Consequences if Tax Return not Filed within due date | Risk | Penalty | Losses | No Refund | FBR |

[@muhammadfarooq9310]

Jazak ALLAH Janab

[@faheempracticallearning]

@@muhammadfarooq9310 👍

[@rohanirfan]

AOA,Sir mein 2017 si filer hon lakin apny property declar nahi karwi thee, Ab mein kis tarha property add karwa sagta hun

[@msumairq]

For a company who is late filer today, can the company claim losses in TY 2024?

[@tahirsheikh3772]

Aoa. I late filed 2023 and submitted a surcharge of 1000 as well. I filed 2024 already. When late filer will be converted to filer?

[@mustansirujjain]

Sir please prepare a lecture also on the real benefits of filing tax returns. In my opinion avoiding consequences is not the benefit. also make a lecture on overseas Pakistanis returns.

[@faheempracticallearning]

Yes sure, agreed

[@zaheershaikh2008]

Salam sir sir men salaried person hun r mene bank se loan utha hy 600000 ka ab uski entry khan krni hy r jitme pses paid kiye hn wo likhne hn ya paid hone hone k bad baqi jtne pese bche wo likhne apke jwab ka intzar rhega

[@kashifali-xz9cb]

In reconcile, input - output nho ho raha balke input + output ho k aa rha ha...why???

[@FaQu-u3v]

Draft submit kurdain phir completed task main us draft pur bar code aa jaye iiska matlub vo draft file hogaya hai kia sir thanks

[@faheempracticallearning]

Yes ok

[@FaQu-u3v]

@@faheempracticallearning Thanks sir 🙂👍

[@nailagul5651]

Respected, Apart from the topic, I've a query. I'm a teacher and do board duty too. I've mentioned this board income in Business tab under head of Other Revenue as well as in Fix and final tab under head 11% service. Now Iris is demanding mention of a business sector before submission of return. Kindly guide how to deal it. Regards

[@faheempracticallearning]

it is not final tax, it mimimum tax

[@mirzaali9374]

Sir 4 years ki return Mai ager file kar deta ho Jo pending Hain toh late filling par 182 ka auto notice must aye ga na sir?

[@faheempracticallearning]

if really needed, you can file,

[@mirzaali9374]

@@faheempracticallearning sir maiene kaha ke notices aye hain 114 ke toh ager return file karta ho to 182 ke notices must ayen gye ab?

[@mirzaali9374]

Faheem bhai maine ntn bnaya and notices be aye hain .itni tention mai rehta ho ke ap ko kia btao .dil karta hai ke apna khatma kar lo

[@faheempracticallearning]

which issue?

[@mirzaali9374]

Ntn ki waja se .notices aye hoye Hain and gar walo ko be pta nai.father ne bohat gusaa hona and Marna be hai.onke paiso par he pal Raha ho .pochty hain Kiya issue hai par nai btata.yahi khoof rehta hai ke ab return Mai kia show karo zero karo ga toh department pochy ga kaisy expense meet karty ho and ager family member ka bataya toh kahen gye onki return wo toh ntn holder nai.is waja se Dil bardashta ho kar aisa keh Raha ho 😭​@@faheempracticallearning

[@MysteryMovies]

mey ney ap ki video pori dehki hey lakin smj ni aea rehi , Mey ney apni mama keo 76 lahk deye teay aj sy 1 saal phly jin sy wo saving account mey profit lay rehi hany.Ager mey onhany filer kerno tu koi issue tu ni heo ga .mey ney payment cheque kayz zareye transfer ki tei on kay account mey . mey fielr ni heno Matlab kay koi issue ni heo ga ager hum gift mey show kerny amount jeo cheque sy transfer ki hey. Mey ney suna hey deny wala b filer hona cheye but kuch kehty zarori ni mey canfuse heno please guide ker dany .

[@faheempracticallearning]

No issue

[@MysteryMovies]

​@@faheempracticallearning bhi, Mey ney suna hey gift deny wala b filer hona cheye but kuch expert kehty zarori ni mey canfuse heno . mey filer ni heno koi issue tu ni heo ga payment mey ney cheqe sy transfer ki hey . please guide ker dany

[@NoorMuhammad-i7z]

A.a sir M a salaried person..or mery husband saudia ma hoty han...kbi kbhar wo mjhy kch amount send krty han....to kia ma apni return ma salary k ilawa foreign transactions b add krn gi?

[@smarttax277]

Yes ap foreign income b add krne ge. Jo taxable amount ni hugi

[@khalidjahmad7015]

If fair market price of property reduced, can we take it loss in wealth

[@faheempracticallearning]

No, wealth we can't change, until saleout

[@danishaali4359]

Assalamo Alekum, sir 2022 December mein mery father NY 1 plot mery name kia tha, jis ki gift deed mery pas hai aur mein filer hon, but mery father ka ntn. Nhi bana hoa tha ,but unhon NY mery name plot kardia aur gift deed bhi sign kardi thi, is k 3 maheny bad march 2023 mein mery father ka intiqal ho gaya. Mery pas sirf gift deed hai , is per kia mamla hoga , kia FBR is ko gift consider kary ga?? Pls guide me

[@smilekitchenofficial]

Ap isko inheritance main show ker dain ...baqi sir faheem will guide u better

[@FarwaRana]

Respected Sir! Kindly explain how to calculate fixed and final tax also minmum difference tax in reconciliation tab where Chargeable tax is sum of normal income tax, fixed or final tax and minimum difference tax. Sir normal income tax we can calculate according to slab rate but fixed or final tax and minimum difference tax how to calculate? Kindly respond me here or if possible make a video on it.

[@faheempracticallearning]

Already have pls watch same named lecture

[@FarwaRana]

@@faheempracticallearning sir I watched your fixed, final and adjustable tax video but sir here I'm asking about IRIS reconciliation tab where an amount of fixed or final and minimum difference tax is shown also these amounts with addition of normal income tax make an amount for tax chargeable.

[@irfanuddinkpk]

AoA Kindly explain a situation where a person gets two salaries from different companies, one is BTL and one is taxable, how to report these amounts a gross salary

[@faheempracticallearning]

Both received amount will be reported under salary head

[@irfanuddinkpk]

@@faheempracticallearning to more specific situation let say Mr A received annual salary 700,000 from Company and also reciceved annual salary 500,000 from Company y, the later accompany didn't deduct tax on 500,000 being BTL, filling his return we will report both salaries 1,200,000, my question is will he entered Rs 500,000 as exempt amount next to gross amount column in iris

[@faheempracticallearning]

@@irfanuddinkpk no gross salary is taxable, remining need to pay with tax return

[@irfanuddinkpk]

@@faheempracticallearning thnx

[@faheempracticallearning]

@@irfanuddinkpk 👍 👍

[@FaQu-u3v]

Yani return bhurdi hai tou shukur karen nahi bhuri tou fikur karen 🤔🤣

[@faheempracticallearning]

👍

[@FaQu-u3v]

@@faheempracticallearning 🙂

[@AbdullahAbdullah01]

Ap ko logoon ko drany ky ilwah behi koi kaam hai

[@faheempracticallearning]

This is law, we need to know, if making compliance, thn no issue for this, but at least we need to know 😔