At 3:03 you mention that IT freelancer has to fill in *Export Proceeds u/s 154(1) @1%* section inside the *Final / Fixed / Minimum / Average / Relevant / Reduced Tax* (i.e. WHT charged by banks etc) - this is incorrect as far as I know. The correct place to fill in this WHT is a bit below (almost at the end), labeled as *Export of Services u/s 154A (ATL @ 1%, Non-ATL @ 2%)* I'm an IT freelancer and NOT a tax consultant or an expert so take this as is. If you know an expert then please verify from there. However this section clearly matches the *154A* that is being shown on my bank statements - when my banks debits WHT for my export proceeds. Just to summarize, be careful as *154(1)* is easy to be mistaken for *154A*
4:50 data mn amount enter krne py "reduced rate must be zero" error a raha hai. Iska solution kindly bata dain Form submit ni ho raha. Waiting for ur kind response..
PSEB has been changed to tech destination & not working any more. Can you please help me with my query? Basically, I am a freelancer giving services to US Clients and using Pakistani people to help me. Now, I got 40 lac as remitance and paid 25 to 30 lac to other people for getting the work done. Where should I add those 25 to 30 lac? I can add my income to foreign source but where to add expense? Do we need to add in Business? and will it still remain tax free? Please help and confirm
Miany first 5 month job ki thi or phr us k bad ab freelancing kar ra hun. ab is case main kaisy file karni hai return kyunky pahly 5 month meri salary say software house walon nain tax kata hai
Bhi ap ny freelancer ki bank wali 1% deduction k sawal ko goal kr dia hi ager bank 1% deduction nae krta tu wo value kesy r kaha adjust karni hoti hi ????? R exemption ki bat ap ny ki kia ye exemption PSEB k certificate ki hi ??? Kindly reply
I think it is not correct, When 1% is deducted by bank then that income will fall under FTR and there is no other tax on it, So just enter it the amount in second column. The income is also not to be mentioned in Foreign income but to be entered in Other sources.
@@maverickiy9366 To fall under FTR you need to meet the conditions. WHT is not required if you are not WHT agent. If you also do domestic sales then Sales tax returns are to be filled and for exported it is advised by PSEB to file too. Sakes tax returns are also now updated where you can now enter full details like dollar rate, purpose code, sender name etc. 1% tax will be deducted by banks on receipt of export proceeds in Pakistan which shall be FTR subject to following conditions: Return has been filed. Withholding statements have been filed if person is withholding agent. Sales tax return has been filed if person is required under relevant Federal & Provincial sales tax laws. No credit of foreign taxes paid is allowed.
Sir is may ap jo form bata rahay ho .... Woh form withholding tax exemption ka hai... Foreign income par tax still exempted hay 2025 tak. Or jo reduce rate may ap tax likhnay ka bol rahay ho wahan value 0 deni hai tax nahi likhna...
Sir ap section 102 or freelancers ki income ko mix kr rhay hain Freelancers ki income ko business tab main mention krty hain na k foreign source of salaried income.
great video, i have a question, agr PSEB me registered nahi hain, tab be total Incomr Exampt from Tax me he likhen gy agr wo bahr see aa rhi hy? or dusra ye ke, agr last year property add ki this yan mutual funds me investment ki thi to is saal return submission me wo same amount k sath he ay gi? yan khtm ker dena h
ye error aa rha hai Period select krny pe tax credit ki application mai: 'Task you have selected is not valid for this tax period or not yet enabled by FBR'
i am trainer of import and export documentation and accounts only book keeping peachtree ,tally accounting software etc in sialkot now i would like to get training of income tax return course will you please help me in this regards and also tell me the min fees best regards javaid mahmood
Sir keya hum Pichhle Sal Ka return same to same to same insert kar sakte hain. Ki Ham usmein total income edit Karen aur baki sab sem Ho Kaisa ho sakta hai
Do we need to file 4 quarterly Withholding returns ? Tax consultants are saying IT freelancer has to ... but why freelancer has to , we are not withholding agents ? Can you please clarify
was waiting for this one, great job. I have some questions if you can help please. all my income came through Jazzcash and Mezan Bank, unfortunately bank ny 1% withhold ni kiya or na he me PSEB sy registered hon. what should I do in this situation.
@@Legalversity i think PSEB not accepting Freelancers form because its been more than 2 weeks form is not working whenver i click for registration. 2nd how would I submit my taxes in this case? %age on my income? do I have to apply for 1% as you have shown in the video?
@@Legalversity that is a good question, sorry if i am not getting you point here dear, but how exactly do i submit my returns now? should i put my total income as exempted from tax.
Thank you so much for the information! I am a freelancer and have a team of 3 members. I am confused about the taxation I would have to do, Should I form a company or continue as individual, and how would i go about taxation when I have to give salary to my team members JazakAllah
AoA, If conditions of 65F were not complied till June 30 2022 do we still have time to comply with those conditions and claim Tax Credit by filing for 15 days extension? Also, if we can not do anything back do we have to pay the tax calculated as normal foreign source salary by their system?
Me aik freelancer hon but merry clients local hoty hyn or meei incum b local banks se transfer hoti hy in pak rupees jo us waqt k $ rate k mtabiq hoti hy, me apni tax return file kesy submit karon? Plz guide
I don't have a certificate from PSEB how can i get a tax credit. All of my earnings are from Google adsense and Facebook audience network. Please help me!
Hey! I've just registered with IRS and wanted to process my return. I'm a salaried person but I'm unable to add amount in "Income from Salary" tab as the area is greyed. Can you please advise?
sir I'm registered with PSEB and I've been receiving all the payments through my HBL account. However, the bank did not deduct any withholding tax whatsoever. So, I'd put my income under the exempt tab? Please lemme know. Thank you!!!
jab 159(1) / 154A (Application for reduced rate of withholding on Export of Services) fill karta houn tu ye error ata ha Reduced rate must be zero.iska kia kroun?
The application to commisoner is useless. They will simply decline the application because PSEB is not the only requirement for 154A . You will have to attach PSEB , Withholding statement, Tax return statement and Sales tax . Which most of the people don't every declare. So PSEB certificate will not help at all. You can try for your self and get this application denied within 2 days. Best option is to avoid it all togather and simply get tax credits. That is what I have learnt and even talked with one of my friend lawyer. This will be applicable after 2023. I may be wrong but its my general knowledge regarding the application to comissoner.
I am transferring through payoneer and amount is transferred through IBFT so no 1% deducted. So i ll compute 0.25% (PSEB registered) and pay through bank challan and then submit in 65F? ya phir i can take 100% tax credit? jaldi reply day dain please din thoray rehy gaey han, Thank you in advance.
Agar apka tax cut huwa he to ap tax credit claim kr sakty hen tax year 2022. The simple rule is apki tmam earning banking channel sy ho. Tax Credit ka method isi video men bataya he.
AA... very helpful, especially where you showed how to apply for Tax Credits. One question , If you are a individual freelancer and registered with PSEB and 1% is deducted automatically by the Bank, then do you also need to file SalesTax and Withholding Tax returns as per new 65F ?
@@Legalversity 65F of the ITO, 2001 says IT Freelancers have to submit and I saw some other videos where they also mentioned the same. And I am confuse , I dont want to get any inquiry notice from FBR and at the same time I do not understand why an individual freelancer has to submit Salestax and withholding !!!
@@Legalversity Sar agar koi kuchh bhi Kam nahin karta per wo bahar jana chahta Hai lekin wo kah Raha Hai ki main filer hona chahta hun to ya kaun si category hogi?
I am doing remote job and bank is deducting 1%. Your video give me clear instruction how to file return. But how to get actual refund for that 1% deducted by bank. I know you show us on FBR website but, how to get actual money back?
What bank are you using? Mostly banks do not withholding 1% because Freelancing payment processed through home remittance channel and they put the money in home remittance code. 1% WHT per Section 154 A will put the income in FTR and you do not need to pay anything more tax.
@@Legalversity Whats the point of getting certificate from PSEB. I have also spoken to one to tax consultant and he said you need to apply for tax reduction to FBR and need to give them some money plus tax consultant fees then this 1% will reduced to 0.25%. This is what happening to self employes IT professionals.
@@mattmurtaza It all depends how your are bringin in your money. If you are using wise or payoneer or any other service who are withdrawing your money via interbank then that will no count as remittance. But in my case my client is doing wire transfer from his account to my account with proper purpose (web development services). So this is the proper way. We all self employed IT professionals are bound to pay 1% tax.
@@tousifali1118 I am talking about wire where dollars comes to the bank and then bank give you rate and deposit PKR in the account and the bank issue a PRC for it but the problem is the purpose code as they do not apply 9186 code and do not deduct 1% WHT as per section 154A. That is why i asked you about your bank name so that I can also use it because they are correctly deducting 1% WHT.
At 3:03 you mention that IT freelancer has to fill in *Export Proceeds u/s 154(1) @1%* section inside the *Final / Fixed / Minimum / Average / Relevant / Reduced Tax* (i.e. WHT charged by banks etc) - this is incorrect as far as I know.
The correct place to fill in this WHT is a bit below (almost at the end), labeled as *Export of Services u/s 154A (ATL @ 1%, Non-ATL @ 2%)*
I'm an IT freelancer and NOT a tax consultant or an expert so take this as is. If you know an expert then please verify from there. However this section clearly matches the *154A* that is being shown on my bank statements - when my banks debits WHT for my export proceeds.
Just to summarize, be careful as *154(1)* is easy to be mistaken for *154A*
right
I am not seeing Export of Services u/s 154A under Final / Fixed / Minimum / Average / Relevant / Reduced Tax.
4:50 data mn amount enter krne py "reduced rate must be zero" error a raha hai. Iska solution kindly bata dain
Form submit ni ho raha. Waiting for ur kind response..
PSEB has been changed to tech destination & not working any more. Can you please help me with my query? Basically, I am a freelancer giving services to US Clients and using Pakistani people to help me.
Now, I got 40 lac as remitance and paid 25 to 30 lac to other people for getting the work done.
Where should I add those 25 to 30 lac?
I can add my income to foreign source but where to add expense? Do we need to add in Business? and will it still remain tax free?
Please help and confirm
when I submit the Application for reduced rate of withholding on Export of Services it says "Reduced Rate must be Zero" what to do?
a question: where to write my income from painting. income recieved from gallery through bank transaction.
Excellent video
Miany first 5 month job ki thi or phr us k bad ab freelancing kar ra hun. ab is case main kaisy file karni hai return kyunky pahly 5 month meri salary say software house walon nain tax kata hai
Bhi ap ny freelancer ki bank wali 1% deduction k sawal ko goal kr dia hi ager bank 1% deduction nae krta tu wo value kesy r kaha adjust karni hoti hi ????? R exemption ki bat ap ny ki kia ye exemption PSEB k certificate ki hi ??? Kindly reply
Electric appliances purchase karne k baad us ka tax kese claim karte adjustable tax me?
I think it is not correct, When 1% is deducted by bank then that income will fall under FTR and there is no other tax on it, So just enter it the amount in second column.
The income is also not to be mentioned in Foreign income but to be entered in Other sources.
If you are registered with PSEB and 1% is deducted automatically, the do you also need to file SalesTax and Withholding Tax returns as per new 65F ?
@@maverickiy9366 To fall under FTR you need to meet the conditions. WHT is not required if you are not WHT agent.
If you also do domestic sales then Sales tax returns are to be filled and for exported it is advised by PSEB to file too.
Sakes tax returns are also now updated where you can now enter full details like dollar rate, purpose code, sender name etc.
1% tax will be deducted by banks on receipt of export proceeds in Pakistan
which shall be FTR subject to following conditions:
Return has been filed.
Withholding statements have been filed if person is withholding agent.
Sales tax return has been filed if person is required under relevant
Federal & Provincial sales tax laws.
No credit of foreign taxes paid is allowed.
Sir is may ap jo form bata rahay ho .... Woh form withholding tax exemption ka hai... Foreign income par tax still exempted hay 2025 tak. Or jo reduce rate may ap tax likhnay ka bol rahay ho wahan value 0 deni hai tax nahi likhna...
Sir ap section 102 or freelancers ki income ko mix kr rhay hain
Freelancers ki income ko business tab main mention krty hain na k foreign source of salaried income.
Nice information
Thanks
how can freelancer show/make income statement
Create a video based on updated website. The explained options are now not visible.
Good
Payoner sae jazzcash mae transfer krta ho pase wo kase check kro statement?
Agar koi free lance kam karta hai jese sale purchas ka or ghar se karta hai to uska business capital or liability ad karne ki zaroorat hai?
great video, i have a question, agr PSEB me registered nahi hain, tab be total Incomr Exampt from Tax me he likhen gy agr wo bahr see aa rhi hy? or dusra ye ke, agr last year property add ki this yan mutual funds me investment ki thi to is saal return submission me wo same amount k sath he ay gi? yan khtm ker dena h
Sar agar koi kuchh bhi Kam nahin karta per wo bahar jana chahta Hai lekin wo kah Raha Hai ki main filer hona chahta hun to ya kaun si category hogi?
I am overseas Pakistani but I have FD in Pakistani can I get refund for that tax I am paying on FD? I am filer already
this is long process it is not required only declare your earning as foreing remitance and declare your wealth no need to submit certificates
one of my conslutant told me samething,
🤗
ye error aa rha hai Period select krny pe tax credit ki application mai: 'Task you have selected is not valid for this tax period or not yet enabled by FBR'
Sir where show withholding tax of Jazz, ZONG
In cellphone, telephone section in adjustable taxes.
Sir TH-cam Earnings ke leye be ye kar sakte hen ?
Yes brother
@@Legalversity per TH-cam ke leye PSEB se certificate kis tarah bane ga
i am trainer of import and export documentation and accounts only book keeping peachtree ,tally accounting software etc in sialkot now i would like to get training of income tax return course will you please help me in this regards and also tell me the min fees
best regards
javaid mahmood
Good sir
Sir keya hum Pichhle Sal Ka return same to same to same insert kar sakte hain.
Ki Ham usmein total income edit Karen aur baki sab sem Ho Kaisa ho sakta hai
If salary is both foreign and local then what is the applicable tax rate on local income? In my case it is 35%
Sir individual person ke leya bhi ek video bana de jeya ga...
Do we need to file 4 quarterly Withholding returns ? Tax consultants are saying IT freelancer has to ... but why freelancer has to , we are not withholding agents ? Can you please clarify
was waiting for this one, great job. I have some questions if you can help please.
all my income came through Jazzcash and Mezan Bank, unfortunately bank ny 1% withhold ni kiya or na he me PSEB sy registered hon. what should I do in this situation.
Dear brother agar bank ny kuch cut ni kia to good. But ap PSEB sy register ho jaen for future it will be good.
@@Legalversity i think PSEB not accepting Freelancers form because its been more than 2 weeks form is not working whenver i click for registration. 2nd how would I submit my taxes in this case? %age on my income? do I have to apply for 1% as you have shown in the video?
@@VideoWorldleo PSEB is working on it. If bank hasn't cut anything why are you willing to pay 1%.
@@Legalversity that is a good question, sorry if i am not getting you point here dear, but how exactly do i submit my returns now? should i put my total income as exempted from tax.
@@VideoWorldleo dear brother if you earned it from outside and through your banking channel then yes it is exampted.
Thank you so much for the information!
I am a freelancer and have a team of 3 members. I am confused about the taxation I would have to do, Should I form a company or continue as individual, and how would i go about taxation when I have to give salary to my team members
JazakAllah
Bhai agriculture income tax return 2022 to please upload krain
Dear brother It will be uploaded soon.
AoA,
If conditions of 65F were not complied till June 30 2022 do we still have time to comply with those conditions and claim Tax Credit by filing for 15 days extension?
Also, if we can not do anything back do we have to pay the tax calculated as normal foreign source salary by their system?
Yes brother
@@Legalversity sorry but you said yes to which part of the question?
1) Can still comply by going for extension?
2) Have to pay normal tax calculated?
Sir agriculture income tax 12 lac pr kitna hai ??
Dear brother agriculture video will be uploaded soon.
Me aik freelancer hon but merry clients local hoty hyn or meei incum b local banks se transfer hoti hy in pak rupees jo us waqt k $ rate k mtabiq hoti hy, me apni tax return file kesy submit karon? Plz guide
Ap as a business person apni tax return file kro gy.
I don't have a certificate from PSEB how can i get a tax credit.
All of my earnings are from Google adsense and Facebook audience network. Please help me!
Amazon FBA return same like freelancers ?
Yes almost the same
@@Legalversity
We will treat as foreign remittance ?
No need to show business as foreign entity ?
Mera Swift Transfer via Google pe 2% Advance Income Tax deduct hova hai HBL mai. Kis head k under file kro? 154(A)?
Hey! I've just registered with IRS and wanted to process my return. I'm a salaried person but I'm unable to add amount in "Income from Salary" tab as the area is greyed. Can you please advise?
individual person fbr tax returen please!!!
dear brother it can be used for individuals. Please watch without skip so that you can understand better.
no mention of the PRC Certificates? if a freelancer isn't registered in PSEB, are PRC Certificates enough for tax examption?
Following!
You should alway keep track and collect PRC certs from your bank. If everything goes south at least you'll have hard proof of the money in your hand.
Sir freelancers ki income foreign(other sources) main ayi gi
Dear brother foreign sources k last head men.
@@Legalversity sir freelancer ki income nhi hoti because its not fixed
@@BioFreelanceServices kisi b kisam ki earnings fox nai hoti. Jitni ap aik saal men kamao usko bata do bus.
sir I'm registered with PSEB and I've been receiving all the payments through my HBL account. However, the bank did not deduct any withholding tax whatsoever. So, I'd put my income under the exempt tab? Please lemme know. Thank you!!!
Yes you're doing great.
@@Legalversity how can i connect with you?
jab 159(1) / 154A (Application for reduced rate of withholding on Export of Services) fill karta houn tu ye error ata ha
Reduced rate must be zero.iska kia kroun?
folloing
Bro koi solution mila is error ka
Asalam o Alaikum sir! How to file return of company? Please design and share video.
Dear brother please watch our business income tax return video of 2022.
The application to commisoner is useless. They will simply decline the application because PSEB is not the only requirement for 154A . You will have to attach PSEB , Withholding statement, Tax return statement and Sales tax . Which most of the people don't every declare. So PSEB certificate will not help at all. You can try for your self and get this application denied within 2 days. Best option is to avoid it all togather and simply get tax credits. That is what I have learnt and even talked with one of my friend lawyer. This will be applicable after 2023. I may be wrong but its my general knowledge regarding the application to comissoner.
I am transferring through payoneer and amount is transferred through IBFT so no 1% deducted. So i ll compute 0.25% (PSEB registered) and pay through bank challan and then submit in 65F? ya phir i can take 100% tax credit? jaldi reply day dain please din thoray rehy gaey han, Thank you in advance.
Agar apka tax cut huwa he to ap tax credit claim kr sakty hen tax year 2022. The simple rule is apki tmam earning banking channel sy ho. Tax Credit ka method isi video men bataya he.
ایک دو وڈیو ایسی بھی بنائیں جس میں پچھلے سال کی ریٹرن بھی موجود اور اور اثاثے بیچ دئیے ہوں یا گفٹ کر دئیے ہوں تو اب وہ کیسے سبمٹ کرینگے
G brother
AA... very helpful, especially where you showed how to apply for Tax Credits. One question , If you are a individual freelancer and registered with PSEB and 1% is deducted automatically by the Bank, then do you also need to file SalesTax and Withholding Tax returns as per new 65F ?
Dear no sales tax filling required.
@@Legalversity 65F of the ITO, 2001 says IT Freelancers have to submit and I saw some other videos where they also mentioned the same. And I am confuse , I dont want to get any inquiry notice from FBR and at the same time I do not understand why an individual freelancer has to submit Salestax and withholding !!!
@@Legalversity Sar agar koi kuchh bhi Kam nahin karta per wo bahar jana chahta Hai lekin wo kah Raha Hai ki main filer hona chahta hun to ya kaun si category hogi?
@@maverickiy9366 Did you get an answer to this? I have the same question.
@@zohairgram After searching and questioning around, I have filled Nill/Blank withholding returns. But no Sales tax returns.
getting EROR REDUCE rate must be zero
Jazak-Allah it is beneficial
I heard from someone that on Foreign IT services income Tax is 0.25%
Can you please confirm this?
Dear its not for 2022 tax year.
@@Legalversity then for which year?
I am doing remote job and bank is deducting 1%. Your video give me clear instruction how to file return.
But how to get actual refund for that 1% deducted by bank. I know you show us on FBR website but, how to get actual money back?
The 1% tax to cut hona he tha ye refund nai hoga. Jo adjustable taxes ap ny kia he wo refund ho gy
What bank are you using? Mostly banks do not withholding 1% because Freelancing payment processed through home remittance channel and they put the money in home remittance code. 1% WHT per Section 154 A will put the income in FTR and you do not need to pay anything more tax.
@@Legalversity Whats the point of getting certificate from PSEB.
I have also spoken to one to tax consultant and he said you need to apply for tax reduction to FBR and need to give them some money plus tax consultant fees then this 1% will reduced to 0.25%.
This is what happening to self employes IT professionals.
@@mattmurtaza It all depends how your are bringin in your money.
If you are using wise or payoneer or any other service who are withdrawing your money via interbank then that will no count as remittance.
But in my case my client is doing wire transfer from his account to my account with proper purpose (web development services).
So this is the proper way. We all self employed IT professionals are bound to pay 1% tax.
@@tousifali1118 I am talking about wire where dollars comes to the bank and then bank give you rate and deposit PKR in the account and the bank issue a PRC for it but the problem is the purpose code as they do not apply 9186 code and do not deduct 1% WHT as per section 154A.
That is why i asked you about your bank name so that I can also use it because they are correctly deducting 1% WHT.
Bhai Urdu bolo na yaar