Latest Updates | 7E | In which condition No need of Certificate | 4 exemptions | 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

[@muhammadharoon-ur-rasheedb14]

Very informative, very quick update. Stay blessed dear your big fan. Muhammad Haroon ur Rashid Bhutta Advocate High Court

[@faheempracticallearning]

😍

[@mohammadadilshaikh6566]

Very informative waiting for separate video on non resident Pakistani exampted

[@sajjadhaider7373]

I inherited a property from my late father who was alloted a plot by the provincial govt as retirement benefit. Can I claim exemption from 7E?

[@faheempracticallearning]

Yes

[@hafizaqif8164]

Well explained, many thanks.

[@faheempracticallearning]

😍 😍

[@alidaar2811]

Please this..1% property tax under 7e is calculated on the total of all property or each property is calculated separately...

[@faheempracticallearning]

if all property above 25 million values (excluding exemption of 7E) applied 1%

[@atiflawchamber1677]

یہ جلد اڑ جاے گا انشااللہ

[@faheempracticallearning]

😂

[@abidsiddiqui2326]

Overseas Pakistani Kee video upload kerday Thanks

[@faheempracticallearning]

@@abidsiddiqui2326 yes sure

[@shaza822]

Thanks for the update

[@saleemabbas7176]

I have sold property purchased in 1994 and ....in this tax period I purchased new property with the sale amount .....would 7e apply on me......

[@SyedanwerShah-py4nj]

Dear sir, ap apne vlog ko asan banane ki koshish karin ,ap ki batin aam admi ki samaj me nain ata,non resident and resident kon hota hae,ap clarified nain kar pa rahe,

[@faheempracticallearning]

Non resident, foreigners

[@خبرنامہ-ي9ض]

سر کیا ڈی ایج اے جو کھربوں کا کاروبار کرتا ہے وہ بھی اس ٹیکس سے مستثنی ہے قوم جاننا چاہتی ہے

[@faheempracticallearning]

😄

[@drrabiya1221]

If property is.purchased in oct2022 and sold in sept2023.7E applicable r not? Second question pensioners exempted r not..?

[@faheempracticallearning]

yes not applicable, if same year purchased and sold out, pensioner not exempted..

[@MAK3269]

Good video 👍 Question regarding non-resident seller: Sir Form B ki information transferring authority ki haad tak rahe gi ya transferring authority ultimately concerned RTO se share keree gi?

[@faheempracticallearning]

Yes

[@siddiqshujaat1519]

Nothing new,all for favorite people. No benefit to a lay man.

[@tahirniazi8955]

Sir 7E tax ky liye Form A physical submit hoga ya Online? iss baat ki clarification kahein nazar nahi ai. Thanks kindly guide

[@faheempracticallearning]

till now physical in future hopefully online

[@imranmustafa7121]

Sir jinho na 7E form phly online submit kar diya tha, and wo log exempted b thay is tax sa, to kya ab return ka sath dubara ya bhajna ha ?

[@faheempracticallearning]

no issue, for online

[@abdulrazzaqkhanniazi366]

Similarly land developer's are also excluded from the preview of this tax

[@akbercassum]

Faheem sb Is property tax applicable under 7E on donee, if property is recently gifted by blood relation, despite the donee is active tax payer.

[@muhammadejaz2143]

Land record department are saying to pay tax 7E without any knowledge

[@faheempracticallearning]

Yes this is the issue, they don't know

[@naturelover9560]

learn a lot from your channel , need advice i want to pay some amount to my son for business' he is not filer and i am filer and government servant which method i use to transfer money to his and how i show in my tax return i hope you will be answer my query

[@faheempracticallearning]

Transfer in his account, and also need to file return of your son

[@abdulrazzaqkhanniazi366]

Govt employees and govt pensioner are also excluded from the ambit of this tax

[@faheempracticallearning]

No

[@tahiraejaz7630]

Please do the vlog about pensioners. H.ow can a pentioner sell his property 2....if a pentioner wants to transfer property as a gift what rule he has to follow

[@muhammadharoon-ur-rasheedb14]

Need non resident explanation as amended FA 2022. This is just to remind those who file Return of Non-residents, that the definition of Non-Resident was changed through Finance Act, 2022 (applicable on the Returns to be filed of Tax Year-2023). That previously, an individual was to be considered a Non-resident in Pakistan, only if his stay was for less than 183 days in Pakistan. However, now to be considered a Non-resident in Pakistan, the taxpayer has to stay in "any one" foreign country for more than 182 days or he has to provide proof of being tax resident of any other country. So, if a person stays 200 days outside Pakistan, however those 200 days were not spent in a single country, rather for example 100 days were spent in USA and remaining 100 days were spent in Canada, then he is not to be considered Non-resident in Pakistan, unless he produces a proof that he was tax resident of either USA or Canada. (Relevant Paragraph from Explanatory Circular is attached).

[@Haseeb0770]

Sir, could you please confirm how we will calculate 236C advance tax at the time of sale? Means on which figure?

[@faheempracticallearning]

Dc rates

[@zafaradeel2107]

🤔🤔🤔Main you "dar" hi gaya thaa.shukar hai k bahadur jawano ko bhi iss "behaya" tax se mehfooz rakha gaya hai.ab Kashmir ko azad hone se koi Modi ma da bacha nahi rok sake ga ! ! !

[@saeedahmad5590]

Feb mail plot lya tha ab sell kar raha hoon 7E lyna pary ga

[@faheempracticallearning]

not same tax year, two option either to pay 1% or get NOC from FBR office

[@Dr.FawziyaT]

If the property is a residential plot. And the FBR land value is less than 2.5 crores then what? Kya ye tax apply ho ga? Please respond

[@ahmadafzal5109]

Agr ap ke pas 1 property ha to wo exempt ha. Agr ap ke pas 2 properties hain to un ma se koi aik property exempt ha of your own choice. 2nd property ki Agr fbr value 25 million se above ha to us value ka 1% tax dena ha. Agr 2 se zyada ha to 1 exempt kr ke bki tmam properties ki total value 25 million se above ha to 1% tax dena ha

[@faheempracticallearning]

Still you need to get certification, at the time of sale

[@ahmadafzal5109]

@@faheempracticallearning yes. Bs dua ha ye certificate wala kaam jaldi automate kr dn. Fbr se ja kr lene ma bht zalil hna prh rha

[@faheempracticallearning]

@@ahmadafzal5109 😄

[@Dr.FawziyaT]

@@faheempracticallearning thanks

[@sultanawan8587]

Aik Ghar hay us Kay 3 Bhai waris hain agr aik Bhai agar khareeday ga us ko tax kis Tarah aur Kitna Dana ho gaa pl

[@faheempracticallearning]

if your filer thn 3% +1% and other duties

[@tahamehboob8382]

Sir 90 SQ yard py bhi sale purchase py bhi tax dyna hoga.

[@faheempracticallearning]

Yes, other taxes same, as previous

[@muhammadasim8434]

Sir plz guide karain Kay agar Kisi ke ek say ziada properties Hain Jo Kay woh apnay business purpose Kay leye use karta hai kia woh bhe 7E main count honge ..kindly guide me

[@faheempracticallearning]

If businesses, income and capital proper declared in return, thn can be exempt, provided all evidence self explntry

[@muhammadasim8434]

@@faheempracticallearning all business permisses declare in ATL as well as 181 form is it exempt or not in 7E

[@faheempracticallearning]

@@muhammadasim8434 provided that, businesses income also should be added in wealth, thn ok

[@abuzarlatif273]

kindly guide k apny kaha a k kch cases pr implement nai o gy jinka referemce dia gaya a kaya in cases pr apply nai o ga ya phr jitny b 7e cases a kisi pr b apply nai o ga for r kaya abhi b registry k lia 7e certificate lena o ga ?

[@NazirAhmad-uq3gi]

Very Informative Video

[@faheempracticallearning]

Thanks

[@hafizaqif8164]

Please confirm if there is any issue with iris fbr website as its not working from the last 3 days

[@faheempracticallearning]

today is ok

[@MrSameerbaig69]

Very informative but need to improve some content,

[@faheempracticallearning]

Which content, openly discuss

[@MuhammadFarooq-fd5ui]

i have a share in inherited prop and one house self built 10marla. will 7E apply

[@faheempracticallearning]

Yes

[@Tofique]

Excellent Boss

[@faheempracticallearning]

❤

[@akhlaqahmed2495]

اگر سی ڈی اے کوئی زمین یا مکان اپنے ڈویلپمنٹ پروگرام کیلیئے لے لیتا ہے اور اس پر کوئی پیمنٹ کرتا ہے تو کیا اس پر ٹیکس ہو گا۔

[@iqtidadahmed1465]

Who will decide fair market rate. In 7E

[@faheempracticallearning]

FBR valuation rates

[@NazirAhmad-uq3gi]

Respected Sir Are DNFBP Certificate holders pay 7E at the time of sale Immoveable Property?

[@atiflawchamber1677]

اب لوگ دوبارہ عدالت جاے گے اور اسی کیس کا فایدہ اٹھا کر اسکو انجواے کرے گے انشااللّه

[@faheempracticallearning]

😂

[@atiflawchamber1677]

I ll go for a client

[@faheempracticallearning]

@@atiflawchamber1677 😄

[@funnyvideos12025]

25 ملین تک کی پراپرٹی سیل کرنے پے ٹیکس نہیں ہے یہ بات کس نوٹیفکیشن میں لکھی ہے ؟

[@faheempracticallearning]

7E, deemed income section income tax ordinance

[@funnyvideos12025]

​@@faheempracticallearningplz share screen short

[@funnyvideos12025]

​@@faheempracticallearningyes available in section 7E(2)(g)..... Thanks bro

[@fforfinanceshams]

Sir, DNFBP wala point jo hy is men individal property dealer As DNFBP registered hojay then can he avoid 7e

[@funnyvideos12025]

@@fforfinanceshams no

[@abuzarlatif273]

to phr yh real estate waly q dance kr rhy a k 7E khtm o gaya

[@faheempracticallearning]

information not clear, even mainstream TV also not clear

[@ahmadafzal5109]

Srf punjab ki had tk khatam hoa ha

[@faheempracticallearning]

@@ahmadafzal5109 not 100%

[@ahmadafzal5109]

@@faheempracticallearning sir fbr abi khud confuse chal rha ha. Ma ne LHC ka pora order para ha. Unhn ne kaha ha agr fbr ne 7e tax lena ha to purchasing cost pe le not fbr market value. Us ke lye proper rule bnae tb tk 7e totally khatam ha. Sath Court ne kaha ha k jo exemptions ap ne dn ha army or government employees ko wo bi khatam krn. Ab fbr musibat ma prh gya ha. Agr exemptions khatam krta ha to bare bare chorn pr tax lg jae ga. Is lye court ke decision and fbr ke circular se lgta ha punjab ki had tk 100 percent khatam ha Bki confusion hr taraf chal ri 7e se related

[@faheempracticallearning]

@@ahmadafzal5109 yes agreed