Things need to be Considered before making of Income Tax Payment | Withholding Statement | FBR |

• SALE TAX AND INCOME TA...
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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,

[@afvlog3954]

Very informative. Thanks sir

[@Adnanbhatti788]

thanks faheem bhai

[@waqasijaz1826]

Kindly guide relevant month for payment of WHT tax is in which invoice is issued or in which we actually paid the invoice amount

[@asiftanveer8644]

جناب اگر غلطی سے ملتی جلتی نام کی پارٹی کا این ٹی این نمبر بدل جائے اور سیلز ٹیکس جمع ہو جائے تو پھر اس کا حل کیا ہے۔ کیسے reverse ہوگا

[@imranahmedmirza7045]

Sir, Make vedio on new portal changed for payment of withholding tax deposit...

[@faheempracticallearning]

@@imranahmedmirza7045 yes sure

[@abdulghafar1419]

Aoa Sir sales tax invoice Sy verify kr sakty hy In Case 153?

[@sherbaz8425]

Income tax withhodling should be deposited within 7 days of payment not 15 days sir.

[@faheempracticallearning]

yes, also mentioned in lecture, but practice is to deposit within 15 days

[@TheUmaiz]

Salaam, Agr joining 1st Jan 2023 ki hui ha, means k employee 6 month ki salary lae ga, till Jun 2023 tk 100,000 per tax deduct ho ga? Medical allowance gross-up ha....means k 100k mae medical shamil ha

[@faheempracticallearning]

No, because till June less than 600

[@TheUmaiz]

@@faheempracticallearning JazakAllah