How to get Exemption Certificate | What is the Purpose | Document Required for Certificate |

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Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
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
#saletaxincometax

[@muhammadamjadnadeem9345]

very informative

[@faheempracticallearning]

👍

[@MuhammadAli-tu9bi]

Well explained sir... Alaww.👍

[@faheempracticallearning]

👍

[@hassaanahmedansari6510]

Thanks for the information. Would like to ask about the possibility of exemption certificate in case of service organization, and any critical point to be kept in mind while applying for the same. Further, it would be nice if exemption request in case of funds be briefed in next video.

[@faheempracticallearning]

As mentioned in lecture, only manufacture can get this.

[@ranababar9682]

​@@faheempracticallearningin AOP case, ecemption certificate can claim??

[@adilumardotcom]

upload more video related to this topic please

[@faheempracticallearning]

Sure

[@explorewithjawadahmad5911]

JazakAllah sir for sharing such quality knowledge ,kindly specify is there any time limit for tax exemption certificate applicability?? Means ketne time ke leye ek tax exemption certificate apllicable hota hai?or kya humme har saal new exemption certificate lena hota hai yaa ek hee chalta rahee gaa Thanks

[@MuhammadAli-tu9bi]

It is issued twice a year... From july to dec and from jan to june.

[@faheempracticallearning]

Normally July to Dec and thn Jan to June, but in some cases quarterly

[@MuhammadAli-tu9bi]

Sir more than 6 months kis ko issue hta hy? Koi specific type hy?

[@faheempracticallearning]

@@MuhammadAli-tu9bi previous, call centre business have this option, but now maximum six months.

[@saminaali2263]

Dear sir cosmetics per ek fixed GST lagta ha usko video to bnae

[@shafazonger]

Assalam o Alaikum Bhai, kindly bta sakty hen k club membership/subscription fee sales tax exempted ha??

[@faheempracticallearning]

W.salam no asked them to share invoice

[@kamranbaig3102]

Sir Kya koi bewa aurat Jo k non filer hai wo Walid ki wafat k BAAd milnay wali apni wrasti property sale krtay huway 236C say exemption hasil kr sakti hai?

[@faheempracticallearning]

Previously it was available

[@imranghafoor2911]

If a company get an exemption certificate on 30 march 2023 for the period jan 23 to june 23. And the purchaser has not yet deposit the withholding tax amount for payments made in feb 23 and march 23. Now should the purchaser deposit the withholding tax amount to fbr or not. Please advise

[@MuhammadAli-tu9bi]

Yes. Exemption is considered from date of issuance of certificate. The period between expiry of previous certificate and new one is not considered for expemption.

[@imranghafoor2911]

@@MuhammadAli-tu9bi thank you

[@faheempracticallearning]

Withholding depand on transection date, if on that date, exemption available then, ok otherwise need to deduct. Pls note here transection date means, when actual payment deduct from your bank.