Thank you very much, sir. Nowadays, I'm working on the same topic, and when I asked my seniors and auditors, they didn't provide clear guidance. Your video has been incredibly helpful. Thank you.
Can advance Tax paid under Section 236C be carried forward to the next financial year for adjustment again CGT while computing final tax in FTR? Scenario: For any reason the property sale hadn’t been reported in the current FY but advance Tax had been paid U/S 236C and reported in the current year’s tax return as well. Please share your opinion in the matter. JazakAllah.
Salam brother..I really appreciate ur effort ..u r providing gr8 knowledge..stay blessed...I have recommended many of my friends to subscribe ur channel..regards AMER ❤❤❤❤❤❤
Very comprehensive. Need to fill up the share trading. How to show entries in the return for capital gain during 2023 with carry forward losses of past years. Thanks
At what value (zero, cost or as per FBR valuation table) is property inherited by an individual incorporated in the wealth statement after 30th June, 2024, and used as the basis for Capital Gains Tax calculations ?
AOA, What’s about taxable income. For constructed property, if sold after one year to two years, taxable income will be 75% of the total gain. Is this correct. Other than this missing point, your video is excellent.
پلاٹ خرید کر مکان تعمیر کیا ۔ ان دونوں کو tax return میں کیسے اندراج کریں یعنی پلاٹ کا خریدنا اور تعمیر کرنا ۔ رہنمائی فرمائیں ۔ جزاک اللہ خیرا بھائی جان۔
Great video, if we paid tax on purchase and sold property on same year, then can we adjust our advance tax on purchase against capital gain tax liability?
Sir agar ek agricultural land 1 year k time par sale kre, ar byana wasool kia ho sirf, uska tax kesay pay hoga, q k abi koi property transfer nhi hoi owner k name se. Q k assets me wo pehlay declare b nhi ki hoi land. Kindly guide.
Agr plot nhe tha blky us ki file thee... Aur 2 years SE uski file KO asset m show Kiya tha.. to Us py gain ya lose hoa ho... To usko kesy declared krein gy?
Sir i had inheritance land in 2016 now i sale Sep 23 and i received whole amount payorder and transferred 25% amount to brother and sister as per his or her share. Now i show whole amount or less amount which subtract brother and sister share value? Please guide
ASA sir hum nai islamabad mai flat purchase kia tha, since we are from gilgit vaha tax ni hota therefore hum nonfiler thai, iska idea b ni tha, bus agent nai bola k filerban jao to tax kam lagaiga. agent nai kissi advocate k through filer bana dia tha for 20k fee and tax like 60k pay karna pada tha during the purchase. he also said k next year tax return hogi apko. kindly kia bata dai return hoti e tax and or filer bannai k bad kab tax adda karni hoti e. as mentioned we from gilgit, there we dont have tax system.
Sir thank you I need guide line if a property sales which is consist of 4 brothers. But the purchase party prepare payorder against one shareholder on mutual consent. How we treat them in ITR
Salaam Fahim bhai. Bank records me filer show ho ga.? Me ek week pehly filer hua hon mgr bank record me abi tk non filer hn jab k fbr pe check krty hain to filer show hota hai
AOA, I purchased car but registered in the name of my son. Income taxes withheld on transfer are in the name of my son. Can I claim those taxes in my return, cause I showed the car in my Wealth statement as "Assets in other name' coloumn?
Sir I have three questions I had refundable tax last year for which I claimed refund as per procedure and valid documents however no response has been received from FBR. how can I adjust same refundable tax in my TX returns of 2023 as I can't see any head in adjustable TX form of year 2023 2nd - I had a car which I sold on 10 lac profit how can I adjust that profit in my returns 3rd - I had a property file which I sold on some profit, will it be taxable and if so how can I adjust same profit Thx
@@faheempracticallearning if I add In others it asks for tax on that amount How that is adjusted then (amount attributable to final/fixed tax??) Moreover will I also show this 10 lac on capital gain head also?
اسلا م علیکم۔ محترم بھائ صا حب۔ ااگر ایک پراپرٹی ،خرید سے 6 سال بعد فروخت کی جاۓ تو اس پر گین ٹیکس لگے گا یا نھیں ؟؟؟جب کہ کیپیٹل گين ٹیکس زیرو ھے،تو پھر گين ٹیکس ،انکم ٹیکس کی ریٹرن مین کیسے ایڈجسٹ ھو گا ؟؟؟؟کيونکہ رجسٹری کے وقت گين ٹیکس 3% دینا ہی پڑتا ھے ،،،،جواب دیجۓ گا پلیز ،،،شکریہ
Sir mera house muje inherit hua mother sy meri 1 sister b hay uska share 33% hay or mer a 66 percent abhi es ko me apni Tax return me kaha kaha post keru or kis value per koi kehta hay k Fair Value per kero or koi kehta k Nill per kero q k inherited hay please guide me
nice effort can u explain if a person bought plot and reflects in his previous return and later on during TY he construct a house or shops over there how the CAPITAL GAIN would be calculated as there are different rates for plots and constructed properties and can he adjust the amount of construction in previous value of plot ? there are some loops in your video kindly clear the same as well , thx stay blessed
Advance Tax Agar Kasi Non Filer Nay Pay Kar Dayya Ha Or Agar Filer Nay Beh Kar Dayya Ha Or Os Ka Apni Zati Gahar Ha To Woh Retire Banda Ha Woh Kayse Adjist Karey Ga Os Ko Sir Jab Kay Os Par 236 C Ya 236 K Ko Kayse Adjist Karey Ga Plz Help Me
Sir property no gain no loss per sale hu hat return may adjustable tax may 236 c ko jab enter kartay hain to return may refundable ki bajay chargeable may show hota hay?
Sir, I purchased a plot for my brother and transferred to my name about 10 years back. Now, I want to transfer back to my brother, but the transferring society is asking for 3% advance tax. Why should I pay this tax if it is purchased more than 6 years? As you mentioned, there is no gain tax after 6 years. Thanks.
If property purchased in 2006 of rs 2 millions now property mentioned in 2023 of Rs 2 million bcoz 1st time filing and then we will sale this property in Rupees 8million ,,so do we have to pay capital gain tax ?? As we are selling it after 15 years ?? Please explains.
@@faheempracticallearningsir how can we adjust profit on sale then Please make a video I sold personal car on 10 lac profit how can I adjust my wealth statment
3marla plot 3sal phly sale kiya jis sal liya usi sal e sale kr diya..tab filer nhi thi ab filer hony lgi to uska record manga hy janb h mery pas aisi koi b file ya rased nhi kuk family me hi di thi hala ko ...ab us sal ki file me kya kru plz help as soon as possible
Sir mara Abu retired person hn or hmna gr kharida jisma 54000 tax return hoskta h ab hma salried person tax return form select krna h yh koi or zror btain plz
As per the given example, a Filer is paying just Rs. 787,500. Advance tax of Rs. 450,000 is being adjusted against the Capital gain tax liability. Whereas the Non-filer will pay Rs 900,000 (15,000,000 x 6%). A saving of Rs 112,500 for the Filer.
اگر آپ کو وراثت میں کچھ ملتا ھے مثلا 10کنال اپنے اس میں سے 5کنال مارکیٹ ریٹ پر بھیچ دی 2019میں رجسٹری کے وقت اس پر کوئ ٹیکس نہیںں دیا کیونکہ وراثت بیچنے پر کوئ ٹیکس نہیں تھا تو اس پر اب کونسا ٹیکس لاگو ھو گا۔اور ریٹرن میں اس کو کیسے شو کریں گے۔۔
Thank you very much, sir. Nowadays, I'm working on the same topic, and when I asked my seniors and auditors, they didn't provide clear guidance. Your video has been incredibly helpful. Thank you.
👍
Some person shows this capital gain in moveable property (reconciliation tab)
@@ayazmehmood897 already need to report in 114 form
sir
you are always helpful for me in all matters relating to tax
👍
Can advance Tax paid under Section 236C be carried forward to the next financial year for adjustment again CGT while computing final tax in FTR?
Scenario:
For any reason the property sale hadn’t been reported in the current FY but advance Tax had been paid U/S 236C and reported in the current year’s tax return as well.
Please share your opinion in the matter.
JazakAllah.
Salam brother..I really appreciate ur effort ..u r providing gr8 knowledge..stay blessed...I have recommended many of my friends to subscribe ur channel..regards AMER ❤❤❤❤❤❤
❤️
Very comprehensive.
Need to fill up the share trading. How to show entries in the return for capital gain during 2023 with carry forward losses of past years.
Thanks
Carry forward not adjusted
@@faheempracticallearning carry forward relating to sale of shares from past three years. Thanks
@@khurramnaik5097 check relevant lecture
Assalamualaikum sir , 6 years holding period py still zero tax hai ya phir ye rule change ho gya hai?
Goodwill property ka treatment kya hai? because a huge amount is paid as an advance which is equivalent to the ownership value
after received money in bank from inherited property ,the transection from that amount should also be added or not?
At what value (zero, cost or as per FBR valuation table) is property inherited by an individual incorporated in the wealth statement after 30th June, 2024, and used as the basis for Capital Gains Tax calculations ?
AOA, What’s about taxable income. For constructed property, if sold after one year to two years, taxable income will be 75% of the total gain. Is this correct.
Other than this missing point, your video is excellent.
Watch lecture of constructed property, covered in that lecture
Aoa sir Should Capital gain tax be applicable on NON resident person or not
پلاٹ خرید کر مکان تعمیر کیا ۔ ان دونوں کو tax return میں کیسے اندراج کریں یعنی پلاٹ کا خریدنا اور تعمیر کرنا ۔ رہنمائی فرمائیں ۔ جزاک اللہ خیرا بھائی جان۔
Please make a video on property transfers by gift. A specimen of Gift deed. What is the difference between gift and hiba
Great video, if we paid tax on purchase and sold property on same year, then can we adjust our advance tax on purchase against capital gain tax liability?
Yes
@@faheempracticallearning Thank you جزاک اللہ و خیرا
I had booked flat 8 lacs in back 2017 through instalments but didn't get possession and sold in 15 lacs... Do I need to pay tax ?
Very important. Please mention the lecture if already answered
Sir agar ek agricultural land 1 year k time par sale kre, ar byana wasool kia ho sirf, uska tax kesay pay hoga, q k abi koi property transfer nhi hoi owner k name se. Q k assets me wo pehlay declare b nhi ki hoi land. Kindly guide.
Good Sir and Please clear the entry in Capital Asset in Tax chargeable/Payments section
Great Info Sir : Sale and Purchase of Gold per video upload karain Please
Watch gold lecture
Sir property par yearly tax hay usko Kahan adjust karengay
Agr plot nhe tha blky us ki file thee... Aur 2 years SE uski file KO asset m show Kiya tha.. to Us py gain ya lose hoa ho... To usko kesy declared krein gy?
Thank you. What if a non resident sells property. wealth statement never filed. has paid 236-c tax . how to report that ?.
pls watch latest lecture of non-resident person
Jazzak Allah ❤
Sir i had inheritance land in 2016 now i sale Sep 23 and i received whole amount payorder and transferred 25% amount to brother and sister as per his or her share. Now i show whole amount or less amount which subtract brother and sister share value? Please guide
ASA sir hum nai islamabad mai flat purchase kia tha, since we are from gilgit vaha tax ni hota therefore hum nonfiler thai, iska idea b ni tha, bus agent nai bola k filerban jao to tax kam lagaiga. agent nai kissi advocate k through filer bana dia tha for 20k fee and tax like 60k pay karna pada tha during the purchase. he also said k next year tax return hogi apko. kindly kia bata dai return hoti e tax and or filer bannai k bad kab tax adda karni hoti e. as mentioned we from gilgit, there we dont have tax system.
Sir, please guide me about the return of plot file membership...where i will put declared amount.
Sir thank you I need guide line if a property sales which is consist of 4 brothers. But the purchase party prepare payorder against one shareholder on mutual consent. How we treat them in ITR
Report other payment to payable, to all other parties
Salaam Fahim bhai. Bank records me filer show ho ga.? Me ek week pehly filer hua hon mgr bank record me abi tk non filer hn jab k fbr pe check krty hain to filer show hota hai
Non resident property sale Karen to return submit krna Hoga..?
Yes, to save tax 236k
AOA, I purchased car but registered in the name of my son. Income taxes withheld on transfer are in the name of my son. Can I claim those taxes in my return, cause I showed the car in my Wealth statement as "Assets in other name' coloumn?
Nice video. How to report the sold plot in assets. At "Zero" or not to show?
If sold, thn also delete the property from wealth
Sir property 2003 may purchase ki thi Lahore may ab sale kerni hy tu kya tax dyna hoga guied me
thank you
Assalam Alaikum ! Have you prepared same case study for 2024 filing?
W.salam yes
@faheempracticallearning couldn't find a link. Please help . Thanks
Sir I have three questions
I had refundable tax last year for which I claimed refund as per procedure and valid documents however no response has been received from FBR. how can I adjust same refundable tax in my TX returns of 2023 as I can't see any head in adjustable TX form of year 2023
2nd - I had a car which I sold on 10 lac profit how can I adjust that profit in my returns
3rd - I had a property file which I sold on some profit, will it be taxable and if so how can I adjust same profit
Thx
Watch how to adjust refundable tax, lecture
Gain on personal car not taxable, report in others in reconciliation
Watch capital gain tax on property lecture
@@faheempracticallearning if I add In others it asks for tax on that amount
How that is adjusted then (amount attributable to final/fixed tax??)
Moreover will I also show this 10 lac on capital gain head also?
@@imk7646 no tax on car profit
Next how to show inheritance in tax return please.
Yes, a very important question. Please mention link if already discussed In any lecture
Sir non resident ko capital gain pay krna ho ga?
@@waqaszaman6737 yes
اسلا م علیکم۔
محترم بھائ صا حب۔
ااگر ایک پراپرٹی ،خرید سے 6 سال بعد فروخت کی جاۓ تو اس پر گین ٹیکس لگے گا یا نھیں ؟؟؟جب کہ کیپیٹل گين ٹیکس زیرو ھے،تو پھر گين ٹیکس ،انکم ٹیکس کی ریٹرن مین کیسے ایڈجسٹ ھو گا ؟؟؟؟کيونکہ رجسٹری کے وقت گين ٹیکس 3% دینا ہی پڑتا ھے ،،،،جواب دیجۓ گا پلیز ،،،شکریہ
Agricultural property sale karney par bhee yeh capital gain tax deyna hoga.
Sir mera house muje inherit hua mother sy meri 1 sister b hay uska share 33% hay or mer a 66 percent abhi es ko me apni Tax return me kaha kaha post keru or kis value per koi kehta hay k Fair Value per kero or koi kehta k Nill per kero q k inherited hay please guide me
nice effort can u explain if a person bought plot and reflects in his previous return and later on during TY he construct a house or shops over there how the CAPITAL GAIN would be calculated as there are different rates for plots and constructed properties and can he adjust the amount of construction in previous value of plot ? there are some loops in your video kindly clear the same as well , thx stay blessed
Advance Tax Agar Kasi Non Filer Nay Pay Kar Dayya Ha Or Agar Filer Nay Beh Kar Dayya Ha Or Os Ka Apni Zati Gahar Ha To Woh Retire Banda Ha Woh Kayse Adjist Karey Ga Os Ko Sir Jab Kay Os Par 236 C Ya 236 K Ko Kayse Adjist Karey Ga Plz Help Me
Sir property no gain no loss per sale hu hat return may adjustable tax may 236 c ko jab enter kartay hain to return may refundable ki bajay chargeable may show hota hay?
Report in adjustable
Sir adjustable may hi report kia hai. Phir bhi computation main chargeable may show ho raha hai
Adjustable tax m "Sale/ transfer of immovable property 236c" disable q hai? Aur ab Input kese karen
Plz guide
Sir, I purchased a plot for my brother and transferred to my name about 10 years back. Now, I want to transfer back to my brother, but the transferring society is asking for 3% advance tax. Why should I pay this tax if it is purchased more than 6 years? As you mentioned, there is no gain tax after 6 years. Thanks.
Rule is changed... now you have to pay tax if rate is moe than 5 million.
If property purchased in 2006 of rs 2 millions now property mentioned in 2023 of Rs 2 million bcoz 1st time filing and then we will sale this property in Rupees 8million ,,so do we have to pay capital gain tax ?? As we are selling it after 15 years ?? Please explains.
no gain tax after 6 years of purchase of open plot and after 4 years of constructed property
Profit on Sale of gold and car will be covered in capital gain tax?
Gain on personal car, not taxable
@@faheempracticallearningsir how can we adjust profit on sale then
Please make a video
I sold personal car on 10 lac profit how can I adjust my wealth statment
@@imk7646 watch lecture of gold recording
@@faheempracticallearning gold is also not taxable??
3marla plot 3sal phly sale kiya jis sal liya usi sal e sale kr diya..tab filer nhi thi ab filer hony lgi to uska record manga hy janb h mery pas aisi koi b file ya rased nhi kuk family me hi di thi hala ko ...ab us sal ki file me kya kru plz help as soon as possible
آج کل Proper Filer اور Late Filer کا مسئلہ بھی چل رہا ہے تو کیا ایسا ممکن ہے کہ ایک Late Filer جو ہے اس کو Proper Filer کیا جاسکے؟
Insurance policy show in previous return now mature in this year and earn additional amount in which tab gain show in current return
Report in other, in wealth,
Sir mara Abu retired person hn or hmna gr kharida jisma 54000 tax return hoskta h ab hma salried person tax return form select krna h yh koi or zror btain plz
Ap ky lecture m clarity nhe hoti h koi na koi point hide hota h video esi honi chye jis me sary question clear hoty ho
watch all relevant lecture, in one lecture not possible to explain all, too long lecture.
Kehtay hn filer honay ka faida hy
Yaha non filer surf 236c pay krta hy but no filer hy wo 236c k sath gain tax pay krta hy
As per the given example, a Filer is paying just Rs. 787,500. Advance tax of Rs. 450,000 is being adjusted against the Capital gain tax liability. Whereas the Non-filer will pay Rs 900,000 (15,000,000 x 6%). A saving of Rs 112,500 for the Filer.
CAPITAL GAIN PAR JO TAX PAY KYA HAY WO PERSONAL EXPENSES BOX 7052(TAX, RATES) MEIN SHOW KAREIN GE......IS KE BAREY MEIN NAHI BATAYA
Watch capital gain tax, previous lectures
Aoa Sir , income tax return portal mai code 3525 or 3526 ( add back tax gain on sale of assets) is ko explain ker dain
In case loss on property how's file return
same process, report the loss in other, in reconciliation of form
Sir withholding period of property is still exist in 2024?
@@MrLuckyali101 yes till June 2024 available
@@faheempracticallearning many thanks sir
@@MrLuckyali101 👍
Sir plz inherited plot ko sale kia us ka bhi bta day
Yes
جس فیملی ممبر سے قرض( loan) لیں اسکاNTN) filler ) ھونا لازمی ھے؟
Yes, also through banking channel
@@faheempracticallearning section kia hai ?
Read gift details, further it is follow in person and practical, later it will create issues, better to follow banking channel
@faheempracticallearning The banking channel is fine, should the loan be filed or not? Section?
@@miansaeed2001 my suggestion if amount big must be file, as a reasonable practice, otherwise department will also issue notice to that person
Which figure to mention in code 703004 in this case ?
how i get this excel file ?
can you share a balance sheet for return
Yes sure
میں پنشنر ھوں اور میں نے پلاٹ کا سودا طے کیا ہے پیمنٹ جولائی کے بعد ملے گی اور میں نان فائلر ھوں اس لیے گائیڈ کریں مہربانی ہوگی
اگر آپ کو وراثت میں کچھ ملتا ھے مثلا 10کنال اپنے اس میں سے 5کنال مارکیٹ ریٹ پر بھیچ دی 2019میں رجسٹری کے وقت اس پر کوئ ٹیکس نہیںں دیا کیونکہ وراثت بیچنے پر کوئ ٹیکس نہیں تھا تو اس پر اب کونسا ٹیکس لاگو ھو گا۔اور ریٹرن میں اس کو کیسے شو کریں گے۔۔
What is answer
Excel file tu share karain
Please share this excel sheet to me plz