I work remotely for a foreign country and i receive salary in my bank without any deduction. The purpose code on my PRC is 0401 which is for home remittance, so should i declare the amount in foreign income or foreign remittance. I went to PSEB for registration and they didn't register me because the purpose code was for home remittance.
what if receiving salary through proper transfer channel like WISE and the country does not have any income tax like middle east then why to pay tax here in pakistan. it must considered as a foreign source income i.e remittance and must be exempted, and also it reflects in bank statement and have proper WISE receipts. so should i add as foreign salary or foreign source income ?
Lot of information....what if we get property rent or gain from foreign property investment...already shown as foreign investment in property in tax return in previous year tax return?
Assalam o Alaikum, very informative. If income is received through channels other than a Pakistani bank account, such as Western Union, etc., is it still considered remittance, and will it be subject to the 1% or 0.25% tax on IT services? Thanks.
Jab 5 million tak fbr nahi poch sakta ke source bataye toh fbr ko kaise pata chalega ke yeh foreign income hai ya foreign remittance. For example ek bande ko 1 million 1 saal mein receive hue foreign remittance mein, ab fbr toh poch nahi sakta source toh uss amount ko foreign income mein kyun declare kare?
Asset ma to reflect ho jaiga kionkay Account Balance increase ho jaega, computation ma adjust karnay kayliye kisi na kisi head ma adjust to krana parrega.
@@rizwanahmed2662 bhai mere woh toh tab na jab entry kar rahe honge, mera question yeh ke ek bande ke account mein 1 million pkr ahe, international remittance mein ab agr woh foreign income mein likhta hai toh use ya toh 1% percent ya .25% tax dena parega, agr wohi same amount woh wealth statement mein jakar international remittance mein likhta hai toh use koi intrest nahi dena parega.
I am in qatar doing job i have salary bank account in qatar i transfer some amount in pak account when i need them not every month how can i show this amount in fbr filing
5m is 50 lac in your video you said 5lac is not necessary to answer FBR, can you share again what the amount is actually 5lac or 50lac? In remittance.... Not received from blood relationship but family relative...
i was not expecting so detailed explanation to the point ! thank you !
MA sha ALLAH... Well explain
Nice
I work remotely for a foreign country and i receive salary in my bank without any deduction. The purpose code on my PRC is 0401 which is for home remittance, so should i declare the amount in foreign income or foreign remittance. I went to PSEB for registration and they didn't register me because the purpose code was for home remittance.
what if receiving salary through proper transfer channel like WISE and the country does not have any income tax like middle east then why to pay tax here in pakistan. it must considered as a foreign source income i.e remittance and must be exempted, and also it reflects in bank statement and have proper WISE receipts.
so should i add as foreign salary or foreign source income ?
Very nice❤
zbrdst
Lot of information....what if we get property rent or gain from foreign property investment...already shown as foreign investment in property in tax return in previous year tax return?
What about the person who do not have asset or balance or car any kind of asset or do not send anything to Pakistan what should he do?
What is the status of pension received in a foreign company and received in bank account of the same country.
Thank you bhai❤❤❤❤
My Pleasure
Foreign Income par tax exemption jo hai, filhal 0.25%/1% chal raha tha (Normal Tax rate ni thay)... Kaya wo next year sy khatam kar rahay hain?
Agar Foreign Income (IT Services) to as Foreign Remittance declare kar dain tu consequences kaya ho saktay hain?
Assalam o Alaikum, very informative. If income is received through channels other than a Pakistani bank account, such as Western Union, etc., is it still considered remittance, and will it be subject to the 1% or 0.25% tax on IT services? Thanks.
Jab 5 million tak fbr nahi poch sakta ke source bataye toh fbr ko kaise pata chalega ke yeh foreign income hai ya foreign remittance. For example ek bande ko 1 million 1 saal mein receive hue foreign remittance mein, ab fbr toh poch nahi sakta source toh uss amount ko foreign income mein kyun declare kare?
Asset ma to reflect ho jaiga kionkay Account Balance increase ho jaega, computation ma adjust karnay kayliye kisi na kisi head ma adjust to krana parrega.
@@rizwanahmed2662 bhai mere woh toh tab na jab entry kar rahe honge, mera question yeh ke ek bande ke account mein 1 million pkr ahe, international remittance mein ab agr woh foreign income mein likhta hai toh use ya toh 1% percent ya .25% tax dena parega, agr wohi same amount woh wealth statement mein jakar international remittance mein likhta hai toh use koi intrest nahi dena parega.
@@TrueKing-vr6mi YEH SOCHNEY KI BAAT HY
Sir if we send remittance in foreign Currency in RDA FCY Account and PKR in RDA PKR then how we will show in reconciliation
I am in qatar doing job i have salary bank account in qatar i transfer some amount in pak account when i need them not every month how can i show this amount in fbr filing
@@irfanbasharat-4340 Foreign Remittance
Foreign income k Liye hame foreign currency account open karwa na parega?
@@hussaindohad4711 no
@AbdulRehmanMubarik income ager pak currency mai nhi or Dollar mai arahi ho phr bhi no?
Bhai TH-cam ki monthly 3.4 lak amount received hoti hai es par tax ho ga kia
Yes
Freind ny paisy diye kaha ghar dy dena is ka kya karein ab kahan show karein ye amount
If someone living in pakistan and working as contract employee in seaship for 6 months and get foreign income in his account. Where we can insert data
In which city do you practice?
5m is 50 lac in your video you said 5lac is not necessary to answer FBR, can you share again what the amount is actually 5lac or 50lac? In remittance....
Not received from blood relationship but family relative...
5 Million
5 million means 50 lakh
Salam. Sir brother or cousin are blood relatives?
12:38
What is MIS ?
Kafii option hen yahan But Ap isko apni Withholding Tax Deduction Dekhne k leye use kr skte hen.