https://www.accountancy.com.pk/forum/ Fri, 15 May 2026 20:25:49 +0000 MyBB https://www.accountancy.com.pk/forum/thread-punjab-revenue-authority-pra-strn-pntn-fbr-strn-ntn Wed, 10 May 2017 14:03:13 +0000 Rana R A Aziz]]> https://www.accountancy.com.pk/forum/thread-punjab-revenue-authority-pra-strn-pntn-fbr-strn-ntn
Please guide what is difference between Punjab Revenue Authority (PRA ) STRN & PNTN & FBR STRN & NTN ... Login ...Passward....same ? & what about if a Firm is register with PRA & FBR having PNTN & STRN # ...where that kind of firm will submit S.Tax Return & Income Tax Returns Monthly as well as Yearly ? hope you understand ?

Regards]]>
Please guide what is difference between Punjab Revenue Authority (PRA ) STRN & PNTN & FBR STRN & NTN ... Login ...Passward....same ? & what about if a Firm is register with PRA & FBR having PNTN & STRN # ...where that kind of firm will submit S.Tax Return & Income Tax Returns Monthly as well as Yearly ? hope you understand ?

Regards]]> https://www.accountancy.com.pk/forum/thread-sales-tax-on-capital-expenditure-sro-regarding-tax-deuction-by-proprietor Tue, 09 May 2017 05:08:58 +0000 Izhar Ul Haq]]> https://www.accountancy.com.pk/forum/thread-sales-tax-on-capital-expenditure-sro-regarding-tax-deuction-by-proprietor
1) Can we take sales tax as input on capital expenditure, if not what is the reason.
2) Previously only pvt limited and limited firm can deduct WHT tax, now I have heard, the sold proprietor can also deduct the tax, is there anyone who can please tell me what SRO, Circular or Finance act has changed this scenario.

Thanks in advance]]>
1) Can we take sales tax as input on capital expenditure, if not what is the reason.
2) Previously only pvt limited and limited firm can deduct WHT tax, now I have heard, the sold proprietor can also deduct the tax, is there anyone who can please tell me what SRO, Circular or Finance act has changed this scenario.

Thanks in advance]]> https://www.accountancy.com.pk/forum/thread-sales-tax-income-tax Wed, 01 Mar 2017 10:35:00 +0000 Agha88]]> https://www.accountancy.com.pk/forum/thread-sales-tax-income-tax
1) He withholds the total amount of sales tax charged (eg: 17%) and pays the remainder to the vendor.

2) Or either he withholds 1/5 of the sales tax charged (eg: 17% *1/5) and pays the remainder to the vendor.

I asked for any supporting evidence regarding his two different treatments but he failed to mention any rules or sections supporting his treatment.

Kindly advise which treatment is correct 1 or 2 and under what sections are these sales tax rules mentioned in the sales tax act.

Regards,]]>
1) He withholds the total amount of sales tax charged (eg: 17%) and pays the remainder to the vendor.

2) Or either he withholds 1/5 of the sales tax charged (eg: 17% *1/5) and pays the remainder to the vendor.

I asked for any supporting evidence regarding his two different treatments but he failed to mention any rules or sections supporting his treatment.

Kindly advise which treatment is correct 1 or 2 and under what sections are these sales tax rules mentioned in the sales tax act.

Regards,]]> https://www.accountancy.com.pk/forum/thread-income-tax-on-foreigners Sat, 21 Jan 2017 06:49:35 +0000 Izhar Ul Haq]]> https://www.accountancy.com.pk/forum/thread-income-tax-on-foreigners
Is the Chinese are exempt from income tax or not, if the tax is applied on them then how do we treat the tax i.e what type of tax parameters applied on them

what type of treatment income tax ordinance 2001 and rules 2002 applied on them]]>
Is the Chinese are exempt from income tax or not, if the tax is applied on them then how do we treat the tax i.e what type of tax parameters applied on them

what type of treatment income tax ordinance 2001 and rules 2002 applied on them]]> https://www.accountancy.com.pk/forum/thread-advantages-of-registration Tue, 10 Jan 2017 05:50:35 +0000 Agha88]]> https://www.accountancy.com.pk/forum/thread-advantages-of-registration
I work in a Private company and I am not registered with FBR. What will be the benefits if I get registered with FBR? I am already a taxpayer as the tax is deducted from my salary on monthly basis. Will I have to pay extra tax if I get registered and become a filer? I am new to tax laws, therefore basic explanations will be appreciated.

Regards,]]>
I work in a Private company and I am not registered with FBR. What will be the benefits if I get registered with FBR? I am already a taxpayer as the tax is deducted from my salary on monthly basis. Will I have to pay extra tax if I get registered and become a filer? I am new to tax laws, therefore basic explanations will be appreciated.

Regards,]]> https://www.accountancy.com.pk/forum/thread-mileage-expenses Tue, 15 Nov 2016 17:16:16 +0000 craig.morgan.528]]> https://www.accountancy.com.pk/forum/thread-mileage-expenses
Sent from my SM-G900F using Tapatalk]]>
Sent from my SM-G900F using Tapatalk]]> https://www.accountancy.com.pk/forum/thread-expenses-in-wealth-statement Wed, 19 Oct 2016 13:53:39 +0000 Izhar Ul Haq]]> https://www.accountancy.com.pk/forum/thread-expenses-in-wealth-statement https://www.accountancy.com.pk/forum/thread-tax-on-supplies--19847 Wed, 20 Apr 2016 09:11:05 +0000 Information Consultant]]> https://www.accountancy.com.pk/forum/thread-tax-on-supplies--19847 https://www.accountancy.com.pk/forum/thread-tax-on-rent--19844 Fri, 11 Mar 2016 10:30:59 +0000 AbdulSamad]]> https://www.accountancy.com.pk/forum/thread-tax-on-rent--19844
I already check tax rates on FBR portal WHT Rates Card. Its already said for individual and AOP Exempted Tax 150,000 and exceeeding 150,000 to 1000,000 tax deduction with 10% and above from 1 million tax deduct 15% with plus 85000/-

and for deduction COmpany's Rent it would be 15%.

Then why IRIS deducting 15% on Rent amount whereas payments belong to individual not a company.

Please confirm me, am i right side or not ? Is that Iris mistakes ?]]>
I already check tax rates on FBR portal WHT Rates Card. Its already said for individual and AOP Exempted Tax 150,000 and exceeeding 150,000 to 1000,000 tax deduction with 10% and above from 1 million tax deduct 15% with plus 85000/-

and for deduction COmpany's Rent it would be 15%.

Then why IRIS deducting 15% on Rent amount whereas payments belong to individual not a company.

Please confirm me, am i right side or not ? Is that Iris mistakes ?]]> https://www.accountancy.com.pk/forum/thread-tax-on-tax Tue, 08 Dec 2015 08:38:04 +0000 shahidonline]]> https://www.accountancy.com.pk/forum/thread-tax-on-tax
Case:
We are working as Advertising agency in Karachi and registered in Sindh Sales Tax.

Our Client is in Lahore and registered in Punjab Sales Tax.

News Paper Ad PKR.85,000/-
Service Charges PKR.15,000/-
Sindh Sales Tax PKR.2,100/-
Our Invoice PKR.102,100/-

Our Client deducting
PKR.2,100/- @ 14% on PKR.15,000/-
&
PKR 8,168/- @ 8% on PKR.102,100/-

Is it correct?]]>
Case:
We are working as Advertising agency in Karachi and registered in Sindh Sales Tax.

Our Client is in Lahore and registered in Punjab Sales Tax.

News Paper Ad PKR.85,000/-
Service Charges PKR.15,000/-
Sindh Sales Tax PKR.2,100/-
Our Invoice PKR.102,100/-

Our Client deducting
PKR.2,100/- @ 14% on PKR.15,000/-
&
PKR 8,168/- @ 8% on PKR.102,100/-

Is it correct?]]> https://www.accountancy.com.pk/forum/thread-punjab-sales-tax Tue, 08 Dec 2015 08:15:35 +0000 shahidonline]]> https://www.accountancy.com.pk/forum/thread-punjab-sales-tax https://www.accountancy.com.pk/forum/thread-ptr-ftr-ntr-str Mon, 02 Nov 2015 04:51:58 +0000 Izhar Ul Haq]]> https://www.accountancy.com.pk/forum/thread-ptr-ftr-ntr-str 1) what are the PTR (presumtive tax regime) FTR (final tax regime), NTR (normal tax regime) STR (separate tax regime), please provide the nature of the business (exporter, importer, local sales) and company (company, AOP, individual) on which the said apply.
2) if a pvt company has the nature of exporter and local sales then which tax regime will be apply.
3) if a pvt company has the nature of local sale then which tax regime will be apply
3) if a pvt company has the nature of importer, exporter and local sales then which regime will be apply.

from the above I totally mentioned PVT but if the same nature of busines doing an individual then the same tax regime will be applied or not and lastly for the limited comapny what regime will be applied.]]> 1) what are the PTR (presumtive tax regime) FTR (final tax regime), NTR (normal tax regime) STR (separate tax regime), please provide the nature of the business (exporter, importer, local sales) and company (company, AOP, individual) on which the said apply.
2) if a pvt company has the nature of exporter and local sales then which tax regime will be apply.
3) if a pvt company has the nature of local sale then which tax regime will be apply
3) if a pvt company has the nature of importer, exporter and local sales then which regime will be apply.

from the above I totally mentioned PVT but if the same nature of busines doing an individual then the same tax regime will be applied or not and lastly for the limited comapny what regime will be applied.]]> https://www.accountancy.com.pk/forum/thread-monthly-e-filling-i-tax-statment-wht-statement-salary-and-other-than-salary Mon, 24 Aug 2015 05:34:04 +0000 AbdulSamad]]> https://www.accountancy.com.pk/forum/thread-monthly-e-filling-i-tax-statment-wht-statement-salary-and-other-than-salary
Can any one guide? someone told me FBR going to change their Website soon. is that true?]]>
Can any one guide? someone told me FBR going to change their Website soon. is that true?]]> https://www.accountancy.com.pk/forum/thread-depreciation-on-building Fri, 12 Jun 2015 12:28:09 +0000 javed4452]]> https://www.accountancy.com.pk/forum/thread-depreciation-on-building
I have recently start job at a private limited company. we have been to new building where we have bought entire floor. what will be depreciation charge for tax. Can we claim initial allowance and if so on what amount (total price we paid or we need reduce amount to account for cost of land ).

I will greatly appreciate help of my brothers.

Thanks
Javed Ahmed]]>
I have recently start job at a private limited company. we have been to new building where we have bought entire floor. what will be depreciation charge for tax. Can we claim initial allowance and if so on what amount (total price we paid or we need reduce amount to account for cost of land ).

I will greatly appreciate help of my brothers.

Thanks
Javed Ahmed]]> https://www.accountancy.com.pk/forum/thread-withholding-tax-amount Thu, 19 Feb 2015 09:00:02 +0000 Jay]]> https://www.accountancy.com.pk/forum/thread-withholding-tax-amount
If the advance payment of a contract made with a tax deduction which was deposited as well. But later on contract goes into Cancellation without any deliver. How much refund should be; the gross amount or the net amount? Either payer will book tax amount as cost or the receiver has to refund gross amount and will accept tax deduction certificate?

Waiting for a kind response]]>
If the advance payment of a contract made with a tax deduction which was deposited as well. But later on contract goes into Cancellation without any deliver. How much refund should be; the gross amount or the net amount? Either payer will book tax amount as cost or the receiver has to refund gross amount and will accept tax deduction certificate?

Waiting for a kind response]]>