2nd part starts @ 22:25 for those who have 0 income in pakistan
@oss2793 жыл бұрын
thanks alot for the descriptive video, kisi aur bandai kee itni detailed nahi hai, keep up the good work
@Legalversity3 жыл бұрын
Thanks for your good words.
@iMABDuLLAHKHAN4 жыл бұрын
Excellent video. Very very helpful. Highly recommended. Worth to watch
@khalidumer27543 жыл бұрын
Jis k liye ap na video bnai ha us ki entry to dali nai .. i mean foriegn salary or income
@Legalversity3 жыл бұрын
Ye return total nrp k lia he. Wealth men jo log Pakistan men raqam bhejty hen wo foreign remittance men amount likh sakty hen foreign source men nai.
@saahircheema83633 жыл бұрын
@@Legalversity Khalid umar wala same question and problem mera b hay... apne foreign salary income show karwani hay ya ni he ni btaya...
@Nasir_agha3 жыл бұрын
آپ کی وڈیو بہت کارآمد ہے ایک سوال ہے کہ نان ریسیڈنٹ والے ٹیب میں previous returns والا بٹن نہیں شو ہوتا کیا؟
@Legalversity3 жыл бұрын
Yes hoga agar ap duary saal kr rhy hon. First year men show nai hota.
@saqibhamad91584 жыл бұрын
Thanks ..was waiting for this video man..
@MegaBoss19803 жыл бұрын
Bhai, @ 08:31 , you mentioned that the tax amount is automatically calculated. This amount is different than the one collected by FBR. I have trading (stock) account, I put my net capital gain under section 7B. After pressing calculate, the amount appeared in the system is different than the one collected (CGT). Should I keep the system amount AS-IS or replace it with CGT as given in report?
@adnanshaheen32574 жыл бұрын
Bhai jan meri tax year 2020 me koi b income nahi thi pakistan me tax year 2021 me stock market me kam shuru kia to 2020 ki file return krte waqt b zikr karna hai stock market k shares wgera ka ya 2021 ki file return krte waqt karain gay.?
@Legalversity4 жыл бұрын
No brother tell about it in 2021
@naginatariq25403 жыл бұрын
Good
@bilal6043 жыл бұрын
property ki price ager barh gai he to next year wo old same purchasing price dalni he ? ager aik property li he but wife ke name per he to wo kese dalni he ?
@Legalversity3 жыл бұрын
Dear brother, agar us property par koi construction ki he to price barhy gi warna ap ny same amount he likhen gy jis py purchase ki thee.
@muhammadabubakar90094 жыл бұрын
Dear Sir, Thank you very much for this valuable video. I have one question regarding FBR file return for non-resident Pakistanis. If someone has a USD/foreign currency account in Pak then how he can put/add the amount on its FBR wealth portal? In usd or pkr? If pkr then at what conversion rate? Suppose every year you are sending remittance and every year your current and previous amount is keep on changing based on the usd-pkr conversion rate...? And suppose after 2 years you need to purchase a plot. Then at that time usd-pkr conversion rate would be different. Then how you can reconcile your assets/wealth sheet? I hope you understand my question. Appreciate your prompt response. Thanks
@khalidsaeed43423 жыл бұрын
which of the taxes paid in electricity bill can be added in paid taxes or adjustable taxes
@Legalversity3 жыл бұрын
Total your all taxes paid in electricity in a whole year.
@mjunaid43674 жыл бұрын
Sir i am overseas n meri pakistan mei zero income hai tou mjhe kya apnay overseas k assets batanay hoon gey? Jaisay k car, household items ya bank balance wagera? Ya mjhe blank he submit kerna hai ? Thank you
@Legalversity4 жыл бұрын
Dear assets agar bahir hen to btany ki zaroorat ni
@mjunaid43674 жыл бұрын
@@Legalversity sir tou phir fbr mein non-resident Pakistan origin person having no Pakistan source income walay tab mei ja k kya blank verify n submit ker du ? Tou filer hojaoun ga?
@sarasanic3 жыл бұрын
My question
@imranmani144 жыл бұрын
Aoa. Brother, for newly purchased prpty one price is shown on wealth statmnt by default. This price is dffrnt than plot registry price. Shall I keep it same or change as per registry price?
@Legalversity4 жыл бұрын
You will enter the price which is current value
@zaheerabbas25314 жыл бұрын
@@Legalversity bro I am an oversea pakistani and filled my return from 2018 on ward I received 114(4) form for 2014 15 16 and 2017 year I tried to fill as per your video but I could nt find the foreign income column in tje sheet plz guide
@Legalversity4 жыл бұрын
@@zaheerabbas2531 why you unable to fil that column. Is there any error ?
@MegaBoss19804 жыл бұрын
@@Legalversity I received also for 2017 and 2018. Is it compulsory to submit these? As I dont remember record for those years?
@Legalversity4 жыл бұрын
@@MegaBoss1980 if notice came you have to submit.
@mazeem27n3 жыл бұрын
As Salam o alaykum sir, kindly yeh bataya ga k Agar mugha inheritance sa kuch Pasa Mila hain tu kya income tax laga ga or ase amount ko kesa entry karna ha. Or sir kya overseas Pakistani k saving account sa honi wali income per jo tax ha withholding tax U/S 151 kya yeh refundable ha?
@adnanjaved12784 жыл бұрын
31st december tak salried persons ko bhi bank details add karna zaroori ya only business man??
@imaanadil15204 жыл бұрын
one question - do i need declare wealth statement at end of tax year date or at the date of actual filing?
@Legalversity4 жыл бұрын
At the end of tax year
@warraicha97963 жыл бұрын
Sir, Due to Corona I lost my job in Dubai and since one year I am living in Pakistan but I am still unemployed. Last year (2019, 2020) I was filer with non resident status. Now do I need to file my tax returns for 2020, 2021? Pls advice.
@Legalversity3 жыл бұрын
Yes. With minimum values and if you are not going back to Dubai then remove with non-resident status.
@constructionprojects65482 жыл бұрын
Tax Return duration is from July to June. Please let me know that i came for job outside pakistan on 2nd January, and will return to pakistan on end of may for 20 days vacations. before that i was working on pakistan and my previous company paid all taxes against my salary. so in this case would i return file as Resident or Non resident? if resident then shall i have to pay taxes? please guide me
@shariftalat3 жыл бұрын
sir kindly advise being NRP what are codes for entry of foreign income , gain on asset and profit on debt in the income return form and codes under codes under final/fixed income tax?
@Legalversity3 жыл бұрын
Dear brother watch this video without skipping you will get all the information.
@roadmarking3 жыл бұрын
Sir main dubai main hoon last 20 saal se mere post office saving hai us per kitna tex lagay ga ? Aur pakistan main meri koi income nahin hai thodi rehnmai karen please
@Legalversity3 жыл бұрын
Dear brother agar pakistan sy apki koi income / assets nai hen to ap par koi tax nai lagy ga.
@roadmarking3 жыл бұрын
@@Legalversity iss ka matlab hai sub kuch show kar dooon
@Legalversity3 жыл бұрын
@@roadmarking agar pakistan men kuch nai he or sirf bahir ka he to show krna bhi zaroori nai. Optional he upon your own choice. Ap ko ye video complete dekhni chahye taky sb samjh saken. Iss men 2no kisam k Pakistanio k barey men bataya gaya he.
@roadmarking3 жыл бұрын
@@Legalversity bhai bari jaldi aap reply karte hain aisa koi bhi nahin karta aur main bahout bar dekh rahaa hoon yeh video abhi fir dekhta hoon gaor se
@AshrafKhan-ub9uu4 жыл бұрын
Pleaee inform Wealth statement is mandatory or optional for Oversear Pakistanis?
@Legalversity4 жыл бұрын
Dear brother if your tax return files without adding wealth statement then it not necessary. But when you have earning in side and outside Pakistan then it is necessary.
@AshrafKhan-ub9uu4 жыл бұрын
So if a non resident has both incomes inside Paksiatn and overseas as well then he can only show only Assets inside Paskistan or must show both Assets inside and outside of Paksiatan. And also inform he has to show all his overseas leaving expense. Thanks a lot team, u t very supportive and prompt.
@MeMe-eb8pe3 жыл бұрын
Do NRP have to file wealth returns and reconciliation of wealth returns OR just a IT return.
@Legalversity3 жыл бұрын
If they have income and assets in Pakistan only then.
@MeMe-eb8pe3 жыл бұрын
@@Legalversity I know they have to file tax returns if they have incomes and assets. My question was do they need to file Wealth Statements too? Thanks for taking the time to reply. Nice vlogs.
@Legalversity3 жыл бұрын
@@MeMe-eb8pe no dear they must declare the assets only if they have assets of income from Pakistan. Otherwise no need.
@MeMe-eb8pe3 жыл бұрын
@@Legalversity Thank you
@khalidmahmood71274 жыл бұрын
I was working for a Pakistani software company till September 2019, means I received salary for 3 months (July, August and Sep) in 2019. I also received the employment termination benefit on Sep 30th 2019. So, I am a non resident Pakistani who earns salary for 3 months as well as gratuity, how can I file my return?
@Legalversity4 жыл бұрын
Watch my video on NRP it will be much beneficial for you.
@Legalversity4 жыл бұрын
Watch this video completely
@khalidmahmood71274 жыл бұрын
@@Legalversity I already watched this completely, still have a couple of questions 1) I earned 3 months salary in Pakistan, which I believe is taxable 2) I also received gratuity as this was end of my employment in Pakistan. Is gratuity exempted from tax or different tax rate applied on that? 3) Apart from gratuity I also received leave encashment at the end of my employment in Pakistan. Is this amount taxable?
@abdulsamadvlogsandinfo3604 жыл бұрын
If an individual transacts foreign income in his $ account exists in Pakistani bank and withdrawal dollars from his Pakistani account. Is that amount falls in the category of taxable amount.
@Legalversity4 жыл бұрын
Yes
@shady15314 жыл бұрын
@@Legalversity if person is non resident WH tax deducted on profit on debt is 10%.. then remaining 5% is liability ?
@awaisbhatti16264 жыл бұрын
Dear Brother, I'm an overseas Pakistani have no income in Pakistan. In the 2018-19 wealth statement, I had mentioned Rs. 500,000 cash (non-business). In year 2019-2020, I sent a remittance of 10,00,000. Now with total cash 15,00,000/- I bought a plot file but when I declare this file in current year assets as the value of Rs. 15,00,000/-, the system shows a difference of 500,000 and my total assets become 20,00,000/- whereas my actual assets are 15,00,000/-. I'm just converting cash into property. How I will adjust this amount when I have converted cash from the previous year into the property in the current year.
@shakirhussain73543 жыл бұрын
please any one let me know if any person who have job in saudi and he never support to family and did not get any income in pakistan so can we declare his annual income
@Legalversity3 жыл бұрын
Yes you can declare.
@muhammadrafique10484 жыл бұрын
AOA. Can purchaser of property make payment through ATM transfer to the seller account? Is it acceptable in tax law as banking transaction?
@alishahogdc4 жыл бұрын
Sir ma saudia ma hota hon mera pakistan ma saving account hy pkr and usd. bank k tdr certificate hain for example os per mujhay 32 lac profit mila bank na os profit per 10% withholding tax kaata hy ab jab ma return file ker raha hon tu iris 15% k hissab sa calculate ker raha hy mean profit ka 5% admitted tax show ker raha hy kindly guide me
@kashifhabibch4 жыл бұрын
Hi Dear, I am an overseas Pakistani. I have to create an NTN number first. Please assist me, which address I have to provide while filling NTN form. Thanks
@omerkhan93404 жыл бұрын
Salam sir me salried individual hoon, maine poochna tha humary bank account me roz marra k lain dain k paisy aaty hain , like kisi relative/fnd ny 40 45k bhja , kisi ko maine bhja . Ya family me choty moty lain dain to wo income to nai hai , wo wapas hojatay , to uska kya karen , income me declare karain????
@mjunaid43674 жыл бұрын
Sir main overseas hoon aur meri pakistan mein koi property ya assets nahi tou maine non resident pakistan no source income open ker k assets liabilities main kya apna foreign ki details likhun?
@Legalversity4 жыл бұрын
Dear watch this video complete dont skip it. Then you will understand
@mjunaid43674 жыл бұрын
@@Legalversity thank you for reply sir jee maine complete video dekh li bas pochna yeh k kya wahan apnay foreign k assets daalnay jo k gaari he hai bas? Q k pak mei tou kuch hai nahi
@Legalversity4 жыл бұрын
@@mjunaid4367 no apko btany ki zaroorat nai
@mjunaid43674 жыл бұрын
@@Legalversity Sir ager kuxh hai he nahi tou phr konsay boxes fill kernay hain non resident have no pakistan source of income wala open kernay k baad? Ya sab mein zero zero likh k submit ker dena ? Ya ntn bannay k baad kuch b submit ki zarurat nahi?
@khalidsaeed43424 жыл бұрын
Please guide, how and where to enter the amount you used for constructions
@Legalversity4 жыл бұрын
If it is a property construction then in the property tab
@wakeelahmed6563 жыл бұрын
NRP can refund GST paid on electricity bill??
@awara_gard4 жыл бұрын
AOA, my brother living in Abroad since 2005 , however he registered on Iris in 2017 but never filed any tax return , now when he trying to file tax return in 2020, he got notifications in the IRIS inbox regarding no filing the tax return for past years, when he trying to replying on each year he gets 114 Form which we use for Pakistani resident with source of income in Pakistan .. can you advice what is solution in this scenario.
@muhammadrashid97932 жыл бұрын
Non-Resident Pakistan k farm me sab 0 likh du? agar main pakistan kuch ny bejha pesa etc.. or na kuch proprty liyi. main apni family sath baher rehta hu thank you
@star26519734 жыл бұрын
As u said in this video that wht is refundable up to certain limit kindly let me know 1. the relevant clause of law due to that WHT on profit ( debt) is refundable. 2. the amount of profit on which WHT (o?debt) is refundable
@moinahmed28594 жыл бұрын
How can a NRP create account on FBR? It asks for a Pakistani mobile number to send SMS Code.
@Legalversity4 жыл бұрын
Creating NTN is same for all.
@ici11514 жыл бұрын
Asalamulaikum, how to apply for Exemption Certificate for non-resident Pakistanis so banks has not to deduct withholding tax on profit on debts.
@Khanahmednaseem19524 жыл бұрын
Sir, your voice is not clear. It is fumbling and not clearly audible. Please check the mike or change with a collar microphone of good quality, so that your voice is clear and audible to your audience. Thanks
@ismailnazir67634 жыл бұрын
Brother can I declare 236k tax of 2019 In this year... coz I didn't declare it in 2019
@ZohaibJahan4 жыл бұрын
Getting "You cannot submit this task. Please Create and Submit relevant Task against issued notice." What does this mean?
@Legalversity4 жыл бұрын
Apko jo notice aya he usko click kren and then reply par click kren.
@HasanWorldCreation4 жыл бұрын
I need some help. I am a pensioner currently living abroad with no access to my bank account, in order to file the Tax return with FBR for 2019-2020, I need to calculate the Withholding tax deducted on the profit. I understand that the withholding tax rates for filers is 10% on the profit of 500,00 or less. Assuming my profit is 600,000 for 2019-20, how will the tax be calculated. Is it 10% of the first 500000, i.e. 50,000 and 15000 for the next 100000 totaling 65,000? Or 15% of the 600,000 totaling 90,000? Also, is it deducted monthly, i.e. reducing the profit deposited back into my account, or is calculated annually, at the end of the year? My problem is that when I add the withholding tax amount as 10% for 2019-2020, IRIS automatically calculates 15% and so I am assumed to pay the balance 5%. However, I also understand that the withholding tax is deducted at source so if/when the rate was changed to 15%, banks would have automatically started deduction 15% accordingly. Can you please advise? Greatly appreciate your response.
@Legalversity4 жыл бұрын
The tax will be calculated as per your amount value. I have shown you the easy method in this video you can correlate with this video to file your own.
@aurangzeb56982 жыл бұрын
Plz send video about salary person income tax return
@Legalversity2 жыл бұрын
Watch here. kzbin.info/www/bejne/oX6ZlmmGgJeie7s
@nabeelspacian4 жыл бұрын
Good info. What is your profession?You are giving services also?
@aamar1234 жыл бұрын
Bhai sahab tax return jama karvane ke bad kuchh fees jama karne padati hai on 2020 Kisi bhi amount ka chalan jama jarurat hai
@missnomiss16534 жыл бұрын
if someone has paid more tax in banking transactions than what is shown by system , where should I put that
@Legalversity4 жыл бұрын
Tax on bank Transaction .
@imranzafar66854 жыл бұрын
You did not talk about foreign income head. If we send remittances then do we reduce foreign income? What conversion rate we use for foreign income? Thanks
@Legalversity4 жыл бұрын
There will be no conversion rate the number of amount you send will written as same.
@syedhussain9803 жыл бұрын
Dear Imran in my opinion if you are earning abroad salary equal to 2 million pak rupees and out of 2 million you spent 5 lack abroad and remitted 10 in pakistan for expensies and saved 5 lack abroad. So you will mention in 114 form foreign source salary exempt from tax 2 million and in WS you have to mention 15 expensis and in Inflow you have to mention 10 lac in Income of the year exempt from tax and 10 will be mention in foreign remittances. So your increase will come 5 lac for this year. In this way your wealth statement will be reconcile
@JDMian4 жыл бұрын
One of my cousins is in Germany and has both income from Pakistan and outside. I am sharing this video with him if he wants to ask other questions where should he ask?
@saqibhamad91584 жыл бұрын
their Facebook page Legalversity
@creativeminds003 жыл бұрын
سال ۲۰۲۰ میں بنک سٹیٹمنٹ کے مطابق ودہولڈنگ ٹیکس دس فیصد تھا لیکن یہاں پر ۱۵ فیصد آ رہی ہے؟ ایسا کیوں؟؟؟
@Legalversity3 жыл бұрын
Dear brother, Jo FBR k system men aa rha he wohi kren app jab khud FBR isko uodate na kr dey.
@unboxphone59794 жыл бұрын
I am overseas Pakistani having saving account in Pakistan. I submit my tax return 2020 as normal return. After submission a new notice generated stated that " 120 ( order to make self assessment)". Can any one tell what is meaning of this notice?
@Legalversity4 жыл бұрын
Self assessment is just to make sure you have did everything correct. Nothing else.
@unboxphone59794 жыл бұрын
@@Legalversity thanks brother
@faysal1231004 жыл бұрын
Salam sir, Can you pls advice how can i become non filer again?
@Legalversity4 жыл бұрын
For this you have to contact local fbr office. But I think now you have to file your return every year as NTN cancellation is not easy.
@faysal1231004 жыл бұрын
@@Legalversity sir i made this only only for national savings certificate bcs i got deducted 20% and after being a filer it will be 10 but its not they are deducting 15% thats why becoz actually its a cheat which my agent didnt acknowledge.
@Legalversity4 жыл бұрын
@@faysal123100 I told you the current situation. Now its upto you what you want to do with your fbr account.
@faysal1231004 жыл бұрын
@@Legalversity yes sir you are right i made a mistake if i could see your videos earlier would have been easy before making this decision.
@KHALIDMASOODBAJWA4 жыл бұрын
میں پینشنر ہوں اور ملک سے باہر ہوں۔ مجھے کون کون سے فارم اپڈیٹ کرنے ہونگے ۔ پچھلے سال ایک ایجنٹ سے پہلی دفعہ ریٹرن جمع کروائی ہے اب میں خود کرنا چاہتا ہوں تو کیسے کروں کوئی وڈیو ہے تو لنک سینڈ کر دیں
@Legalversity4 жыл бұрын
Dear sir just follow my video and must remember that you all pension income is free from tax.
@UsmanAli-ey7np4 жыл бұрын
Dear i am non resident and working in a company which transfer my salary from dubai to my pakistani bank account in dirham. Now where i add, in Employment tab (salary) or foreign source (remittance). Thanks
@dreamspower56334 жыл бұрын
Same question if you can answer
@KHALIDMASOODBAJWA4 жыл бұрын
میرے پاس year سلیکیٹ نہیں ہو رہا کیا کروں
@peterboar38684 жыл бұрын
👍
@eeUbair4 жыл бұрын
I don't have pakistan mobile sim and I am outside pakistan for last 10 years, how can I start my process to be a Filer???