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

[@TheChannel-59]

Excellent Bro. Educated people are proud of Pakistan.

[@faheempracticallearning]

@@TheChannel-59 👍

[@haroonrashid8364]

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

[@SuperEvo1990]

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

[@faheempracticallearning]

👍

[@ShahzaibbaigShahzaibbaig-l8i]

Good information

[@faheempracticallearning]

👍

[@NoorMuhammad-xl4ow]

Very technical point ❤️

[@aliyanauman2132]

Excellent Explanation

[@gamingzonepk1497]

Sir same treatment individual k lye b kren...unka bh tax arha h extra attributable income per.

[@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

[@muhammadimran-hr9bc]

Jazzak Allaj sir

[@naveediqbal6015]

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

[@faheempracticallearning]

W.salam yes sure.

[@HassaanAli-fi1bk]

@@faheempracticallearning AOA PLZ SHARE THE EXCEL SHEET

[@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

[@muhammedhussain4371]

Jazak Allah

[@theaccountants2015]

Faheem bhai hopefully aap theek hongy!! Kindly batayen aap ny SECP k hawaly sy AGM ki videos bhi banayen!!

[@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

[@faheemshaikh3473]

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

[@muhammadkhalidkhanizaman5826]

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

[@faheempracticallearning]

Not get your point, what you want to ask?

[@MuhammadhumzaNaeem]

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

[@MuhammadhumzaNaeem]

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?

[@kamransajjad308]

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

[@faheempracticallearning]

@@kamransajjad308 👍

[@tayyabsultan189]

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

[@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?

[@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

[@amirmahmood1895]

great

[@faheempracticallearning]

👍

[@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

[@muhamadmobeen7564]

Good evening Could you please share sections which we can read Where we get information of how to compute the tax liability Where it says to take higher of minimum tax or normal tax etc A, B or C. Take higher of it I am unable to find it

[@abduljabbar564]

Sec 113 Minimum tax, Sec 153 withholding / minimum tax on sales, Sec 148 advance tax on imports, Division II, Part I of First Schedule for rate of tax for companies

[@abduljabbar564]

Also see Sec 113C for higher of A, B or C

[@muhamadmobeen7564]

@@abduljabbar564 thank you. Another than ACT, the other two options are still valid for a sole prop or aop?

[@abduljabbar564]

@@muhamadmobeen7564 Yes. Taxable income as per First Schedule or minimum tax which ever is higher

[@saadnawaz5322]

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

[@irfanmutto5667]

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

[@Asp1287]

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

[@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

[@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