How to file Income Tax Return of Property Owner | Capital Gain Tax | Adjustment of 236 C | 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/92300757...
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

[@gillyk3466]

Thank you very much, sir. Nowadays, I'm working on the same topic, and when I asked my seniors and auditors, they didn't provide clear guidance. Your video has been incredibly helpful. Thank you.

[@faheempracticallearning]

👍

[@ayazmehmood897]

Some person shows this capital gain in moveable property (reconciliation tab)

[@faheempracticallearning]

@@ayazmehmood897 already need to report in 114 form

[@motions7256]

sir you are always helpful for me in all matters relating to tax

[@faheempracticallearning]

👍

[@faryadhussain-o9i]

Good Sir and Please clear the entry in Capital Asset in Tax chargeable/Payments section

[@muhammadimran-hr9bc]

Jazzak Allah ❤

[@tayyabfsd12345]

Salam brother..I really appreciate ur effort ..u r providing gr8 knowledge..stay blessed...I have recommended many of my friends to subscribe ur channel..regards AMER ❤❤❤❤❤❤

[@faheempracticallearning]

❤️

[@rizwanwaheed3073]

thank you

[@haseeb2910]

At what value (zero, cost or as per FBR valuation table) is property inherited by an individual incorporated in the wealth statement after 30th June, 2024, and used as the basis for Capital Gains Tax calculations ?

[@muhammadalamgirnbp]

Please make a video on property transfers by gift. A specimen of Gift deed. What is the difference between gift and hiba

[@khurramnaik5097]

Very comprehensive. Need to fill up the share trading. How to show entries in the return for capital gain during 2023 with carry forward losses of past years. Thanks

[@faheempracticallearning]

Carry forward not adjusted

[@khurramnaik5097]

@@faheempracticallearning carry forward relating to sale of shares from past three years. Thanks

[@faheempracticallearning]

@@khurramnaik5097 check relevant lecture

[@hanifshaikh-w9u]

Insurance policy show in previous return now mature in this year and earn additional amount in which tab gain show in current return

[@faheempracticallearning]

Report in other, in wealth,

[@Multivibez]

Great Info Sir : Sale and Purchase of Gold per video upload karain Please

[@faheempracticallearning]

Watch gold lecture

[@zainulabideen5610]

Can advance Tax paid under Section 236C be carried forward to the next financial year for adjustment again CGT while computing final tax in FTR? Scenario: For any reason the property sale hadn’t been reported in the current FY but advance Tax had been paid U/S 236C and reported in the current year’s tax return as well. Please share your opinion in the matter. JazakAllah.

[@m.bilalyasir5517]

Sir agar ek agricultural land 1 year k time par sale kre, ar byana wasool kia ho sirf, uska tax kesay pay hoga, q k abi koi property transfer nhi hoi owner k name se. Q k assets me wo pehlay declare b nhi ki hoi land. Kindly guide.

[@NazarFaridRana-ds4rb]

Agricultural property sale karney par bhee yeh capital gain tax deyna hoga.

[@mustansirujjain]

Goodwill property ka treatment kya hai? because a huge amount is paid as an advance which is equivalent to the ownership value

[@sahmad9910]

Next how to show inheritance in tax return please.

[@haroonurrashid]

Yes, a very important question. Please mention link if already discussed In any lecture

[@asim7616]

AOA, What’s about taxable income. For constructed property, if sold after one year to two years, taxable income will be 75% of the total gain. Is this correct. Other than this missing point, your video is excellent.

[@faheempracticallearning]

Watch lecture of constructed property, covered in that lecture

[@SFclothes]

Sir property 2003 may purchase ki thi Lahore may ab sale kerni hy tu kya tax dyna hoga guied me

[@mhsangi]

Adjustable tax m "Sale/ transfer of immovable property 236c" disable q hai? Aur ab Input kese karen Plz guide

[@BK69XXX]

ASA sir hum nai islamabad mai flat purchase kia tha, since we are from gilgit vaha tax ni hota therefore hum nonfiler thai, iska idea b ni tha, bus agent nai bola k filerban jao to tax kam lagaiga. agent nai kissi advocate k through filer bana dia tha for 20k fee and tax like 60k pay karna pada tha during the purchase. he also said k next year tax return hogi apko. kindly kia bata dai return hoti e tax and or filer bannai k bad kab tax adda karni hoti e. as mentioned we from gilgit, there we dont have tax system.

[@AshrifVoice4637]

Kehtay hn filer honay ka faida hy Yaha non filer surf 236c pay krta hy but no filer hy wo 236c k sath gain tax pay krta hy

[@muhammadrafique1048]

AOA, I purchased car but registered in the name of my son. Income taxes withheld on transfer are in the name of my son. Can I claim those taxes in my return, cause I showed the car in my Wealth statement as "Assets in other name' coloumn?

[@fragileheart9640]

Assalam Alaikum ! Have you prepared same case study for 2024 filing?

[@faheempracticallearning]

W.salam yes

[@fragileheart9640]

@faheempracticallearning couldn't find a link. Please help . Thanks

[@MuhammadAkram-hz8tb]

Nice video. How to report the sold plot in assets. At "Zero" or not to show?

[@faheempracticallearning]

If sold, thn also delete the property from wealth

[@sajidrasheedkianiadvocate]

آج کل Proper Filer اور Late Filer کا مسئلہ بھی چل رہا ہے تو کیا ایسا ممکن ہے کہ ایک Late Filer جو ہے اس کو Proper Filer کیا جاسکے؟

[@mishi-re9tz]

I had booked flat 8 lacs in back 2017 through instalments but didn't get possession and sold in 15 lacs... Do I need to pay tax ?

[@haroonurrashid]

Very important. Please mention the lecture if already answered

[@khalidlectionwasim8888]

اسلا م علیکم۔ محترم بھائ صا حب۔ ااگر ایک پراپرٹی ،خرید سے 6 سال بعد فروخت کی جاۓ تو اس پر گین ٹیکس لگے گا یا نھیں ؟؟؟جب کہ کیپیٹل گين ٹیکس زیرو ھے،تو پھر گين ٹیکس ،انکم ٹیکس کی ریٹرن مین کیسے ایڈجسٹ ھو گا ؟؟؟؟کيونکہ رجسٹری کے وقت گين ٹیکس 3% دینا ہی پڑتا ھے ،،،،جواب دیجۓ گا پلیز ،،،شکریہ

[@hanifshaikh-w9u]

In case loss on property how's file return

[@faheempracticallearning]

same process, report the loss in other, in reconciliation of form

[@Accountant2023]

Great video, if we paid tax on purchase and sold property on same year, then can we adjust our advance tax on purchase against capital gain tax liability?

[@faheempracticallearning]

Yes

[@Accountant2023]

@@faheempracticallearning Thank you جزاک اللہ و خیرا

[@Amir.Sohail397]

Ap ky lecture m clarity nhe hoti h koi na koi point hide hota h video esi honi chye jis me sary question clear hoty ho

[@faheempracticallearning]

watch all relevant lecture, in one lecture not possible to explain all, too long lecture.

[@ShakeelAhmad-mq9do]

Sir property no gain no loss per sale hu hat return may adjustable tax may 236 c ko jab enter kartay hain to return may refundable ki bajay chargeable may show hota hay?

[@faheempracticallearning]

Report in adjustable

[@ShakeelAhmad-mq9do]

Sir adjustable may hi report kia hai. Phir bhi computation main chargeable may show ho raha hai

[@sariaghani5685]

CAPITAL GAIN PAR JO TAX PAY KYA HAY WO PERSONAL EXPENSES BOX 7052(TAX, RATES) MEIN SHOW KAREIN GE......IS KE BAREY MEIN NAHI BATAYA

[@faheempracticallearning]

Watch capital gain tax, previous lectures

[@NaeemShaikh-b4l]

can you share a balance sheet for return

[@faheempracticallearning]

Yes sure

[@SuperLughmani]

Aoa Sir , income tax return portal mai code 3525 or 3526 ( add back tax gain on sale of assets) is ko explain ker dain

[@shafaqnaz9659]

Sir plz inherited plot ko sale kia us ka bhi bta day

[@faheempracticallearning]

Yes

[@mohsinhayat9606]

Salaam Fahim bhai. Bank records me filer show ho ga.? Me ek week pehly filer hua hon mgr bank record me abi tk non filer hn jab k fbr pe check krty hain to filer show hota hai

[@sheerazahmed2689]

If property purchased in 2006 of rs 2 millions now property mentioned in 2023 of Rs 2 million bcoz 1st time filing and then we will sale this property in Rupees 8million ,,so do we have to pay capital gain tax ?? As we are selling it after 15 years ?? Please explains.

[@makhdoom3190]

no gain tax after 6 years of purchase of open plot and after 4 years of constructed property

[@zahidthussain6997]

nice effort can u explain if a person bought plot and reflects in his previous return and later on during TY he construct a house or shops over there how the CAPITAL GAIN would be calculated as there are different rates for plots and constructed properties and can he adjust the amount of construction in previous value of plot ? there are some loops in your video kindly clear the same as well , thx stay blessed

[@sikandarraza7806]

Advance Tax Agar Kasi Non Filer Nay Pay Kar Dayya Ha Or Agar Filer Nay Beh Kar Dayya Ha Or Os Ka Apni Zati Gahar Ha To Woh Retire Banda Ha Woh Kayse Adjist Karey Ga Os Ko Sir Jab Kay Os Par 236 C Ya 236 K Ko Kayse Adjist Karey Ga Plz Help Me

[@MrLuckyali101]

Sir withholding period of property is still exist in 2024?

[@faheempracticallearning]

@@MrLuckyali101 yes till June 2024 available

[@MrLuckyali101]

@@faheempracticallearning many thanks sir

[@faheempracticallearning]

@@MrLuckyali101 👍

[@Ppscaspirant-k6d]

Sir mara Abu retired person hn or hmna gr kharida jisma 54000 tax return hoskta h ab hma salried person tax return form select krna h yh koi or zror btain plz

[@shafiqahmed5986]

میں پنشنر ھوں اور میں نے پلاٹ کا سودا طے کیا ہے پیمنٹ جولائی کے بعد ملے گی اور میں نان فائلر ھوں اس لیے گائیڈ کریں مہربانی ہوگی

[@imk7646]

Sir I have three questions I had refundable tax last year for which I claimed refund as per procedure and valid documents however no response has been received from FBR. how can I adjust same refundable tax in my TX returns of 2023 as I can't see any head in adjustable TX form of year 2023 2nd - I had a car which I sold on 10 lac profit how can I adjust that profit in my returns 3rd - I had a property file which I sold on some profit, will it be taxable and if so how can I adjust same profit Thx

[@faheempracticallearning]

Watch how to adjust refundable tax, lecture

[@faheempracticallearning]

Gain on personal car not taxable, report in others in reconciliation

[@faheempracticallearning]

Watch capital gain tax on property lecture

[@imk7646]

@@faheempracticallearning if I add In others it asks for tax on that amount How that is adjusted then (amount attributable to final/fixed tax??) Moreover will I also show this 10 lac on capital gain head also?

[@faheempracticallearning]

@@imk7646 no tax on car profit

[@absarahmed4833]

Non resident property sale Karen to return submit krna Hoga..?

[@faheempracticallearning]

Yes, to save tax 236k

[@imk7646]

Profit on Sale of gold and car will be covered in capital gain tax?

[@faheempracticallearning]

Gain on personal car, not taxable

[@imk7646]

​@@faheempracticallearningsir how can we adjust profit on sale then Please make a video I sold personal car on 10 lac profit how can I adjust my wealth statment

[@faheempracticallearning]

@@imk7646 watch lecture of gold recording

[@imk7646]

​@@faheempracticallearning gold is also not taxable??

[@syedqammarmohammad6993]

Sir, I purchased a plot for my brother and transferred to my name about 10 years back. Now, I want to transfer back to my brother, but the transferring society is asking for 3% advance tax. Why should I pay this tax if it is purchased more than 6 years? As you mentioned, there is no gain tax after 6 years. Thanks.

[@TechaGrid]

Rule is changed... now you have to pay tax if rate is moe than 5 million.

[@skinhealthvitality5959]

Excel file tu share karain

[@miansaeed2001]

جس فیملی ممبر سے قرض( loan) لیں اسکاNTN) filler ) ھونا لازمی ھے؟

[@faheempracticallearning]

Yes, also through banking channel

[@miansaeed2001]

@@faheempracticallearning section kia hai ?

[@faheempracticallearning]

Read gift details, further it is follow in person and practical, later it will create issues, better to follow banking channel

[@miansaeed2001]

@faheempracticallearning The banking channel is fine, should the loan be filed or not? Section?

[@faheempracticallearning]

@@miansaeed2001 my suggestion if amount big must be file, as a reasonable practice, otherwise department will also issue notice to that person

[@generalone1794]

Please share this excel sheet to me plz

[@sohailzafar6051]

اگر آپ کو وراثت میں کچھ ملتا ھے مثلا 10کنال اپنے اس میں سے 5کنال مارکیٹ ریٹ پر بھیچ دی 2019میں رجسٹری کے وقت اس پر کوئ ٹیکس نہیںں دیا کیونکہ وراثت بیچنے پر کوئ ٹیکس نہیں تھا تو اس پر اب کونسا ٹیکس لاگو ھو گا۔اور ریٹرن میں اس کو کیسے شو کریں گے۔۔