On which amount Income Tax 236H & 236G will be charged | Gross amount or net amount | IRIS |

• SALE TAX AND INCOME TA...
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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,

[@MuhammdShahzad-ul-haq]

Thanks Faheem sb. It would make you millionerd due to 90% consultants and job holder need practical solutions

[@009qamars]

Faheem Bhai what about the Items under 3rd Sch. for example Rp 1000 + St 180 = Total 1180 Discount to Dealer 200. So here The Value of Sales/Revene will be 800 Output 180 . So I believe we charge tax in this case on Rs. 980. Please give your valuable thought

[@faheempracticallearning]

for 3rd schedule goods, tax charged on MRP

[@009qamars]

@@faheempracticallearning i may disagree any reference dear

[@faheempracticallearning]

@@009qamars watch lecture of MRP for complete understanding

[@009qamars]

@@faheempracticallearning yes dear i know the concept but I disagree that tax will be deducted at MRP inclusive of tax

[@faheempracticallearning]

@@009qamars this is part of law, you have any idea how to change 😔

[@yousafmoon3043]

Nice work

[@zahidkhankattikhel2276]

Nice Video

[@farrukhshiraz5277]

Agr hum kisy foundation ko supply de rahy hai tu kia us p b ye section apply hoga? Qk wo tu na he retailer hai na he distributor hai

[@maddiezcrashes]

Respected Brother 236G.and H is not collectable on gross amount but gross sales while 153 is on payment which include taxes. gross sales has not defined by ITO 2001 but if we see return here gross sales are excluding of Federal excise and sales tax. while gross sales are including dicount and sales return. CIR appeals decided a case in favour of taxpayer

[@faheempracticallearning]

In lecture gross sale means including sale tax, excluding discount and return. So gross amount income tax will be charged

[@syedarifhilal7048]

@@faheempracticallearning if we give trade discount which are mentioned on Invoice, So then will it apply after trade discount or before trade discount?

[@faheempracticallearning]

@@syedarifhilal7048 yes after

[@syedarifhilal7048]

@@faheempracticallearning also apply the rate after trade discount for third schedule items? Which the sale tax is fixed.

[@faheempracticallearning]

@@syedarifhilal7048 yes

[@AmjadAli-kh4gt]

Sir please tell us salary tax calculations and exemption

[@faheempracticallearning]

@@AmjadAli-kh4gt watch lecture of salary

[@saadattax5784]

kindly prepare a lecture on manufacturer sale tax return and manufacturer income tax return

[@faheempracticallearning]

Sure in future

[@3zentertainments]

How to make PSID for bulk customers under section 236 h

[@muhammadsaleem.4440]

in case of distributor sale to retailer sales tax applicable at retail sale price. in this case what would be gross amount for 236 G &H

[@faheempracticallearning]

Sales value plus sales tax.

[@naveedyounus9953]

Great job sir. Kindly tell me about further tax . 236 G and H shall b charge on all inclusive taxes value like sales tax and further tax .

[@faheempracticallearning]

Gross amount, here including sale tax and further tax

[@itrautomationgroup5651]

السلام علیکم ورحمۃ اللہ و برکاتہ Faheem Sb, should it be deducted by all suppliers for all customers.. Or some exception available. Also for exempt goods like solar panel should it be deducted? Please advice. Hafiz Muhammad Iqbal

[@faheempracticallearning]

All will be charged, even exempt

[@itrautomationgroup5651]

@@faheempracticallearning جزاک اللہ خیرا

[@imranaslam92]

kuch manufacturer 1% tax charge kr rahe han US 236H ?? yeh rates revise ho gaye han??

[@faheempracticallearning]

for filer 0.5% and for non filer 2.5%, Yes revised

[@imranaslam92]

@@faheempracticallearning filer ko .01% charge kiya ha, Rafhan mill ne , ap kuch guide kr saqte han is bare ma ?

[@muhammadharoon4503]

treatment of car purchased in June 2022 but not registered till July 2022 in income tax return?

[@faheempracticallearning]

If amount paid through bank channels , then same need to report , with 2 options you can mention advance to supplier or just book vehicle, as asset

[@muhammadharoon4503]

@@faheempracticallearning I have received car with invoice on 23 June 2022 but on FBR website payment date of I.T u/s 231B(3) is 30 June 2022 and showing TAX YEAR 2023.

[@MOHAMMADFAROOQKHAN-dr1oj]

Ap ki GROSS AUR NET ki definition wazeh karain plz.

[@faheempracticallearning]

Gross including tax

[@imranmustafa7121]

Sir agar Income tax return 2022 date extend na hui, so what will be the penalty after 30th Sep ??

[@faheempracticallearning]

100% it will be extended. 20K

[@imranrindhbaloch6553]

Bhai tax course ki duration kia hoti hai

[@faheempracticallearning]

Click on below WhatsApp link for further details of Practical Taxation Course wa.me/message/5BNUTBJFAPHUN1

[@ZeeshanAhmad-ri2rr]

AOA Sir, are sections 236G and 236H applicable to safety match manufacturing companies?? please explain.

[@faheempracticallearning]

Yes if sales to distributors, wholesalers and retailers

[@naveedhussain5323]

Fahim bhai ap ki hr video mai audio ka issue hota hy kindly next time 🎤 ..

[@faheempracticallearning]

Which issue?

[@baadshahkingofking31]

AoA, If i bought a life insurancy policy in 2022 TY and the premium is static which means it won't change then should it come under a personal asset or under the expenses? and i am also claiming tax credit on it just so you know. Also, the bank account balance should be till 30th june 2022, right? or is it the CURRENT Balance that one has in the bank account at the time of filing tax return? will highly appreciate the timely response for this. JazakAllah Khair!

[@faheempracticallearning]

Assets,

[@baadshahkingofking31]

@@faheempracticallearning Also, the bank account balance should be till 30th june 2022, right? or is it the CURRENT Balance that one has in the bank account at the time of filing tax return?

[@faheempracticallearning]

@@baadshahkingofking31 30th June balance same need to report in return, check lecture of how to file income tax return,

[@abdulhaseeb3302]

Sir what about discount, e.g if we gave 5% discount as well then gross value after discount will be 95000 and as per sales tax it will be applicable on 95000 not 1 lac so wtax calculation will be on 95000 not 1 lac. What you say sir

[@faheempracticallearning]

After discount

[@abdulhaseeb3302]

@@faheempracticallearning thanks sir

[@syedarifhilal7048]

Sir kindly make a video on default surcharge of sale tax of late payment & penalty

[@faheempracticallearning]

@@syedarifhilal7048 sure in future

[@muhammadahmer2632]

Sir, can you please guide regarding difference b/w section 153 and 236G/236H

[@muhammadasadsiddiqui6512]

Tax is deducted u/s 153 on the bill you receive from your supplier or vendor against goods or services. However, 236G and 236H is charged on invoice you raise to your customer.

[@syedmaqsood-ul-hassan3233]

When we deduct IT @0.5% on gross sale amount (e.g. Rs. 117,000/- ) it will be a double taxation i.e we deduct IT on 17% Sales Tax from customer. Kindly clarify.

[@faheempracticallearning]

1st thing 0.5% need to charge not deduct. 2nd from beginning it is rule income will be charge on gross amount including sale tax. So technically we paying tax on tax. 😄

[@faheempracticallearning]

But this is law we need to follow

[@syedarifhilal7048]

If manufacturer collect the advance withholding tax u/s 236G, & the rate is now 0.1% for filer (filer both income & Sale tax)? & Non filer rate is 0.2%. If dealer is not registered in Sale Tax & his income Status is active & filer . So, which one rate will be applied?

[@faheempracticallearning]

Yes

[@syedarifhilal7048]

@@faheempracticallearning sir, konsa rate apply hoga? If he is reg in income tax & his status is active but not registered in Sale Tax..

[@faheempracticallearning]

@@syedarifhilal7048 filer rate

[@syedarifhilal7048]

@@faheempracticallearning thank you soo much dear Sir.

[@muhammadzubair-rg4nj]

جناب آپکی آفس کہاں ہے؟

[@faheempracticallearning]

LHR

[@muhammadzubair-rg4nj]

السلام علیکم جناب ہم سگریٹ کے ہولسیلر ہیں اور فائلر بھی ہیں اور سگریٹ کی کمپنی/ ڈسٹریبیوٹر سیل پر 0.5 فیصد کے حساب سے ہم سے چارج کرتی ہے اور یہ لوگ پرچیزر میں ہمارے نام دکھاتے ہیں کیونکہ ہم خریدار ہیں نیز IRS میں جو۔ہماری ID بنی ہوئی ہے اس میں ISM۔کے اندر دیکھا جاسکتا ہے کہ ہم نے سگریٹ کی کمپنی سے کروڑوں کی سگریٹ خریدی ہے اور 0.5 فیصد کے حساب سے ٹیکس جمع ہوچکا ہے "ہمارا سوال یہ ہے کہ کیا یہ ٹیکس ADJUSTABLE ہے یا نہیں "

[@faheempracticallearning]

W.salam yes all tax adjustable