E in case of sale of Agriculture land is applicable on Non Filers or not.

@faheempracticallearning 29 күн бұрын

Yes applicable

@tariqanwarnoor 11 ай бұрын

AOA. I am a tax filer and my name is in ATL. I sold a property in Aug 2022 and paid 1%. Am I required to do anything like paying extra tax or how to handle it in my tax return 2023.