Recording of Gold in Income Tax Return | is there any Tax on Sale of Gold | How to save the Tax |

[@rehmanmalik8174]

Thank you Sir, AAP ki video say bohat say logon ki muhkil ka solution mil jata ha. ALLAH jazay e Khair dain.

[@faheempracticallearning]

👍

[@Garewal007]

Excellent demonstration,Jazakallah

[@faheempracticallearning]

@@Garewal007 👍

[@fayyazulislam]

Can the value of gold be enhanced each year, as of June of the relevant tax year to reduce the tax liability? Does the law permit it?

[@khalidramzan1650]

Very important topic.

[@faheempracticallearning]

@@khalidramzan1650 👍

[@ateeqahmad4114]

Great learning sir g Keep it up Regards Ateeq Ahmad Pls ashare a video on tourist & sales agent income tax return process

[@faheempracticallearning]

Yes sure

[@zafarabbas9688]

گولڈ جیولری مختلف اوقات میں مختلف قیمت پر خریدیں گے تو ویلیو تو ٹیکس ریٹرن میں کل قیمت ایک ہی جگہ درج ہوگی۔تو اگر آج دو تولہ سونا 5لاکھ کا خریدا جائے پانچ دس سال پہلے کے ساتھ مل کر اوسط قیمت بڑھ جائے گی اور اب اگر تھوڑا تھوڑا کر کے دو تین سال میں بیچ کر ٹیکس مکمل طور بچایا جا سکتا ہے۔

[@malikshukat7287]

Good information 👍 Plz foreign remittance per b 1 v log bany Shaukat awan advocate

[@faheempracticallearning]

👍 yes sure

[@sajiiidali]

Excellent 👍

[@faheempracticallearning]

👍

[@khurramnaik5097]

Well explained. Thanks

[@faheempracticallearning]

@@khurramnaik5097 👍

[@perveziqbal1290]

very important topic explained...Sir agar beti ya bety ki shadi me gift kar dain to kia iss per bhi tax lagy ga?aur isst return me kesy show karen ge

[@faheempracticallearning]

Yes taxable at the time of sale in the hands of receiver

[@khalidramzan1650]

Well explained

[@faheempracticallearning]

@@khalidramzan1650 👍

[@khalidramzan1650]

@@faheempracticallearning I always prefer ur video. Easy to understand

[@faheempracticallearning]

@@khalidramzan1650 👍

[@hamzazahidulislam3490]

Jazakallah Khair. ♥️

[@faheempracticallearning]

👍 👍

[@DrMuhammadTahirSiddique]

beautiful video

[@faheempracticallearning]

👍

[@starassociates6442]

Excellent sir. Shahid advocate Lahore ❤

[@faheempracticallearning]

👍

[@ibnesaeed8073]

Sir capital gain head ma to entry kerne k bad reconciliation statement mei kis tarha treat krna.

[@altafamirali4946]

Thank you, Fahim Sb, for your informative video. If we receive property as a gift, do we need to show its value as zero, or not?

[@faheempracticallearning]

If have registry value, thn report If no value thn use current FMV, if also not available, thn mentioned at zero. Zero must be last option

[@sumairali4631]

@faheem bhai. Ak question he. Hum jo b taxes derahe hen sales tax, fed tax or degar. Jo refundable nahi hen. Kia wo taxes amount exempt feom tax honge ya nahi?

[@usmannazeer744]

Sir in this lecture you have defined only Sale proceeds of Jewelry on which the the Business Income Taxable rates are applicable, my question is that if a person who declared the sale Proceeds of Jewelry & have already declared Business Income Just Spouse 1.5M & the Gain on Sale of Jewelry is 0.6M is it rate of Tax is calculating separately or Collectively

[@HajvaryMiniMart]

1-Reconciliation statement mei capital gain excluding immovable assets mei gold sale per profit likhna hy kia. 2- profit on sale of property ko reconciliation mei kase enter krna.

[@Ahmedkhan-mq1nb]

Assalam o Alaikum Sir return mein gold ki value 0 declare ha tax year 2021 se ab tax year 2024 mein gold sale kr dia ha....ab is gain pr tax rate kia lage gain.....?kia period km ya ziada hone se tax rate mein koi farq parega....?

[@amirsajjad8976]

Respected Sir,Can we increase our gold investments in the coming years if we have additional cash in returns to match the current rate and minimize capital gains?

[@faheempracticallearning]

no, once reported, we cant change

[@ahmadkamran2801]

Good idea. But how would someone be able to produce evidence / sale receipt next year?

[@faheempracticallearning]

@@ahmadkamran2801 make actual sales accordingly

[@faheempracticallearning]

@@ahmadkamran2801 if someone want to save the tax

[@javediqbal7932]

Sir ager inherited agricultural land ko sale kren 50-100 acre amount 2 crore tk sale out ho to as ko tax return mae kasy show kren gy

[@74Jimee]

If gold capital gain is exempt upto 600,000/- tu kia ye capital dosre income ke saath club nahi hoga? Phir tu ye taxable ho jaye ga?

[@ranazain9522]

Bhai online taxi jo part time chala raha matlab pure saal main 30 hazar income hoi sath wo banda govt employee hai tu wo return k kis colum main usa justify kara

[@ateeqahmed6820]

Sir, if we change the value of gold from 0 to current market value, which head from income side should be used for same amount e.g other income or which account?

[@faheempracticallearning]

Once reported we can't change

[@amanalam7866]

​@@faheempracticallearningshould we revise wealth statement

[@faheempracticallearning]

@@amanalam7866 if gold carry from previous period, thn we can't change

[@amirsajjad8976]

Respected Sir, just as if we booked the vehicle at a low rate, capital gains tax is payable on the gain amount at the time of sale. Can we increase the value of the vehicle if we have cash on hand or returns?

[@faheempracticallearning]

in case of personal assets, no gain tax on personal assets, including vehicle

[@HamidRauf500]

​@@faheempracticallearningcan we declare gold jewelry as personal asset to avoid tax on disposal?

[@formanauto6034]

Good evening sir. Gain on sale of gold should be reported in income from other sources u/s 39 rather in capital gain u/s 37 and if assign value at zero for Gold and the time of selling the gold, the cost of that buying year should be considered as per mostly opinion prevails. Thanks and Regards Raja Aurangzeb from Lahore.

[@faheempracticallearning]

@@formanauto6034 it is capital gain, because fall under capital asset

[@formanauto6034]

Good evening sir. Please make a video on agriculture income, foreign income and it's taxation with practice. Thanks and Regards Raja Aurangzeb from Lahore.

[@faheempracticallearning]

@@formanauto6034 yes sure.

[@TahaRafiq101]

If gold is reported at 0 value, is it advisable to revise previous 4-5 years Wealth statement to declare on correct value as of receiving date ?

[@faheempracticallearning]

Not advisable, manage according to slab

[@TaxConsultancyPK]

This solution is only possible if you don't have any other source of income (e.g. salary or business income). If you also have income from salary or business, then the gain will be included in your total income and higher slab of tax would apply.

[@amanalam7866]

Sir ager shadi par gold milta he jis ki fmv hum declare krty he inflow me as a gift , than reconcile kesy hogi ye amount

[@faheempracticallearning]

Yes, mention received on wedding

[@kamranshabbir6258]

salam fahim bahi. profit on debt agar 50 lac say barh jaey to income kis tarah say declare kya jaey k tax ka koi benefit mil jaey. non resident pakistani k lye koi benefit hai 'profit on debt' par

[@faheempracticallearning]

if income more thn 5M, need to pay remaining taxes now.

[@kamranshabbir6258]

@@faheempracticallearning will business tax rate be applicable to whole amount of "profit on debt" exceeds 5 M?

[@faheempracticallearning]

@@kamranshabbir6258 yes

[@hafizfabrics]

Asslam-o-Alaikum! Sir! Kindly make a video on 236L & 236B Section of Fbr Domestic and Intl Air tickets per jo tax lagta hai is ko kasa apni tax return mai adjustable krta hai😇

[@faheempracticallearning]

Yes adjustable, if invoice on your name

[@faheempracticallearning]

w/salam

[@hafizfabrics]

@@faheempracticallearning yes invoice at my name مگر ٹیکس ریٹرن میں ایڈجسٹ کرنے کا طریقہ بتا دیجئے گا

[@atiqurrahman3304]

As salamu alikum, keya ham gold ki value increases kar saktey hai, every year gain tax pay kar k?

[@faheempracticallearning]

no, we cant change

[@MuhammadAhmed-h6u9p]

how do we adjust the incremental effect in wealth due to adjust / keep the gold at the current market rate for each year closing

[@faheempracticallearning]

Once reported it will not changed, every year same balance

[@jawadtariqadvocate8028]

A.o.A sir Aik bandy ka gold ki shop ha Us ki annual return jati ha Lakin fbr na use POS laga diya ha Ab kaya us ki sales tax ki return nill bajh sakty han kaya

[@faheempracticallearning]

w,salam if POS installed, that means auto invoices appeared in sales tax return, so you need to select from annex-c and report the same, with relevant payment of taxes, if any.

[@muhammadzeeshan9014]

sir isko FTR/MINIMUM walay tab me nahi ley ker jayein gey ?

[@faheempracticallearning]

No

[@tariqhassan387]

Ab 7 saal phele gold value show nai ki or ab 2024 may law change ho jatta hai to filer kia karey or kesay ? Inherited Gold 22 years ago ago

[@faheempracticallearning]

@tariqhassan387 no, it will be same now. No change

[@masoodahmedkhan622]

Thanks for briefing my question is mostly we declaré gold value which we received in haritance and some time we don have receipt so how can decide the correct value of gold after passing long period Thanks.

[@faheempracticallearning]

Report on current market value

[@1mran1976]

​@@faheempracticallearning if it's reported at Zero value and I decide to report at current market value on 30th June, 2025 -- How will I reconcile the amount ??

[@sabirku]

Salam, Sir Kindly make a vlog on self hiring claimed by Government employees. thanks

[@faheempracticallearning]

Yes sure

[@Shahid-tu6vr]

Assalam o alaikum sir my wife inherited money will be deposited in my account how I will explain to fbr that this is actually my wife inherited fund pls guid me thanks 🙏

[@Muslimmemon]

Sir, If you get gold from inheritance (share) what value should we declare ??

[@faheempracticallearning]

FMV, as on June

[@Muslimmemon]

@@faheempracticallearning I think when we sell gold that value is better, as we declare in inheritance property.

[@faheempracticallearning]

@@Muslimmemon thn all gain taxable if no cost

[@Muslimmemon]

@@faheempracticallearning may be but here no any iro charge it taxable.

[@SaimShaheryar-h8q]

Excuse me sir gold sale nahi kia to ka tax return ma treatment hogi

[@faheempracticallearning]

Already explained, pls also previous lecture of gold recording

[@makhdoom3190]

Faheem bhai ye kis year sy taxable hua hai

[@faheempracticallearning]

@@makhdoom3190 it was taxable from many years

[@zarghambakhar]

بھائی کیا جانور بھی ایسے ہی ٹریٹ ہوں گے

[@Israfaisal800]

Aik banday ki income yearly 6.5lakh ho wo bhi gold ko latest value report kr sakta ha

[@dastgeerghulam6408]

If value of gold jewelry is declared then how wealth to be reconciled

[@faheempracticallearning]

@@dastgeerghulam6408 from where gold purchased? Means during the year? Or from inheritance?

[@dastgeerghulam6408]

@faheempracticallearning Received in dowery during tax year 2020

[@dastgeerghulam6408]

Value in the return for the tax year 2020 has been declared zero with the narration belongs to wife received in dowery.

[@faheempracticallearning]

@dastgeerghulam6408 now your can't change

[@nomanelahi2019]

600000amount which you tell exempt excluding from salary

[@abumuaviyah]

اگر گولڈ سیل کے علاوہ کوٸی اور انکم ہوگی تو CG میں جمع ہوگی ۔۔پھر تو ٹیکس 6لاکھ سے کم CG پر بھی بنے گا

[@theainator]

slab rate to purana hay update ho chuka hay

[@faheempracticallearning]

This is as on June 2024

[@ranazain9522]

Is topic pa kisi ne koi video nahi banai

[@faheempracticallearning]

@@ranazain9522 👍

[@rehmanmalik8174]

Thank you Sir, AAP ki video say bohat say logon ki muhkil ka solution mil jata ha. ALLAH jazay e Khair dain.

[@faheempracticallearning]

👍