The only exception to the above general rule is that in case of a company, the tax deducted at source from Dividend is an adjustable tax deducted at source and the dividend subject to deduction of tax or dividend which is exempt from deduction of tax at source, is chargeable to tax, if not otherwise exempt; please guide as in iris; section 150 is falling in Full and final;;;;;but in adjustable; section 150 not being shown
Sir.. supply pr jo tax withhold hota hai agar wo corporate taxpayer ka ho raha ha to adjustable hota hai or agr indivvidual ya aop taxpayer ho ga to minimum ho ga ... or ap ko minimum tax liability ki calculation b ghalat hai... minimum tax liability ka alag se aik tab hai return me jis me system withholding pr attributax taxable income nikal kr kr us pr tax lagata hai or us tax ko witholding tax se minus kr k jo bachta hai usy minimum tax difference nikal kr liability me add krta hai...apko concept theek ni hai
For export of services under FTR. If export of services Pvt LTD get internet service from vendor Pvt LTD, and vendor Pvt LTD deducted 15% Advance Tax from export of services Pvt LTD. Is that deduction valid? Note: export of services Pvt LTD already paid 0.25% on remittance received in bank. Thanks for this video👍, as it gives complete guidance for FTR, minimum tax and advanced tax.
Sir ager Kisi ne 26 sep 2024 ko purchase ki hai aur us purchase ke withholding tax ka psid banana hai to tax year men Konsa year select karen ge 2024 ya 2025 plz guide
dear sir meray ek client ki section 153(1) a me 4.5% k hisab se Supply he Rs. 965,313 r tax deduct hua he Rs. 43,440 r uski is saal me local sale he Rs. 29,985,000 r normal income he RS. 600000 lekin jb hum normal income bnatay he to ye tax demand nikal deta he minimum tax calculate kr k brae mehrbani is pr rehnumai farmae kiu k final tax ko bhi ab minimum tax kr dia gaya he to wo kis trah hum calculate krein gay
Masha Allah bht aala. Mra Senior iss ko issue bna kar mjay bht taung karta hy aur dousra agr individual ka CNIC Nhi dalain sirf NTN daal dain tou koi issue hota hy?
Sir es calculation ke saath IRIS pe upload karnay ke baad IRIS Minimum tax TAB men attributeeable income ki calc karta hai usko explain kar dain and yeh bhi bata agar inoives pe 4.5% MTR tax cut huwa kye es revenue pe dobara 1.5% Mini 113 wala consider hoga???
Sir yeh bhi explain kar dain agar MTR wala tax 9% (non ATL) men zaida cut ho ja khuch period ke liye and khuch pe 4.5% wala ho tou jo excessive deduct ho uski treatment kya hogi kya woh refundable men aa jae ga.... esi tarah agar goods pe by mistake services wala ya by mistake koi aur additional rate than 4.5% tax WHT ho ja tou us excessive ki treatment kya hogi..... Thanks
Sir in case of exporter ,tax liability is payable on 1% turnover , but exporter also sell their leftover goods domestically how would it be treated when calculating income tax since the liability is decided on basis of exporter turnover .
then 2 portion of sale one export and local, apply separate rules on both category sales, for exporter 1% final and for local apply minimum or adjustable rules,
Sir question abi b same ha, k kis base pe adjustable ya final select karain, bcz ma na aik party ka tax final ma juma kraya to party na rola fala k adjustable ma krana tha, ab yeh ni smj aa rhe k kis base pe final ya adjustable select karain
Mera aik dost ha jo honda motorcyle ka distributor ha aur 100% adjustment ki category me fall krta ha....uska input 60% disallow hua although integration ka bd order hogya to remove input bar....lakin fbr walay khte han jis month me input disallow hua us month me apko disallow payment pay krne hoge next month uska refund milayga...kya koi way ha ka payment se bach jayen?
Sir earlier my Senior used to calculate Tax liability on Turnover (Local + Export) @ 1% since our company was engaged in 90 percent Export and 10 percent local and it was FTR at that time but this year he calculated tax liability on Operating Income before Taxation as Normal Tax regime , my concern is he was suppose to calculate Export Part on basis of turnover @ 1% (FTR) and remaining Local Part as Normal Tax regime but he calculated entire Tax liability of Exported oriented company as Per normal tax regime .. please guide me either he is right or he was suppose to spilt the tax liability on basis of Export (FTR basis) and Local Sale ( NTR) .. i was told that now FTR is no more valid on Export ...
Employees jab apna return file karainge tou jesay apne.kaha sir ke manufacturing keliye adjustable baqi other business ke liye final ....tou salary individual tou business mai fall nai karta usko adjustable mai q dala final mai q nai ???
Aoa sir aik person ki salary 149 pr annual ha. aur us ka tax 10% bhi cut hua kuch companies me . jab iris me hum entries krte ha to tax refundable me ajata salary pr jo tax tha wo pura cut hua ha. ye Difference of Minimum Tax Chargeable me batata kuch tax. is ka explain krde zara.
Wht statement 165 ma agar different fbr payment code hay range walay i.e to 1531b 9 % to 13 % paid agar Adjustable ma kiya hay to final ma taxable different show hota hay ,mean mismatch ho jata hay Why sir?
AOA sir i am trying to upload debit notes through the template but it showing error and when i use to feed in iris there is only dec and jan date avalible and if i go with the template it use to take only my oct debit note and shows error on the other dates and while i use to import it use to say file version miss match
@@faheempracticallearning sir 1 teacher payment receive krta ha under sec 153(1)b at 10% and some payment received at 8% allama Iqbal uni se us case main ye ftr main aye ga k adjustable main
Sir main teacher hon, 2022-23 ky period mein mera 821730 salary sy tax 4158 cut hua jab ky iris ny 5337 calculate kia. Taxable income 803730 thi, 18000 madical allowance ki waja sy exemption thi. Kindly bta dy jo 4158 main ny pay kia ye kon sa tax banta hai mimimum ya adjustable?
Sir agr hum adjstble py tax pay krwae gy. or hmari income py wo tax charge nhi hota to amount refundble me show hogi. or wo hum next year use kr skty h. or agr final me pay kry gy to final hojae ga NO udjsment. kindly oversee
in this lecture, we discussed about payment of withholding, when Mr A deduct income tax of Mr B and deposit may be on Final or adjustable not issue for Mr A, but Mr B will file his annual income tax return as per rules applicable to Mr B, for example if he fall under final regime, then he will report this deduction under final regime, so 2 part of lecture
Dear sir, I work in a Gold Jewelry sales & buying business my monthly sale does match with FBR sale I noticed that some FBR invoices does not have FBR invoice number, kindly suggest what should I do
Ap ki videos boht informative hoti han Jo Tax ka kam krta h specially us k lia..God bless u and Keep it up
Jazak Allah
you are a hero.i followed from MHSS group and just a fan of you. thanks for all support and videos
Today i understood the diff between two after 6 years in accounts working. Haha. JazakAllah Sir
Great 👍
Great Job. Getting better understanding after taking your lecture and many concepts clearing day by day.
👍
Behtareen video Faheem Bhai Masha Allah
mashallah your are the best teacher
Mashallah sir I was very confused now solved
Great Faheem Mehboob
Jazak Allah
@@faheempracticallearning Sir please make one video how to file tax return for person earning from commission under sec 233 ITO, 2001
Very nice Respected Sir..... Great efforts
👍
Explained very well..
It is written that its adjustable for company and if monthly bill exceeds 30000 per month then it is also adjustable for others.
Yes for all tax payers, it is Advance income tax, provided bill must be on NTN or CINC, that need to adjust
MASHA ALLAH
Sir,Thanks for knowledge
Most welcome
The only exception to the above general rule is that in case of a company, the tax deducted at source from Dividend is an adjustable tax deducted at source and the dividend subject to deduction of tax or dividend which is exempt from deduction of tax at source, is chargeable to tax, if not otherwise exempt; please guide as in iris; section 150 is falling in Full and final;;;;;but in adjustable; section 150 not being shown
Dividend covered under Final tax
Sir.. supply pr jo tax withhold hota hai agar wo corporate taxpayer ka ho raha ha to adjustable hota hai or agr indivvidual ya aop taxpayer ho ga to minimum ho ga ... or ap ko minimum tax liability ki calculation b ghalat hai... minimum tax liability ka alag se aik tab hai return me jis me system withholding pr attributax taxable income nikal kr kr us pr tax lagata hai or us tax ko witholding tax se minus kr k jo bachta hai usy minimum tax difference nikal kr liability me add krta hai...apko concept theek ni hai
MashAllah
For export of services under FTR. If export of services Pvt LTD get internet service from vendor Pvt LTD, and vendor Pvt LTD deducted 15% Advance Tax from export of services Pvt LTD.
Is that deduction valid?
Note: export of services Pvt LTD already paid 0.25% on remittance received in bank.
Thanks for this video👍, as it gives complete guidance for FTR, minimum tax and advanced tax.
Yes, as per law, Internet, providers companies need to charge, advance income tax.
Sir ager Kisi ne 26 sep 2024 ko purchase ki hai aur us purchase ke withholding tax ka psid banana hai to tax year men Konsa year select karen ge 2024 ya 2025 plz guide
Sir Kindly Also Make Videos On How To Apply For Sales Tax/Income Tax Refund And What Calculation You Have To Perform And How To Get Refund? Thanx.
noted, in future i will explain
minimum tax jo applicable ha wo 10 million say above ka turnover pay ha jinka turnover 10 million say kum ha to wo sirf slab rate layga kaya?
dear sir meray ek client ki section 153(1) a me 4.5% k hisab se Supply he Rs. 965,313 r tax deduct hua he Rs. 43,440 r uski is saal me local sale he Rs. 29,985,000 r normal income he RS. 600000 lekin jb hum normal income bnatay he to ye tax demand nikal deta he minimum tax calculate kr k brae mehrbani is pr rehnumai farmae kiu k final tax ko bhi ab minimum tax kr dia gaya he to wo kis trah hum calculate krein gay
Check lecture of annual income tax return
Masha Allah bht aala. Mra Senior iss ko issue bna kar mjay bht taung karta hy aur dousra agr individual ka CNIC Nhi dalain sirf NTN daal dain tou koi issue hota hy?
Yes no issue, just double check NTN should be right
Sir es calculation ke saath IRIS pe upload karnay ke baad IRIS Minimum tax TAB men attributeeable income ki calc karta hai usko explain kar dain and yeh bhi bata agar inoives pe 4.5% MTR tax cut huwa kye es revenue pe dobara 1.5% Mini 113 wala consider hoga???
already have lecture on this topic, check channel
Thanks 👍
Sir please elaborate between PTR and NTR
Sir Anex-B me agr hum ne import stage pe Value addition tax pay kiya tu wo input ka part nai ban raha ?
yes, still work in process, wait for next update from FBR side
sir minimum k case me prescribed or non prescribed sales bhi hote hain na is issue ko bhi kindly address ker dayn..
yes later i will upload detail lecture on this topic
Sir yeh bhi explain kar dain agar MTR wala tax 9% (non ATL) men zaida cut ho ja khuch period ke liye and khuch pe 4.5% wala ho tou jo excessive deduct ho uski treatment kya hogi kya woh refundable men aa jae ga.... esi tarah agar goods pe by mistake services wala ya by mistake koi aur additional rate than 4.5% tax WHT ho ja tou us excessive ki treatment kya hogi.....
Thanks
later, i will upload one by one
Sir in case of exporter ,tax liability is payable on 1% turnover , but exporter also sell their leftover goods domestically how would it be treated when calculating income tax since the liability is decided on basis of exporter turnover .
then 2 portion of sale one export and local, apply separate rules on both category sales, for exporter 1% final and for local apply minimum or adjustable rules,
faheem bhai pos ma registered hone k bad jan-22 k return ma sale upload kar rahe hain to 17 % tax nahi show kar raha value show kar raha ha plz help?
Check POS Integration
Allah bless you
Sir question abi b same ha, k kis base pe adjustable ya final select karain, bcz ma na aik party ka tax final ma juma kraya to party na rola fala k adjustable ma krana tha, ab yeh ni smj aa rhe k kis base pe final ya adjustable select karain
Check lecture again
Mera aik dost ha jo honda motorcyle ka distributor ha aur 100% adjustment ki category me fall krta ha....uska input 60% disallow hua although integration ka bd order hogya to remove input bar....lakin fbr walay khte han jis month me input disallow hua us month me apko disallow payment pay krne hoge next month uska refund milayga...kya koi way ha ka payment se bach jayen?
Sir earlier my Senior used to calculate Tax liability on Turnover (Local + Export) @ 1% since our company was engaged in 90 percent Export and 10 percent local and it was FTR at that time but this year he calculated tax liability on Operating Income before Taxation as Normal Tax regime , my concern is he was suppose to calculate Export Part on basis of turnover @ 1% (FTR) and remaining Local Part as Normal Tax regime but he calculated entire Tax liability of Exported oriented company as Per normal tax regime .. please guide me either he is right or he was suppose to spilt the tax liability on basis of Export (FTR basis) and Local Sale ( NTR) .. i was told that now FTR is no more valid on Export ...
exporter fall under FTR other part taxable on NTR
Asalam o Alaikum section 149 adjustable q hota hai ??? Salary tou manufacturing aur other than manufacturing dono detay hain
Adjustable for employees
Employees jab apna return file karainge tou jesay apne.kaha sir ke manufacturing keliye adjustable baqi other business ke liye final ....tou salary individual tou business mai fall nai karta usko adjustable mai q dala final mai q nai ???
It is adjustable for employee in annual return
@@faheempracticallearning tou employees ke liye adjustable q final q nai ???
@@saadtariq4316 dear it is law, we need to follow law
Aoa sir aik person ki salary 149 pr annual ha. aur us ka tax 10% bhi cut hua kuch companies me . jab iris me hum entries krte ha to tax refundable me ajata salary pr jo tax tha wo pura cut hua ha. ye Difference of Minimum Tax Chargeable me batata kuch tax. is ka explain krde zara.
Check data, may be reporting not ok,
Report in salary tab
@@faheempracticallearning agr aik income 153 section wali 149 pr add kr k entry krde to koi issue to ni ho koi notice ane ka chances to ni ho ga sir?
@@saleemshaukat1500 no, if tax deducted on 153, then need to report in business income.
Check lecture of rent , business income and salary, already have on channel
Wht statement 165 ma agar different fbr payment code hay range walay i.e to 1531b
9 % to 13 % paid agar
Adjustable ma kiya hay to final ma taxable different show hota hay ,mean mismatch ho jata hay
Why sir?
AOA sir i am trying to upload debit notes through the template but it showing error and when i use to feed in iris there is only dec and jan date avalible and if i go with the template it use to take only my oct debit note and shows error on the other dates and while i use to import it use to say file version miss match
yes wait for next updates from FBR side
Plz tell me how is averahe tax rate
?
Dear Sir, you have not discussed thrashhold limit for minimum tax for non manufacturer, does it come for minimum tax application or not.
In case of govt.employee same concept apply sir?153(1)b services
Not get your point?
@@faheempracticallearning sir 1 teacher payment receive krta ha under sec 153(1)b at 10% and some payment received at 8% allama Iqbal uni se us case main ye ftr main aye ga k adjustable main
@@advocateqaisar1897 adjustable
@@faheempracticallearning sir adjustable tab main 8% ha bit 10% ni ha.income tax return 2022 form mainm
@@advocateqaisar1897 use minimum in facts no difference in the end between minimum and adjustable
Sir main teacher hon, 2022-23 ky period mein mera 821730 salary sy tax 4158 cut hua jab ky iris ny 5337 calculate kia. Taxable income 803730 thi, 18000 madical allowance ki waja sy exemption thi. Kindly bta dy jo 4158 main ny pay kia ye kon sa tax banta hai mimimum ya adjustable?
Salary per Jo tax deduct hota hain u/s 149 it's adjustable not minimum. Please feel free to contact me any further assistance.
Sir Currently Tax return IRIS portal is not considering the logic you used in this video.
UnRegistered Trasporter, how much is the SRB tax?
not get your point, explain again
I have submitted return for tax year 2021 and 2022 and now I want to be Filer so which year I will make challan ?
tax year 2021, for this you also need to file return of tax year 2021
@@faheempracticallearning I am small Transporter so which challan I will make ? Thanks.
@@jojinfoworld income tax thn select miscellaneous thn select ATL option
Any way for exemption of 1% WHT on exports?
Final tax, have no exemption
Sir agr hum adjstble py tax pay krwae gy. or hmari income py wo tax charge nhi hota to amount refundble me show hogi. or wo hum next year use kr skty h. or agr final me pay kry gy to final hojae ga NO udjsment. kindly oversee
in this lecture, we discussed about payment of withholding, when Mr A deduct income tax of Mr B and deposit may be on Final or adjustable not issue for Mr A, but Mr B will file his annual income tax return as per rules applicable to Mr B, for example if he fall under final regime, then he will report this deduction under final regime, so 2 part of lecture
Dear sir, I work in a Gold Jewelry sales & buying business my monthly sale does match with FBR sale I noticed that some FBR invoices does not have FBR invoice number, kindly suggest what should I do
Asslam o alikum sir
Kindly send sec 153 rates on different items and sro who is withholding agent
Dear one by one i will explain next lectures
Sir whether minimum tax should be carried forward to the next year like adjustable tax or not?
no
235k tax on electricity adjusted tax hai ya final hai
Adjustable
Sir ,minimum tax is only applicable if turnover in year has gone above 10m ?
yes if unregistered sale, if registered sale then 4% or 4.5 for company and other then company ;)
sir g apka kisi nay 1lac 17 hazar qarz dena tu nahi hai ya phir 1 lac 17 hazar ka nuksan hogya hoo har video m e 117k amount lay ray hootaay
😄, it is easy to understand, round amount.
Thanks for knowledge
Jazak Allah