Balance Sheet | Complete Guidance | Understanding | Personal Assets & Capital | FBR | Reporting |

Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Click here for Balance sheet
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Click on below WhatsApp link for further details of Practical Taxation Course
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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

[@Excelpowerhouse]

AOA Bhai sb Services industry k baray mai b thori information add karain kion kay iss mai toh koi stock involve nahi hota

[@faheempracticallearning]

Yes sure, in future

[@art.ist_rules_]

Plz explain here that whether we have to declare the business name bank closing balance in the personal wealth statement in Income Tax return

[@faheempracticallearning]

No

[@mazharhussain1980]

10:36 10:36 ​@@faheempracticallearning

[@arifaziz4022]

Sir plz explain that the business capital to sale ratio is 5 times, this ratio is for monthly sale or annual sale?

[@MUHAMMADSAMI-dk1ty]

Aoa faheem bhai agar seller return submit nahi karta to buyer ki invoices auto delete hon gii Kya ye implement ho raha?

[@faheempracticallearning]

Auto delete

[@imran46404]

Sir kuch logo income tax return 2023 ma capital asset sheet file nai ki the q ka unki property 2.5 crore sa kam the. Ab wo sale kar rhy hai to 7e certificate chahiya us ka liya return revise karty ha jis ma bht time lah rha ha Commissioner approval ka liya. Lakin property sale pending ho rHe ha is waja sa. Iska kya solution ha ????

[@FitFusion309]

Assalam u alaikum sir kia wait karna chahiye return submit karne k liye ya ab file karde after upload the balance sheet qk date 29 hogyi hai aaj

[@asadabbasi3602]

I have loadedBS with Zero values, now it doesnt allow to submit annex-c , what is the remedy? How to alter or amend the BS now?

[@farrukhnaseer8892]

Any up date About ,Prime Minister Dafer SRO 350

[@faheempracticallearning]

No official document from FBR

[@alilokhandwala6801]

Can we report. Capital = working capital + creditors+ long term loan ? if yes. then I have reported working capital as it if filled in june 23 return. I have not added creditors and long term loan. Can i edit in next month return ?

[@faheempracticallearning]

if already report, no issue for that

[@alilokhandwala6801]

@@faheempracticallearning issue is my business capital is low and my sales can't cover 5 times of it. As last year I purchased property and that reduce my capital. if commissioner approval is to be taken, I hope they don't harass

[@saeedahmed-nf8ov]

Sir why doesn't incorporate personal expanses in your video which is important factor. Personal expanses is bear from bisiness profit. Which is part of drawing.Retailer incorporate businees capital and take Good from vendor and his business is roll on this capital there was no proper way for retailer to understand the balance sheet and you are chartered account you know better the balance sheet. Retailer doesnot know if some retailer came to any accountant and accountant make the balance sheet but if any mistake came in future retailer shall be said your are liable for such error and you know Habibt of FBR offical if anythings came in their notice they said what we said is correct taxpayer said statement always be incorrect.

[@faheempracticallearning]

business expenses, we need to deducted, other personal expenses, not part of business

[@saeedahmed-nf8ov]

Personal expenditure bear by retailer from their business profit e.g house utility expenditures shall be paid if they earn profit from business and their personal expenditure shall be paid from that profit. Capital+profit-drawing=capital

[@mazharhussain1980]

​@@faheempracticallearning10:36

[@faheempracticallearning]

@@mazharhussain1980 ?

[@shahid12009]

Assalamualikum Sir please send me balance Sheet links

[@faheempracticallearning]

W.salam share msg on link

[@muhammadsalman6725]

Abhi bhi sales tqx return submit ni ho rahi error show kar raha hai ke suppliers return submit kare ge to phir hum return submit kar sakte hain. Es ka kia solution hai aur further return submission ki date extend hogi ?

[@ilyasjawedjawed7935]

Same issue

[@asifjutt4730]

Sir please excel balance sheet share

[@faheempracticallearning]

Share msg on link

[@asifjutt4730]

@@faheempracticallearning kal kaa send kia WhatsApp