Business Bank Account Reporting | Minimum Penalty | All Bank Accounts need to Report | FBR |

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/message/...
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

[@hassanshahzad2484]

Thanks a lot for wonderful videos. Hope we will receive updated videos from your end in the future also.

[@faheempracticallearning]

👍

[@rizee765]

Sir!!!!! Thank you for your guidance in law.. Great work!

[@faheempracticallearning]

👍

[@naturesmomentss]

Assalamualakum, ap ki vedio taksar dekhta hunsir please guide ker den k business accounts 181 forms men add ker den ,en ka balance ,,balance sheet men with all account numbers kesay likhen,quen k wealth statement men tu business accounts hum nahi likhtay,except personal accounts k,

[@malikshukat7287]

Good information Shaukat awan advocate

[@faheempracticallearning]

👍

[@aamirmehr1697]

جزاک اللہ سر اپ ٹیکس کے معاملات میں عوام کی رہنمائی کرتے ہیں اپ نے اس ویڈیو کے اندر بینک اکاؤنٹ کو ایڈ کرنے کا ذکر کیا ہے یہ معلوم کرنا ہے کہ کیا بینک اکاؤنٹ ایک سال پرانا ہونا چاہیے یا کہ ایک سے دوسرے ٹیکس ایئر کے درمیان میں جب بھی اوپن کروایا ہو تو وہ بینک اکاؤنٹ ایڈ کرنا ہے اس میں رہنمائی فرما دیں

[@faheempracticallearning]

Yes, we need to report all bank accounts

[@mmmhrhs]

I have a few questions: 1. Me and my wife have opened a joint account, and we both are filers. Where to declare the joint account? 2. Can CGT on mutual funds be adjusted like WHT?

[@khurramnawaz6067]

Aoa Sir, 1.Ghar ki registry MRS k naam pr hai. Usko apni return main kaisy show krna hai? 5 saal phly lia tha ghar. Aor uski value govt ki registry wali show krain ya jis payment pr lia hai wo show krain? 2. Installment pr mery naam plot ki file hai. 3 saal ki installment de di hai, 2 saal k paisy abhi deny hain uska kia enter krna hai? 3.salry k ilawa bank se thora bohat profit aa jata hai, uska tax b cut jata hai, uski b entry bta dain plz. Aor 1st time return file krni hai to mrs k name pr ghar hai. Ghar ki value+bike+gold+cash yh sb hi show krna hai to kis trah se krain gy. Yh sb assest show krain gy to kia yh sb current year ki gross salary se to bohat ziada value ho jaye gi.. Aor reconsile end ko kis trah se 0 amount krain gy. Plz reply kijye ga. Thnx.

[@javediqbal7932]

Sir ager inherited agricultural land ko sale kren 50-100 acre amount 2 crore tk sale out ho to as ko tax return mae kasy show kren gy

[@zenith50000]

ye business walo k lia hai. Jo log job ya house wife hain individual ha unka bank account declare karna zarori ni

[@faheempracticallearning]

Yes only for business persons

[@TempleHemker]

You make wonderful videos! 👏 I’ve got a question: 🤨 I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷‍♂️

[@faheempracticallearning]

😔

[@hafizmuhammadusman1002]

میری انکم میں freelance آمدن بھی شامل ہے میں سوچ رہا ہوں کے return فائل کرنے سے پہلے میں PSEB میں فری لانسر کے طور پر رجسٹر ہو جاوں تا کہ مجھے %0.25 ٹیکس دینا پڑھے۔ کیا اس وقت پہ رجسٹر ہونے کا فائدہ ہو سکتا؟ ایک امکان یہ ہے کہ PSEB کچھ دن لگا دے رجسٹر کرنے میں اور ریٹرن کی تاریخ گزرنے کا خدشہ ہو تو اس صورتحال میں مجھے freelance کے علاوہ جو آمدن ہے اس کو فائل کر دوں اور جب PSEB رجسٹر کر دے اگلے 2 مہینوں کے اندر تو اس وقت میں Revise کی اپلیکشن میں فری لانس آمدن فائل کر دوں راہنمائی فرمائے گا۔ جزاک الله خیرا

[@hafizfabrics]

Same question here

[@amjadislamamjad8]

اسلام و علیکم بہت زبردست آپ نے ٹیٹوریل بنا ہے ۔ سر ایک سوال ہے اگر اکاونٹ قابل استعمال میں نہی ہے تو کیا اس کو آئیرس سے بھی ختم کیا جائے گا

[@faheempracticallearning]

yes need to report, this is only for business person

[@amjadislamamjad8]

@@faheempracticallearning شکریہ سر

[@faheempracticallearning]

@@amjadislamamjad8 👍

[@hassanshahzad2484]

Sir you said we have to declare the credit card and debit card also then this means every cheque of the cheque book will have yo be declared if used for business purposes? Please comment.

[@faheempracticallearning]

Just need to report ban account name and number

[@abdulsamadkhan5662]

Ye wali sari penalties sirf business pe hai ya salary individual pe bhi apply hogya

[@faheempracticallearning]

Business

[@sikandarraza7806]

Assalam O Alaikum App Salary Return Submit Kareyn Kay Katney Charges Layteyn Han Faheem Sahab

[@faheempracticallearning]

0300-7574731 contact on this number

[@AsifClothsHouse]

Dear agar nhi kea howa bank link tu us ko kasy correct kary

[@faheempracticallearning]

on IRIS file modification form , and add bank details

[@educatorahmedmuneer2667]

Dear sir If husband and wife are both Filers and they have joint account how tax will be applicable. If husband is filer but wife is not filer how tax will be applicable on joint saving account for profits in national savings

[@faheempracticallearning]

Check bank on which name tax deducted and deposit

[@hashtag2552]

Sir plz answer this. Sir am visiting the teacher and have earned 1470000 and paid 16170 tax at 11%. But the total amount i received 12389, and the remaining almost 6500 was deducted by the university. That deduction would be added under which head.

[@FaQu-u3v]

Eobi waley bank alfalah main pension bhejtey han jo eobi specific hai jis main amount rukhney pur profit bhi nahi milta tou yea account bhi return main show karen kia sir thanks

[@faheempracticallearning]

@@FaQu-u3v this is only applicable on business

[@FaQu-u3v]

@@faheempracticallearning ok sir thanks 🙂👍,.

[@danishaali4359]

Assalamo Alekum, Sir personnel account bhi update kana zarori hein? Aur Jis account kii FBR malomat mein transaction ion he in , WO bhi karna ya nhi??

[@soniakhameed3412]

Zarort hi kiya😄😄

[@faheempracticallearning]

this is the business transections bank

[@MuhammadAshraf-kg1sk]

Roshan Digital Account ko FBR return me report krna zaruri hy ya nahi?

[@faheempracticallearning]

bank reporting requirement, only for business

[@ANWARKHAN-ox1up]

BHAI BUSINESS BANK ACCOUNT DALNA HAI PERSONAL ACCOUNT BHI KIA

[@faheempracticallearning]

Business

[@hassanshahzad2484]

Is credit card also considered a Business bank account according to Income Tax Ordinance

[@faheempracticallearning]

Yes. need to report

[@faheempracticallearning]

if directly used for business purpose

[@hassanshahzad2484]

What about debit card of the business bank account if business bank account has already been declared?

[@hassanshahzad2484]

Do we need to declare the debit card of the business bank account if we have already declared the business bank account

[@faheempracticallearning]

Yes, if used for business purpose

[@hassanshahzad2484]

This means we have to declare every cheque of cheque book also of business bank account?

[@faheempracticallearning]

@@hassanshahzad2484 just bank name and account

[@abeeragull3964]

Asalm o alikum..i want to do wrk with u as a learner ..bec i want to grip in tax matter...i m acca student ...is it posible ???

[@faheempracticallearning]

Click on below WhatsApp link for further details of Practical Taxation Course wa.me/message/5BNUTBJFAPHUN1

[@ghulammohiuddin1929]

Informative Video ❤

[@faheempracticallearning]

👍

[@Hamid-cp8ul]

Bahi tax return revised ka time kitna hota hy

[@faheempracticallearning]

within 60 days

[@hafizfabrics]

FBR ka staff ..na hamary MNA MPA khud tu proper declare nhi kerta....?or awam ko tease kerna ki pay leta hai....

[@faheempracticallearning]

😔

[@wariskayani-r7t]

Dear Sir, Mera HBL mn account ha or account taqriban khali ha bs account locker ki wja sy khulwaya or es account ko mny tax return mn show nhi kiya tw kya es sy b penalty hoskti ha ?

[@faheempracticallearning]

@@wariskayani-r7t this is for business persons

[@wariskayani-r7t]

Ok Sir.😊

[@faheempracticallearning]

@@wariskayani-r7t 👍

[@FaheemJanjua]

پروفائل میں ایڈ کر لیں تو کیا فرق ہے

[@faheempracticallearning]

@@FaheemJanjua yes need to update

[@rizwanchandiwala]

Which one is more appropriate to add a new bank account in IRIS Portal ? 1) Form 181 registration of modification 2) Profile

[@FaheemJanjua]

@@rizwanchandiwala Add into profile

[@Wowniceone]

I have a Roshan Digital Account which I use for investment and 2nd NRP account which I use to transfer money to my parents and family. I am overseas and have no business in Pakistan but investment in the stock market via RDA account, do I need to declare both accounts.

[@muhammadasim9453]

آپ سوال کا جواب نہیں دیتے بھائی، اگر دے دیا کریں تو ہمارے لئے اچھا ہو گا

[@faheempracticallearning]

check comments, already replied

[@maazsiddiqui1540]

Bhai koi ordinance hain to share karein

[@faheempracticallearning]

already mentioned 4 sections, for reference is lecture, pls watch again

[@SpaceXX71]

Filing date extend hogi ya nahi...??

[@faheempracticallearning]

80% chance yes

[@SpaceXX71]

@@faheempracticallearning fbr announced yesterday...NO EXTENSION

[@ahsanurrehmanalvi6989]

Why u giving mobile number no response

[@faheempracticallearning]

For any question you can mention here, easy for me to reply, rather individually

[@hafizmuhammadusman1002]

محترم اگر کوئی شخص پاکستان میں جاب کر رہا اور ساتھ میں freelance بھی کرتا یا کوئی remote جاب کرتا جس سے remittance آ رہی تو اس صورتحال میں return کیسے فائل کریں گے۔ میں نے کافی سرچ کیا لیکن اس کا مکمل حل نہیں ملا کیا آپ راہنمائی فرما سکتے ہیں؟ یہ ایک بہتر common use case ہے خصوصاً IT پروفیشنل کے لئے۔

[@AsifIqbal-hq8hu]

My dear respected ...sub Kuch app khud Ker lay gay Tu Baki log Kia karay gay..5k pay Kray or return filling kesi expert say kerva lay...

[@hafizmuhammadusman1002]

@@AsifIqbal-hq8hu you're right brother I will eventually take services of an expert but posting query here so that may be we can have video posted on the channel on these common topic for public awareness.