Foreign Remittance Declaration Issues in Income Tax Return

[@zeejay2039]

Jazak Allah sir , keep updating us with such amazing content

[@taxationistcorporateconsultant]

Thanks 😊

[@Vincenzo-sg3ok]

Agr client payment send kre foreign country se or phr kuch din bad report kr de tu account block hoga ya phr koi law apply hota h?

[@nosstudio5491]

I don't have a certificate from PSEB how can i get a tax credit. All of my earnings are from Google adsense and Facebook audience network. Please help me

[@MuhammadYaseenKhalid]

sir aap ne jo secomd example js ma next year 30k usd ka increase arha ha... I want to ask kia 2021 wala 30k usd june 2021 k state bank k rate py len gy? and previous 100k usd june 2020 k purany rate py hi rahe ga??

[@shahidabbas5603]

Wealth statement mai inflows mai likhain gay. Ager agay kharch kr diye hon to wo kaisay likhay gay, means out flow mai

[@nasiritax3665]

Very informative video

[@taxationistcorporateconsultant]

Thanks.

[@72alihassan]

My brother har maheena apni Dubai sy salary mery Pak account me send krta he. Me withdraw kr KY un ki spouse KY hawaly kr deta hoo. Kya is condition me bhi me apni return ki wealth statment me is remittance ka likhan zroori he

[@SJK416]

In my client account, foreign fund credited 16L per Annum.can we file in ITR 4 sec or any penalty problem will arise? That 16L was send by son for his father's needs.

[@khalidmunirhassan229]

السلامُ علیکم ورحمتہ اللّٰہ وبرکاتہ، محترم سر، کیا فارن ریمٹنس کو صرف ریکونسیلیشن میں فارن ریمٹنس میں دیکھائیں گے اوپر ریٹرن میں (other source)ادھر سورس میں( other receipt) ادھر رسیپٹ میں نہیں دیکھائیں گے فار سیلریڈ پرسن کیونکہ اسکے اکاؤنٹ میں آئیں ھیں اور وہ وصولیاں سیلری کے علاوہ بنک سٹیٹمنٹ میں شو ھو رھی ھیں ، برائے مہربانی رھنمائی فرما دیں جزاک اللّٰہ خیرا

[@ishtiaqhussain4635]

Excellent effort sir.

[@taxationistcorporateconsultant]

Thanks Sir, Means alot..

[@asadullahpanhwar7447]

sir income meine khud apne account mein dollar mein daali hai to hum kese enter karein phir return mein ? Kya dollar ko rupees mein convert karke likhein ?

[@expert.taxsolutions]

Sir foreign Remittance more than 5 million me hume documentation me kia proof rkhna chaye apne pas. Advance thanks for your kind guideline

[@taxationistcorporateconsultant]

Reason for sending, Relationship with sender, FRCs, Bank Statement

[@shahzadqurashi3942]

آپ کے بقول کسی رشتہ دار نے پیسے بھیجے تو وہ Assests میں دکھانا ہے مگر کس کالم اور code پر۔دوسرے یہ کہ لازمی طور پر Inflows میں بھی دکھانا ہوگا تو کس کالم اور code پر دکھانا ہوگا۔شکریہ

[@m.shoaibmalik9083]

Sir asset outside Pakistan jo hongy wo reconciliation k wqt kaha show kren., ? Let suppose saudi k bank m 20000 riyal paren hain tu wo asset outisde Pakistan ho gae, unko agr asset m show krty hain tu reconciliation ma msla ata h

[@kashifdhedhi9264]

Kia 5 million sai kam blood relation kei baghair mangwa saktei hei , dost ya kisi aur sai

[@P4Passions]

i am govt employee and received scholarship amount in my account from an italian University, where to show this amount nearly 5 lac PKR , please guide

[@talhaahmad2989]

If person work abroad and earns salary and send some amount to his bank account in pakistan will whole salary amount should be written in foreign salary tab or amount that he send to his bank account in given tax year?

[@taxationistcorporateconsultant]

Better to show whole..

[@saddamhussain8400]

What if he is non resident will this foreign income exempt?

[@syedhussain980]

if a person is non resident and getting 2 million annually salary abroad. He send 1 million from his own account abroad through banking chanel in his RDA and remaining 1 million he spent abroad. what will be foreign source of income 1 million ( which he sent from his personal account abroad to personal account in RDA) or 2 million? I dont think so that he has to describe 1 million in foreign remittance tab in wealth statement. pls confirm. Thank u

[@taxationistcorporateconsultant]

Non resident income from foreign not taxed at Pak.

[@saahircheema8363]

Your status in non resident you not need to pay tax in pak.. However amount you send in pak will called forign remittance...

[@AhmadKhayyam]

Sir ik non resident apne Roshan Digital account aur apne Pakistani account main dalta hai tu un peson ki treatment kia ho gi.

[@taxationistcorporateconsultant]

Profit on debt

[@majidsana4048]

How to treat foreign income? Generated by a SMC-PVT LTD by providing IT enabled services like BPO services? Is it taxable ? Here in Pakistan?

[@taxationistcorporateconsultant]

See videos on IT Taxation available on the channel.

[@majidsana4048]

@@taxationistcorporateconsultant can you share link here ? Please!

[@taxationistcorporateconsultant]

kzbin.info/www/bejne/j6DQiZqGr9iGqpI

[@humayunnazir3248]

Overseas when they repatriate amount from Roshan digital account,how to add that repatriation amount in file return please guide us

[@abdulwahabkhilji5987]

A.O.A SIR NICE INFORMATIVE VIDEOS sir please make an new informative video about new amendment in budget 2023-24. "Enhancement of monetary limit of foreign remittance remitted from outside Pakistan from five million rupees to rupee equivalent of USD 100,000 for the purpose of section 111(4) which places bar on asking nature and source of unexplained income/assets."

[@muhammadzakir7711]

Highly recommended video to be made

[@SalmanKhan-pk5wo]

Agar relatives bahar se PKR send karain to kia foreign remittance consider ki jaaye gi?

[@taxationistcorporateconsultant]

i think not..

[@rizwanislam409]

RDA Balances details need to be declare in returns

[@AqeelsLifeLens]

If someone is giving services from Pakistan to a foreign company and he gets money for that on monthly basis. Will it be foreign income or remittance? And if it's foreign income how much will be the Tax?

[@taxationistcorporateconsultant]

Export of Services..

[@saahircheema8363]

This will be your forign source income, it will be added to total taxable income.. and if you apisd tax against it you will get tax credit on it

[@hurrainshah8888]

Sir mujy foreign remittance (brother) jo paisy send krta hai wo 5 million sy kaam hai but phr b FBR ki trf sy msg aya hai jo k ye hai tu kia ap guide kr skty hain? Dear Taxpayer, please file your Income Tax Return for FY-2024 at the earliest. The last date to file return is 30th September, 2024 which will not be extended.

[@fistaazi7629]

ap filer ho just ya poch raha ka ap income tax report karain ya message sab filer ko ata ha

[@gamereview1831]

Sir what action does FBR take if the filled return is sent back for revision but it's not edited in the due time ??

[@taxationistcorporateconsultant]

Could be revise via Commissioner Approval

[@skabentertainment1763]

Foreign se social security fund milta ha low income wale ko us remittance me tax lage ga

[@AzherMir]

Foreign income py Pakistan mae tax dyna hoga?

[@shahidnadeem7913]

Sir, my friend in USA owe $50,000 as a personal loan and he want to send this amount in my Pakistani personal account, kindly advise what reason in wire he'll use and should he send all $50,000 once or send total amount in small instalments, thanks.

[@taxationistcorporateconsultant]

Single tracsation is acceptable is loan was documented.

[@muhammadrizwan4279]

Ask him to send him in 2 instalments landing in 2 financial year if you can wait.

[@turningpoint7086]

AoA Sir my brother send me foreign remittance.. Im filer, and I want to file it through " asaan tax" application but there is no option in it how can i file any easy way. Thanks

[@4556031]

Non resident pakistani earn salary income abroad and send money from his own account in abroad to his own account in pakistan. Where this will be presented in return

[@taxationistcorporateconsultant]

Foreign Income.

[@zahidferoze9274]

Sir Where to write bank profit

[@hamzafarooq1109]

Mera Bhai sirf ik bat BATA do KZbin ki paisay personal account me mangwaye Yan company bana k us account me mangwaye pls Bhai koi b guide krdo pls

[@kashif321321]

Good , but incomplete information.

[@taxationistcorporateconsultant]

Kindly elaborate the incomplete info??

[@kashif321321]

@@taxationistcorporateconsultant can you send ur whatsapp num inbox , so that views can be exchange. Because foreign income is a lengthy subject , not easy as you tell in one minute, it attracts various sections , int agreements and SOP,s

[@iftinasir]

What if the FR is more than 5 million?

[@taxationistcorporateconsultant]

Still remained Exempted, but FBR Could ask about the sources

[@iamthedaddy]

@@taxationistcorporateconsultant but above 5 million the sources are not asked😃😃

[@arbidigitalworld]

اسلام علیکم ۔ سر۔ ایسی گھریلو خواتین جن کے خاوند باہر کے ملک سے انکے بنک اکاؤنٹ میں پیسے بھیجتے ہیں ۔۔۔ ان کا اپنا کو بھی آمدنی کا ذریعہ نہیں ہے ۔۔ ایسی خواتین کی فائیل ریٹرن کرنے کا طریقہ کیا ہو گا ۔۔۔۔

[@m.shoaibmalik9083]

Sir asset outside Pakistan jo hongy wo reconciliation k wqt kaha show kren., ? Let suppose saudi k bank m 20000 riyal paren hain tu wo asset outisde Pakistan ho gae, unko agr asset m show krty hain tu reconciliation ma msla ata h