How to Prepare Balance Sheet | Remember Five Points | Assets not Part of Capital | Careful | 🔥 📙 |

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 Balance sheet excel file
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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

[@sajidmajeed77]

Bundle of thanks Sir,

[@faheempracticallearning]

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[@ahsanlive]

This is the best and most informative videos, I really appreciate you Sir for your nice tutorial videos. Thank You Sir.

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[@hubdarhussain5206]

Masha Allah good effort Sir... very informative

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[@Learnwithyasir]

Very helpful sir. Thanks

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[@samiraimran2489]

Bundle of thanks for your information bro

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[@adeelgoharshaheen9667]

Please share sheet​@@faheempracticallearning

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[@NomanAli-ks9ph]

very informative i learnt more

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[@raziuddin4516]

Very good lecture, fahim bahi.

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[@786saf1]

Nice info sir

[@malikshahbaz385]

Jazakallah sir

[@faheempracticallearning]

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[@ziacompany8023]

first of all I appreciate your efforts! there are most of the commercial exporters who have also registered in sales tax. kindly guide how they file balance sheet in this scenario?

[@faheempracticallearning]

Yes need to prepare, and report same method

[@RocketTradersGroup]

Many Thanks Faheem sb

[@faheempracticallearning]

👍

[@AR_Gaming776]

very informative 👍

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[@kamrankhanshairani5203]

Very good effort

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[@Primex7edits]

Very expert bhai

[@faheempracticallearning]

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[@rizwanchandiwala]

All of your lectures are highly commendable and very helpful to enhance the understandings about book keeping and compliances May i request you to please share this excel file ?

[@faheempracticallearning]

Share msg on link, available in description box

[@TahImran]

JazakAllah Sir, Please advise how commission income will report, bcz Sale and Purchase are same and our principle grant rebate after deduction of Income tax u/s 233.

[@zakirkashmiri]

very informative. sir we are Services provider. We have not deal item (Purchase, Sale or Stock) Just service providing. So How i can submit sale tax return? Please make a video for service provider. We will be very thankful to you for this kindness.

[@khurramyounus7976]

Good

[@faheempracticallearning]

👍

[@amirsajjad8976]

Assalam-o-Alaikum. Respected Sir, please advise.The amount obtained from the sale of assets is used to pay the company's liabilities and to promote the business. Such amount is categorized either under the capital head of accounts or as revenue reserves.

[@faheempracticallearning]

Follow double entry,

[@fouzim7133]

Dear Sir, what will be the capital when a person gets advance payment against the order and uses that money to procure the 'Goods" and once "goods" are received he delivers them to buyer and just keep his profit?

[@faheempracticallearning]

Prepare, proper balance sheet, by adding same amout as payable, as advance from customers

[@fouzim7133]

@@faheempracticallearning and what will be my "capital" which I need to show in balance sheet which should also address the 5 time rule also

[@faheempracticallearning]

@fouzim7133 how much invested is capital, it technical part, better to contact on this number to get more details 03007574731

[@shariqsiddiquis2326]

Sir we are small trader and our all business purchases is on cash / unofficial so hum Profit & loss me purchases kase declare kare.

[@faheempracticallearning]

click on the link available in description box, for further details

[@ghulamfarid2771]

Assalamu Alaikum. sir, please guide us If the party was filing zero-rated returns for last 2 years and has no business, can the balance sheet sub-blocks file be zero zero or not ?

[@muhammadnoman2993]

Agar koi null return jama karaha since 1 year se to use balance sheet jama karani hogi?

[@faheempracticallearning]

Yes also need to report

[@salmansehgal4369]

Sir due to lack of knowledge i have not submit the balance sheet uptill now. Can i submit after eid? Koi issue to nai?

[@faheempracticallearning]

Yes ok, no issue

[@AmazingVideos-rr2wp]

Salam sir can you please confirm for which month we need to submit this balance sheet. Can we submit as of 30 June 2023 (as in IT return) or we need to submit for March 2024?

[@faheempracticallearning]

Yes ok

[@javedsaleem8704]

Service tax return on SRB PORTAL submitted & accepted but IRIS is asking to submit BS. Why SRB accepted returns? Thanks.

[@faheempracticallearning]

This rules is for federal

[@mazharhussain1980]

22:13 ​@@faheempracticallearning

[@art.ist_rules_]

In SRO 350 there have been mentioned that "a balance sheet indicating the amount of business capital with corresponding assets in the bank "(It means only bank balance or another thing plz explain)

[@faheempracticallearning]

Pls watch lecture of balance sheet I have explained in details

[@abdulsamad-zj2zj]

Which date balance sheet is required by FBR? Guide plz

[@AfzalAli-pi7lc]

AOA please confirm agar koi compnay ( Services & Sales Tax ) donun me registered hai.. and Sale & Purchase & with Services bi provide kar rahe hain.. unki Balanec Sheet kis format pe banegi. . . ?

[@faheempracticallearning]

Yes same format

[@shamsraza1314]

Sir, please mention Excel sheet link

[@muhammadjunaid8694]

Ehad sukuk per jo individual or AOP ke lye 1 million ki limit annual hai ya point of payment?

[@faheempracticallearning]

?

[@S.k.Baloch]

Jb hum "Nill" ki sales tax return krty Hain to balance sheet bhi zero ki karen gy

[@tariqhassan387]

Exporter B file keray Gay .... Can i get these excel sheets

[@faheempracticallearning]

Yes click on link, available in description box

[@muhammadazam6879]

​@@faheempracticallearningPlz share format

[@faheempracticallearning]

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[@AbdulShakoor-wy4ml]

Required balance sheet format please

[@faheempracticallearning]

share msg on link

[@rashiddar6655]

Please share format of balance sheet

[@faheempracticallearning]

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[@azibanwar6503]

Bhai Balance sheet submit nahi ho rahi error bta raha hai attach balance sheet despite balance sheet already attached

[@faheempracticallearning]

After approval, fbr officer will approve

[@rashiddar6655]

Balance sheet monthly report Karyn Han

[@faheempracticallearning]

one time

[@sanamramay]

sir, please share the balance sheet formate link

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[@sanamramay]

@@faheempracticallearning sir plz balance sheet format share kar dean

[@iamnaveedmughal]

Sir plz share excel link

[@faheempracticallearning]

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[@faisalnaveed2805]

WHERE IS YOUR OFFICE FOR TAX RETURNS AND PHONE NUMBER

[@faheempracticallearning]

0300-7574731 for further details

[@Muslimmemon]

Sir plz share excel file for balance sheet

[@kaleemkhan-nv3uz]

sir meri sales tax return null hoti hy us ki balance sheet kese ho gi

[@faheempracticallearning]

Yes

[@kaleemkhan-nv3uz]

@@faheempracticallearning sir null ki balance sheet kese bane gi . please thora hint de den

[@AR_Gaming776]

please share the balance sheet link or excel sheet

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[@naveedbinshakil2402]

Excel plz sir

[@kunvarusama2988]

Excel sheet link sir

[@786saf1]

Kindly Share the Excel sheet

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[@NawazAli-bo8kq]

Excel sheet plz

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[@user-vo3sk8sp9l]

Excuse me sir can you please forward this excel sheet.

[@faheempracticallearning]

Share msg on link

[@MuhammadAmin-ji3qr]

Balance sheet submit karne k baad abhi tuk accept nahi horaha. Ab kya karey ?

[@faheempracticallearning]

Which error?

[@MuhammadAmin-ji3qr]

@@faheempracticallearning You have not provided your balance sheet u/r 5(2)(f). Please add the balance sheet or submit a request to your commissioner for approval.

[@MuhammadAmin-ji3qr]

I have submitted the balance sheet

[@faheempracticallearning]

@@MuhammadAmin-ji3qr 👍

[@MuhammadAmin-ji3qr]

@@faheempracticallearning When will the commissioner give approval?

[@anwarhussain872]

Cost is only purchase of goods

[@faheempracticallearning]

Follow formula,

[@turabassociates4140]

Sir, drawing kia taxable income hai?

[@faheempracticallearning]

No, because on profit already tax paid

[@saifbaloch8812]

Agar koi null return jama karaha since 1 year se to use balance sheet jama karani hogi?

[@usmannaseer3145]

Sir Please Share Excel file....

[@faheempracticallearning]

share msg on link

[@anwarhussain872]

Kindly send the format of balance sheet

[@faheempracticallearning]

Share msg on link

[@usmannaseer3145]

Please share Excel file​@@faheempracticallearning

[@BilalQureshi-jo7dq]

Bhai Sheet Chaiye yeh wali

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[@amjadshahzad6401]

Please send sheet

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[@shahcompany1976]

Please share EXCEL FORMAT link

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[@kunvarlawassociates]

Send

[@faheempracticallearning]

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[@muhammadfurqanali1578]

Please send me excel file

[@faheempracticallearning]

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[@SalmanFarooq-hf9ij]

What is your face book group name? can I join it

[@faheempracticallearning]

Taxation system in pakistan

[@maamerkhalid]

Sir plz share excel file for balance sheet

[@faheempracticallearning]

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[@maamerkhalid]

received! thanks sir!

[@faheempracticallearning]

@@maamerkhalid 👍

[@tahanadeem5753]

​@@faheempracticallearningpls share balance sheet

[@sajjadawan6693]

​@@faheempracticallearning sir plz share excel sheet