Now no Tax Exemption Certificate | Reduce Rate of Tax | New Changes | Finance Act 2025 | 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/message/...
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

[@DigitalDiscussion]

1st of all thank you for a informative lecture. Second its good for wht1%. Because lots of companies,firms were issueing bogus sale tax invoices. Or agar app active hein aur achi tax handling h tu aap trace krr skty hein other wiser nahi krr skty.

[@faheempracticallearning]

Yes agreed

[@rizwanchandiwala]

Thank you for sharing Informative video

[@faheempracticallearning]

👍

[@AmirSubhani-h9d]

Sir Thanks to update ourselves

[@faheempracticallearning]

@@AmirSubhani-h9d 👍

[@bilal9333]

Very informative, thank you.

[@faheempracticallearning]

👍

[@faisallaghari382]

What is the difference between exemption certificate u/s 153(4) and 159

[@muahmmadrahil9639]

Import & distributor ko bhi 1% charge krna hoga jese ne at the time of import paid kia hai

[@2128289]

Jo with holding agent nahee hai wo bhee tax deduct karengay one percent .

[@aftabmehboob6897]

Please is ka jawab dy Jo farm ka turn over 5 caror sy Kam hy oh kya Kar hy

[@faheempracticallearning]

no , withholding agent is not required to deduct the tax, as per law

[@dilshadsami]

Agar Kisi KO 1 July 24 se pehle exemption certificate issue howa hai to cancel ho Gaya ye baat is SRO main Kahan mention hai , Kia aap is Ka link de skate hain

[@kamrankhanniazi3834]

great sir

[@faheempracticallearning]

👍

[@ahsanlive]

One question need to know Sir, 1% if we need to pay then which under section we will pay, FBR does not have any section regarding 153(1)(a) for supplies of goods instead of 5% to 1%, Kindly discuss, Thank You Sir.

[@faheempracticallearning]

Yes 153

[@maazahmedsiddiqui9378]

Sir iska section bhi mention kardain ke kis section ma ye amendment hui ha.

[@farrukhnaveed6475]

Sir kisi main 2.5% bhi araha hai is column main to 2.5% deduct karen phir ?

[@shahidmahmood6220]

What about Exemption certificate issued by commissioner before 30 June 2024 upto Dec 2024 with reduced rate 0 %. New changes applicable or not on this exemption certificate.

[@faheempracticallearning]

@@shahidmahmood6220 already explained in lecture

[@muhammadmohsinadvocate6798]

What about 2(36)(c)

[@khursheednarvi7367]

exemption u/s 235 on electric bill is available for exporter or not?

[@MuhammadWaqas-pn3rp]

Importer fully exempt hain ya uska bhi kuch tax deduct hoga

[@faheempracticallearning]

Yes same old process

[@siddiquiproduction5080]

Sir Please confirm about the changes in section 159 for exemption certificate of total income like mutual funds, 100% tax credit like NPOs. FBR has been withdrawan powers from commissioner?

[@WaqasShoukat]

Brother what about the commercial importers ? Are also falling under this section?

[@faheempracticallearning]

No, for importer still old rules

[@nomanahmed933]

Dear Sir. What is the tax treatment of honorarium which is paid by Govt to employees? Under which law tax is with held and at which rate? Please explain and also mention source plz sir. Thankyou love u

[@waqasijaz1826]

Kindly guide if tax exemption certificate is issued before 30th june for the period from Jul-24 to Dec-24 on which zero % tax deduction is allowed while we making payment after 1st july do we consider that exemption or we have to deduct atleast 20% of applied % for relevant code of WHT Thanks

[@faheempracticallearning]

Push them to reissue, this is not acceptable, as per rules, from July it is reduce rate now

[@fariyagill5161]

sir kya ye rule pharmacy business k liye b ha like pehly 0 rated sale hoti thi pharmacy ki kya ab b esy hi hoga ya 1% charge kry gy apni return ma?

[@khawarh2147]

Fahim bhai.kia hum utility company(IESCO) ko exemption certificate de saktay hai. Wo tax liability se bht ziada tax withold ker lete hain.????

[@faheempracticallearning]

No

[@umardraz8483]

Sir fesco bill ki exemption Jo 159/235 ki exemption be kha withdraw ho gee ha

[@ipskpk3452]

Asslam Alaikum sir Aik swat sai aik dealer hai wo ghee putcjase karta hai tu Manufaturer tax chagrge kart w hai u/ s 236g kia exempt area mai. Applicable hai. Thanks

[@faheempracticallearning]

applicable

[@ARG1151]

Greet Sir

[@faheempracticallearning]

👍

[@nadeemahmed3295]

U r great man giving awareness without compensation great

[@faheempracticallearning]

@@nadeemahmed3295 👍

[@poetryforthesoulwithwaseem6599]

Means now in case of availability of exemption certificate we will withhold 1% of gross value instead of 0%?

[@faheempracticallearning]

Yes

[@asifjaved3146]

What is your opinion about the exemption certificates that were issued at a 0 rate before June 30, 2024?

[@faheempracticallearning]

Pls watch latent lecture, already explained on this

[@letsgodear]

Aslamu Alaikum Sir hamari leather industry hae iss Liye pehly JB humy koi certificate deta tha hum USS ka koi tax NAHI kat,ty thy or baqio ka 1% .ab Jo certificate dy or Jo na dy USS ka Kitna Kitna tax withheld krna hae.please rehnamai farmay

[@kamrankhanniazi3834]

اسلام و علیکم سر اگر ریٹ %5.5 ھو تو اس کا %20 کتنا ھوگا؟ اور اگر کوٸی سرٹیفیکیٹ کے بجاٸے Undertaking دے تو اس صورت میں کیا ھوگا؟

[@faheempracticallearning]

As per rate mentioned on certificate, we need to deduct, yes if importer thn undertaking is acceptable

[@muhammadNadeem-cm6oj]

Sir Kiya main APNI 2022 or 2023 Ki tax return revised kar sakta ho kindly help me

[@faheempracticallearning]

Yes

[@muhammadNadeem-cm6oj]

Thank U Sir

[@sajiddataguy]

Exception certificate for exports are also revised?

[@faheempracticallearning]

No

[@zeeshanfaisal5072]

What's about the exemptions of Recognized gratuity fund and provident fund??

[@faheempracticallearning]

No change

[@AmazingDiscountDeals]

What about the exemption under SRO-97 being a commercial importer?

[@faheempracticallearning]

Same no change

[@ahsanlive]

What about exemption on hospital, trust or society? Are these are exempted or not? Thank you sir.

[@faheempracticallearning]

Wait for lecture

[@FaizanAli-qn6eg]

Aoa Dear Sir, I have seen an Exemption Certificate for Pvt Ltd Co uptill june-2023, in which Rates against *Services* mentioned under *withholding tax* table were blank, means just rates for goods were written like 0% But services column was left blank by FBR, *whereas the specific services which are providing by firm was clearly mentioned above in business activity* ,,, What does it mean pl guide me. Thanks What have to do by the Withholding agent in this blank situation? The firm provides both goods and services as well...

[@faheempracticallearning]

Yes blank means you need to deduct

[@FaizanAli-qn6eg]

your reply above shall be highly appreciated! Firstly, How much tax will be deducted 100% or any other?? Secondly, in another scenario, specified services have mentioned in business activity box at Exemption certificate, but in below at *withholding tax* table just goods are mentioned, no services mentioned in this table So the Withholding tax will also be *deducted on services* or not? Whereas the services have mentioned above in business activity in details.. Firm has *provided both Goods and services as well* if you feel easy then please let me know thanks!

[@faheempracticallearning]

@@FaizanAli-qn6eg 100% on service if not mentioned

[@syedsaad1560]

Sir, if vendor is commercial importer then this rule is apply or not ?

[@faheempracticallearning]

No, for importer need undertaking and GD copy

[@syedsaad1560]

Thanks ​@@faheempracticallearning

[@ziaudinrifai824]

سینئر سٹیزن کیلئے ایک لیکچر ریکارڈ کرا دیں پلیز

[@faheempracticallearning]

Yes sure.

[@farhanqamar4427]

Sir, I received exemption certificate from Young's food there mention zero instead of 1% just you said. Then what can I do?

[@faheempracticallearning]

discuss with them, that rule already changed, this is not acceptable, also check the data of exemption certificate,

[@GrandMastiwala]

​@@faheempracticallearningplease share rule reference

[@faheempracticallearning]

@@GrandMastiwala ready Finance act

[@GrandMastiwala]

@@faheempracticallearning Mera matlab tha rule 22 ya 23 ya 24 something like that ?

[@AmirSubhani-h9d]

agr kisi nay july 02,2024 sy pehly exemption certificate lay liya hai to kia woh revise hon ga kia?

[@faheempracticallearning]

Yes, because now rule in changed

[@GrandMastiwala]

@faheempracticallearning please share rule section?

[@faizullahfaiz9509]

Sir 118,000 ka 1% 1,180 ho ga na? Please anyone guide me.

[@faheempracticallearning]

Yes

[@muhammadNadeem-cm6oj]

Dear Sir, tax year 2024 ki retrun kab say start ho gi?

[@faheempracticallearning]

already started

[@muhammadNadeem-cm6oj]

@@faheempracticallearning Thanks

[@faheempracticallearning]

@@muhammadNadeem-cm6oj 👍 👍

[@aliasgher1473]

Please tell me 1% complete section code

[@muhammadaarif2748]

for the company its still zero?

[@faheempracticallearning]

Now reduce rate

[@shakeelahmed-zp2yu]

Agr withholding agent nai hain tu kiw kren??

[@faheempracticallearning]

Yes, obviously

[@InnocentComputer-by4cy]

Rental income per tax bta de plzz

[@faheempracticallearning]

Pls watch section 155 lecture

[@danishaali4359]

Assalamo alekum Sir please ye bata dein k FBR 2024 mein previous kitny year tak ka audit kar sakta hai please is per video bana dein , ya jawab den dein thank you

[@khawarh2147]

@@danishaali4359 5 years back

[@tariqhassan387]

Tax hi reh gay hain kesay sys chalay ga .... Jin Se Tax Lena Hai Un Ko Maaf Ker Diya

[@faheempracticallearning]

😔

[@hasnainhussam2289]

What about commercial importer undertaking??

[@YasirKhan-ez6qo]

That's still valid.

[@MuhammadImran-bu6nr]

upload has error

[@faheempracticallearning]

Check now

[@wasilateef8831]

Good and relevant information. Thanks Faheem bahi.

[@faheempracticallearning]

@@wasilateef8831 👍

[@younasderban]

Income tax will be deducted on 100000 not on 118000

[@faheempracticallearning]

on PKR 118,000/- gross value, including sales tax pls ready section 153

[@MuhammadImran-bu6nr]

upload has error

[@faheempracticallearning]

Check now