Income Tax Return Filing of Company | Attributable Income | Difference of Minimum Tax Chargeable |

• SALE TAX AND INCOME TA...
Watch this demo video before class
/ practicallearninghouse
Like this page for future tax updates
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
#Sale tax#Income tax#, Practical Learning house, Taxation of Pakistan, Taxation of Pakistan, FBR, IRIS, Tax of Pakistan,

[@Technotainmen]

Excellent Bro. Educated people are proud of Pakistan.

[@faheempracticallearning]

@@Technotainmen 👍

[@aliyanauman2132]

Excellent Explanation

[@SuperEvo1990]

brilliant, god bless you. for being passionate about your profession.

[@faheempracticallearning]

👍

[@haroonrashid8364]

Very very informative. Always your fan dear. Allah bless u many more

[@muhammadimran-hr9bc]

Jazzak Allaj sir

[@NoorMuhammad-xl4ow]

Very technical point ❤️

[@user-qd9nb8yb5f]

Good information

[@faheempracticallearning]

👍

[@muhammedhussain4371]

Jazak Allah

[@safdercma2957]

Very brief and informative video. You had not disscus the adjustment of income/ loss of previous years as mentioned in working as Rs.1227,914/-. Please clarify

[@faheempracticallearning]

Already have lecture, on this topic, check lecture

[@TalalHassan-zq6oi]

Thank you very much I was looking for this one. One question can we mention the minimum relating income in the second column of return (Fixed/Exempt) to avoid this iris calculation?.

[@faheempracticallearning]

No, because in that option only written, final /exempt

[@mazharnaeem4782]

Aoa, Dear Sir, At first thank you so very much for this act of kindness (helping others), Secondly I have a small query kindly answer if Possible, As per Amended Division II (Rate of Tax for Companies) Part-I of First Schedule Income Tax Ordinance 2001, Rate of Tax for Small Company is 20% & as Per Sub Section (59AB) of Section 2 of the Ordinance Which says “Small Company” means a company registered on or after the first day of July, 2005, under the 5[Companies Act, 2017 (XIX of 2017)], which,- (i) has paid up capital plus undistributed reserves not exceeding [fifty] million rupees; ii) has employees not exceeding two hundred and fifty any time during the year;] (iii) has annual turnover not exceeding two hundred and fifty million rupees; So if A Company doesn't exceeds any of the above mentioned clause (Currently & as well in previous years), will that company be able to adopt Small Company Rate of Tax (20%) directly or Registration with SMEDA is necessary to avail that rate. Kindly Advice. Regards

[@syedabbas9083]

sir company owner ki individual return kese file ho gi jo apni company se just profit leta hay

[@faheempracticallearning]

watch lecture, how to file annual tax return

[@kamransajjad308]

Brilliantly Explained Sir, Where would we find excel series of Financial Statements sir?

[@faheempracticallearning]

@@kamransajjad308 👍

[@muhammadkhalidkhanizaman5826]

29% minuma and ACT 17% ADJUSTMENT MINUMAM TAX ? Provious balance 300,156,000 ?

[@faheempracticallearning]

Not get your point, what you want to ask?

[@faheemshaikh3473]

How to put values on depreciation tab? There is big change on it i.e. 30-06-2020

[@saadnawaz5322]

Hey I just watched your video? Want to diacuss the difference of minimun tax point. Up for a discussion?

[@muhammadazamfarooq6648]

Under what rule or section, we calculate attributable taxable income or attributable tax on taxable income... I am searching for specific provision...? Secondly, in case the IRIS is showing minimum tax, you have mentioned to put the value in tax credit.. Sir against which tax credit?

[@naveediqbal6015]

Assalamoalaikum Apko Excel sheet ka link bhi dena chahye. Sheet nazar nahi aati

[@faheempracticallearning]

W.salam yes sure.

[@officeusersguide7970]

How to compliance sec 165(8) reconciliation between withholding statement and annual accounts

[@faheempracticallearning]

Prepare data, as required by officer match and each head

[@officeusersguide7970]

@@faheempracticallearning How to e-file with return as required by law,

[@officeusersguide7970]

Because statement u/s 165(8) still not available in IRIS

[@faheempracticallearning]

@@officeusersguide7970 check lecture already explained

[@mehtabhussain4366]

@@faheempracticallearning please provide link of the video for statement u/s 165(8) to be e filed

[@anisqureshi881]

Sir, what if an individual have several sources of income, such as salary and service income. Assume that salary is 75% or more so salary tax slab is applicable. Salary goes in salary tab, service income goes in business. But there is a minimum tax of 10% on service. There is always a difference of minimum tax chargeable, so I increase the business/service expenses to tackle that difference, is it the right approach or should i use tax credit to remove the difference?

[@faheempracticallearning]

i think already have lecture on this topic

[@faheempracticallearning]

check channel

[@anisqureshi881]

Ok Sir

[@tayyabsultan189]

Turnover tax total revenue py ni lagyga? Phr compare kiya jayga ?

[@irfanmutto5667]

A.O.A SIR KINDLY YA JO FILES AP NA BANI HA KAYA YA MILL SAKTI HA

[@user-vo2bh4ii8u]

Can we put the difference of minimum tax chargeable in tax credit in case of normal individuals or Aop other then listen companies?

[@faheempracticallearning]

No, if actually payable, thn need to pay

[@user-vo2bh4ii8u]

Sir I am a government supplier . 25 % sales 153(1)(a) deducted on it ....75% retail sale Net sale lower then 90 million What most of the ammount go in difference of minimum tax chargeable....what is the solution?

[@Asp1287]

Is tax deducted u/s 1531(c) minimum or final tax?

[@danich123]

Aoa sir mujhe thori information chahai..

[@danich123]

Please me wtsapp num

[@faheempracticallearning]

w.salam yes

[@faisalnawaz6113]

Faheem bhai kindly check your what's up. And I really appreciate your response... Regard Faisal

[@faheempracticallearning]

You can mention here your all questions