Notice U/S Section 147 | How to reply | Who will pay advance Income tax
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- เผยแพร่เมื่อ 7 ก.พ. 2025
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Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
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-231A Advance tax on cash with drawl
7. Section-231AA and 236P Advance tax on certain banking transection
8. Section-231B Advance tax at the time of registration of private motor vehicle
9. Section-235A Tax collection from domestic electric bills
10. Section-236 Tax collection from telephone users
11. Section-236B Advance tax on purchase of domestic air ticket
12. Section-236D advance tax on function and gathering
13. Section-236F Advance tax on cable operator and other electronic media
14. Section-236G Advance tax on sale to distributor, dealer and wholesalers
15. Section-236H Advance tax on sale to retailers
16. Section-236I Advance tax by educational institutions
17. Section-236U Advance tax on insurance premium
18. Section-236X Advance tax on Tobacco
19. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
20. Fine and penalties
21. Section-177 Audit
22. 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
Dear Sir,
This one of the best video's that explained each and everything even though it was a old but till now it is most useful and convenient video.
Thank you Sir for your kind cooperation and I really appreciate it.
👌
Kindly please share Excel sheet format of 147 advance tax lecture.
Kind regards Aijaz Ahmed
Great video sir thank you very much
👍
Respected sir.
Advance tax paid by taxpayers ko return mn kahan .kis code mn adjust krna ha. Ya Payments ko claim krny sy computation mn show ho jay ga?.Kindly tell. Thanks
is it also for senior citizens having income only from behbood certificates if income is more than 1.00 M from profit of the said certificate
Very detailed information
Thanks
Sir Agar hum 147 k notice ka reply nhe deta or koi complience nhe krta asy he aty rhy to kia issue ho sakta ha.
I have recently registered AOP, shown income below 100,000 only and received message to pay advance tax. what I should respond?
very informative video
Thanks
@@faheempracticallearning sir please send Draft reply
link
@@faheempracticallearning my payment is too delay last 3 month.
No any deduction my cheque
here 147 received Advance Tax Auto system Assume generate Rs. 46000/-
How We Avoid tax .
How We Make content Draft Reply.
@@shaikhshaab3004 check advance income tax lecture part 2
Sir, execl formate and reply of 147 is missing in the comment section
Commercial importer b advance tax pay kre ga? Importer ka to sara tax port py advance hi pay ho jata hai? Kindly guide me
Yes if payable prepare computation and deduct the minimum income tax that was already deducted at import stage, if any payable must pay
Because tax deducted on import stage is minimum tax not final tax
Commercial importer is again falling under ftr after 1st july 2022?
How can i creat .25 percent challan Update for Distributors
sir yeh cirtificate of deduction or collection of incom tex under rule 42
iris application me
mis me kesy show hoga
this is available on old FBR portal
SALAM SIR MERA ADVANCE TAX MAIN ELIBLE AYA HU KYA AP MERY IS MASLAY KO HALL KR DAIN GAY
My previous consultant showed my income 2020 5 lac and of 2021 465000 of return file the new consultant showed my income 1390000 due to that i got a 97000 advance tax notice i have valid 65000 withholding tax paid in term of car and car rgstrTion fee amnd mobile internet electricity payments..
Pls advice me should i go for a advance tax notice reply or for return file 2022 reconcilation ..
check lecture, and reply same, if tax already paid, then prepare working and attached all document
Sir please guide I received notice 147 my salary income exceed 1 million. FBR charge tax on the basis of last year and 149 section tax can't be adjusted in adjustable form tab.
Thanks for this video. Can i have the content for reply you said you will share in comment section.
Sir one of friends father has recieved a advance tax notice , he is TAKING pension and income from property rent, it means he is not liable to pay the advance tax.
how much per month rent he received?
@@faheempracticallearning 12000 per month only
@@ZAQMotivations not applicable on you
People jin ki income bank saving accounts se hai wo b advance Tax they gay ?
No
@@faheempracticallearning one guy told me yes , my dad overseas retired total income based on bank saving & Tdr etc I was confuse thanks for the update
@@tariqhassan387no advance tax, because bank already deducted when credit profit to your account
@@faheempracticallearning thanks bro stay Bless
sir foreign remittance pe bhi 147 de ga against IT services
No, because bank already deducted tax, before transferring to your account
Aoa... Brother general order supplier pr ye apply ho ga?
yes if income is taxable
Sir, for companies Sep quarter, if last yr tax and turnover is not avl , due to return not filed yet, would you guide about, thanks alot!!
Use current year actual data. If last year no activity
Purpose is only to pay advance tax on quarterly basis. This is just formula offered by law, we can also use our actual estimates
@@faheempracticallearning Sir thanks alot ! & Sir whether to apply 1.25% rate to jul-sep quarter turnover. For advance tax . Thanks
I have received intimation to pay adv tax. My income is rental and the tax is deducted at source. Can you advise what to do.
No need to pay. Just reply you are exempt from advance income tax.
@@faheempracticallearning Thank you! :)
Send notice
Sir mujhy receive howy hn notice 147 advance tax ky lkn mera withholding tax already diya howa tha lkn phir bi notice aye hn
tw kiya ma application dy skta ho ky mera tax nhi bnta ha ye phir tax pay krna pry ga?
make simple calculation sheet, and file reply no need to pay if already deducted, check part -2 lecture, have on channel and same explained
Sir electric bills july sey oct 20 tak government ney relief diya tha bill to tha par payment nahee ki us ka WHT adjustable tax main laina hai ?
Yes adjustable
Executive member. Excellent
Sir
How to link advance tax CPR in Iras?
Click on payment tab
Sir
We are running an organization that is non-profit. But we still got the notice of advance tax. What should we answer him? The problem is that our 2 (36) has also expired. Please give some instructions that look good on you.
Thanks
Send notic recipes from FBR
Excellent
👍
Sir meri aik pharmacy hai aur meri sari deduction 236 k head mei hui hai koi 76000 aur mje aya hai 147 ka notice to kya mje rep krna chahiye plz guide me
prepare working, and file estimate, if no payable just reply, that already deposited advance income tax U/S 236
I own a small company and received 147 notice. My question is Our clients already deduct 4% withholding tax u/s 153 while payment and if i pay advance tax how can i adjust this 4% withholding then. Please guide.
just make calculation as per lecture, and file online reply that customer already deducted income tax at source.
@@faheempracticallearning should i make calculations and file a reply every quarter or whenever I receive the notice ?
@@inamullahrawash265 deadline is 25th of each QTR for 3 and 15th of June for last,
advance tax ki atachment kasa laga sakta ha
Please prepare a video for lpg distributor (Sales Tax & Income Tax)
Already have pls check lecture
Good video sir, waiting for your reply
اسّلام و علیکم ! سر آپکی وڈیوز سے بہت ساری رہنمائی ملی ہے۔ کچھ رہنمائی ایڈوانس ٹیکس کے متعلق چاہئیے، وہ یہ کہ نوٹس 147 کے رپلائی میں ایڈوانس ٹیکس تو جمع ہو گیا ہے اور رپلائی آوٹ بکس میں پڑا ہوا ہے۔ اور جبکہ جمع کروایا گیا ایڈوانس ٹیکس ایم آئی ایس میں دکھائی دے رہا ہے۔اب ضرورت اس بات کی ہے کہ 2021 کی ریٹرن میں اسے کس طرح ایڈجسٹ کرنا ہو گا۔ برائے مہربانی رہنمائی فرمائیے۔ شکریہ
It is technical part. 03007574731 whatsapp for further details
aoa sir property dealers per ye apply ho ga??
For commission agent it is not applicable
Received Notice 147 Advance tax as per same calculation of my previous year amount. However period of Advance Tax start from Jan-21 to Mar-21. In 2021 tax should be less than previous year. Pls let me know the reply of this notice.
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Sir please generic exemption certificate ko kasay apply karein please upload video 153 1
ok, later i will upload one detail lecture in future
Is advance tax to be paid by salaried person/ pensioners.
No
Assalam o alaikum sir, I want to purchase your notes, how can I get them??
0300-7574731 whatsapp on this number for further details
I got Advance tax notice 147 from fbr I paid the challan what can I do in iris ? Payment is done ? How to update payment in iris ?
Check lecture of annual income tax return
@@faheempracticallearning checked but no reply here how I update my payment in iris. Challan paid in bank.
@@AmirKhan-ng2hp In payment TAB
Very nice. Sir, classes or lectures Kesey leni hy. Plz guide
03007574731 WhatsApp on this number for further detail
@ZULFIQAR YAQOOB yes
I am a retired Govt servant. My main income is pension, Behbood certificates, and pensioners account. Last year my DSC get matured and my income from profit became almost 19 lac. I have received a notice. This year my total income from saving center is almost 12 lac.
Is the u/s 147 applied on me ?
السلام علیکم
سر اگر بزنس کے ساتھ ڈیویڈنڈ انکم بھی ہے تو ایڈوانس ٹیکس جمع کرانا ہوگا؟؟
شکریہ
For business if taxable income more then 1 million then need to pay,. For dividend no need to pay
Slaam sir I am filer in fbr . I have saving accounts in ubl bank I got profit after six month bank already deduct withholding Tex but first jubary 2023 received advance Tex email what I can do plz guide
Just reply, that tax already deducted by bank on transfer of profit to your bank account.
Profit amount around 10 lakh hy koi issue hy
LAST TAX YEAR( i.e.Ty 2024) PROFIT EXCEEDS PKR 05 MILLION AND THAT RESULTS IN INCOME FALLING IN NORMAL TAX REGIME. CONSIDERING THIS FACT DO FBR DEMAND ADVANCE TAX UNDER SECTION 147 IN TAX YEAR 2025 CONSIDERING THE FACT TAX IS ALSO DEDUCTED ON THE PREVIOUS YEAR INCOME UNDER SECTION 151 PROFOT ON DEBT AND SECTION 147 ALSO EXEMPT INCOMES FALLING UNDER DIVISION III (i.e. clause d of section 147)??
Kia exporters p b applicable hai ye tax jbk all revnue from uk
No
If tax deducted 1% at the time of export
A.O.A
My question is this, in case Individual or AOP tax will be liable to pay on income not on turnover but advance tax according to law paid on turnover, when file income tax return will be management expenditures will be deducted and in this case paid advance tax calculated as refundable in the tax return?
Yes it will be adjustable in next Five years......if excessive Tax paid on the basis of Minimum Tax / Turnover Tax u/s 113 while filing Annual Income Tax Return...
Plz share reply for FTR & Salaried Individual
No need to reply just ignored, because already exempted clear mentioned in income tax ordinances
Advance tax ka challan kaisy bnaey ??
go to FBR website, in income tax payment, select relevant year, and make advance tax 147 challan, carefully
@@faheempracticallearning epayment ma ?
@@miansaeed2001 yes
Hi I own a company SMC, I submitted return for current year and received the 147 notice, Where as my payable tax was 16,353 and refundable tax is 11,146 as i already paid 27,499 of W/H tax. Now notice state to pay quarter tax of 4495, what should i do here
Just reply online, same calculation with supporting data
Assalam o allykum sir
Need to how iris calculated advance tax based on accounting profit for current quarter?
Please sir
Assalam o alaykum
My question is as per advance tax formula tax liability created. This liability is payable or not. Because at year end when we calculate advance tax liability after dedication of expenses create zero tax liabilities
Waiting ur Reply specimen
Is this applicable on commercial importers as well?
Following
Yes.. it is applicable....on Commercial Importers as well..
My lawyer says foreign remitences are exempted to 5 million rupees in one tax year. Sir any update you have?
For resident person providing services outside Pakistan and after that received money against those service then it is taxable
@@faheempracticallearning Sir under which section???
@@faheempracticallearning You're wrong here! IK announced 100% TAx credit for it but still I received a notice by FBE
@@abrarahmadhashmi2038 dear notice everyone receiving
Very nice 👌
How he calculate "advance tax based on accounting profit" ...?
in my case he calculate advance tax based on accounting profit that is could not understand how he did it. please guide how he calculated?
If it is a Company , then 113C also applicable on it for the calculation of Advance Tax u/s 147.......
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147 advance tax ka reply baataden kia den, apne kaha inbox karunga so plz share me 147 advance tax reply..
Available in link
@@faheempracticallearning Sir where is the link...???
Assalam alekum
Advance tax paid or submit kese karenge
Just put the data on IRIS and submit. No need to worry.
sir hw can i join your proper classes
03007574731 whatsapp on this numbers for proper classes
Great
Please explain how to submit advance tax? I mean to say how can reply to Notice Section 147?
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I have StormFiber internet service and in the invoice, I noticed that they are charging Rs.200+ Advanced income tax. Upon inquiring they said it's according to FBR directive. Is it true? Can they charge Advanced income tax from consumers? Thanks in advance :)
Yes then can charge u/s 236
Assalam u alaikumSir, please guide process to enroll for taxation course
0300-7574731 whatsapp on this number for further details
sir
IRIS
DNFBP
NEW THING AIYE
SIR IS PER VIDEO BANAYE PLZ
Already available check my channel
You did noy add reply of 147 notice please do share it.
Already available
Shehzada brother
👍
plz share Draft of Reply
for the person who is not liable to pay advance tax
I have received intimation to pay adv tax. My income is generate from AOP, (IT Company), Please advise, I already avail Tax Credit..
th-cam.com/video/VSuO_-ImiJY/w-d-xo.html
Send notice
147 who is eligible in this section
kindly define
person
Pls check part 2 of advance tax lecture
Received notice of 147 for 2021.
2020 was submitted as normal tax return due to entry of capital gain tax and other income.
Did you reply the notice? How you have submitted the tax?
@@fawadmunir6816 tax was paid with 2020 tax return. But now 1/4 is being demanded for 2021 as advance tax under 147.
@@pofknowledge th-cam.com/video/VthC3oz3sCM/w-d-xo.html
Asa Sir, So I am a freelancer and work for brands, I filed my Tax Year 2020 tax return. Now I got a notice that I have to pay tax under section 147. is this regarding my 2020 tax return? I did not pay any tax in 2020 as brands had deducted for me on my behalf. Please gudie
th-cam.com/video/VSuO_-ImiJY/w-d-xo.html
If your Income (Sales) as a Sole Proprietor in the Tax year 2020 was More than 1 Million, then you have to pay Advance Tax u/s 147..if it become payable as per Calculation Formula
th-cam.com/video/VthC3oz3sCM/w-d-xo.html
Send your notice
147 advance tax ka reply baataden kia den, apne kaha inbox karunga so plz share me 147 advance tax reply
no reply brother
Wrong. My mother got 147 notice on Behbood certificates. profit on debt etc. Had to file case with FTO still FBR Ali Raza Gillani isnt complying despite FBR issuing refund under tax ordinance 2001 for tax adjustable. Shame on FBR
?
Yes system issues notices to all tax payers ignore this
@@faheempracticallearning how can one ignore 3 notices from FBR. Even FBR incompetent CSS DC commissioner says so in front of judge. Cant even spare widows inthis country let alone normal people. No wonder only a small amount are tax filers in the country.
I m providing offshore IT services, received all payments in bank through foreign remittances
Still received the notice
Please tell me what should I reply
No need to report