Information for filer and non filer tax payers

[anon35615524]

And I will be too But mujhay ye tension lagi hui hai k main apna pehlay wala tax adjust kaisay karwaoon ga? Ya kitna time lagay ga?
(Because mera jitna Advance I.T / W.H.T bana hua hai aur Govt. ki taraf due hai, iss ratio sey to aglay 2-3 saal b shayed adjust na ho paye... )
I am not sure if claimed, then whether FBR diectly transfers the withheld tax in the filer's bank account or not? Or...
FBR karti b hai ya nai? Ya yeh hi nai keh daiti k salary hi mein sey adjust karwatay rahein

[azfarnb]

I have never heard of a refund issued by FBR. Maybe they do, I don't know. All I know is, I have one application of refund from year 2015 and it is still in my IRIS outbox. Woh email kabhi send he nai hui . Since I have been a salaries individual, uptil June 2016, I used to give receipts to my company (the source of deduction) and they used to adjust my taxes accordingly.

For example; I bought a city in November 2016 - Claimed the 30,000 WH tax in July 2017 along with all the PTCL with-holding taxes + bank WH Taxes and Token Tax - They paid everything back to me and filed my income tax to FBR accordingly.

The whole picture changed after July 1st 2017 when my company started to submit the WH tax on monthly basis to FBR. Our accounting method was changed where the the company started to deduct tax on supposed yearly income of FY 2017-2018.

[anon35615524]

ALLAH Pa'ak Khaer Hi Karein...

[brownrose78]

@capsat
Bhai. One of my another relative has came back to Pakistan in 2010 from UAE after almost 40 years.

When in 1970, he went to UAE, he opened his Foreign currency account(US Dollar account) at bank in Pakistan. That account is still operational. He sent remittance in it during his job in UAE.

Now his son sometimes who lives in Canada send him some Dollars after 3-4 months or jab time mil jaye ya khiyal a jaye

My relative(age MAshallah now around 75) is not a filer as he told that whatever he earned, he earned all in uae and when he came back to Pakistan in 2010, after that he is living Retired life with no income. He has 1 son living with him & he bears all household expenses.

1. Now will his account will be closed as he is not a filer
2. Will he face difficulty in Cash with drawl from this account or no difference?
3. Will he face difficulty if his son who is residing in Canada send him money from abroad to his father's USD account?

He is really very worried. Please answer these queries

[capsat]

he can register as senior citizen at FBR website and home remittance received from son abroad is enough for him to stay as filer.

contact an income tax lawyer - in Karachi it is mr. mohsin mobin 0300 9231040
for rwp / isb mr. soomar 0333 5165424

[brownrose78]

@capsat BHAI
I told him your method but he told that his son send him 150 dollars after 3-4 months for eid cloths and aunty medicines.

His another son who lives with him earns 35,000 monthly in which he is running all home expense.

They have 1 small flat of 2 bedroom at North Karachi where they live and that flat is in name of Aunty.
They have 1 bike of 87 model Yamaha which is in name of younger son who is earning 35 thousand so is my uncle eligible or liable to become filer at this retirement life.

[capsat]

call up lawyer please

[lazers]

One more thing if anyone can help in. I sold my car and got another one, so entering the price of new car has increased the assets and now around that much amount is coming under unreconciled amount. Do I also have to add that amount in expense as well to balance it. The only thing I found is "Other Personal / Household Expenses " where this amount can be entered.

[anon35615524]

Sir as per my understanding / knowledge, you need to do the following:

1. Go to "Personal Assets / Liabilities" (the second part of wealth statement)
2. Remove all the details / cost / price of your previous car mentioned in the previous Fiscal Year
3. Go to "Reconciliation of Net Assets" (the 3rd part of wealth statement) and check 02 things; "Gain on Disposal of Assets, excluding Capital Gain on Immovable Property" OR "Loss on Disposal of Assets"
4. If you bought the car for 10 lac and sold for 11 lac, you will mention 1 lac in "Gain on Disposal of Assets, excluding Capital Gain on Immovable Property"
5. Similarly, If you bought the car for 10 lac and sold for 09 lac, you will mention 1 lac in "Loss on Disposal of Assets"
6. Check and try to reconcile / adjust.

I am hopeful, the issue will get resolved. IN SHA ALLAH.

[lazers]

Thank you very much. Seems logical.
However, suppose after selling the car and adjusting this gain / loss, I put in couple of lac more to buy a new car. I now add the new car in second part of wealth statement thus assets will increase. Now the differential portion (the extra money I had to put in to buy another car) is not reconciled. Will I have to enter that amount in expense ? The only thing in expense where i can enter such is "Other personal / Household expenses" ? Any idea about that ?

[anon35615524]

You are welcome Sir. Regarding your query, I will try to answer as per my understanding, knowledge and logic:

Complete details of the new car will come under the header of "Motor Vehicle (Non-Business)" [Code 7008], in part 02 of wealth statement "Personal Assets / Liabilities". When you will remove all the details of previously owned vehicle, and also mentioning gain / loss on asset regarding it, then it's chapter will be permanently closed, and chapter for new car will open.

The assets value may increase OR decrease, e.g. If you previously owned a car worth 10 lac, and you sold it for 9 lac, you will mention 1 lac in "Loss on Disposal of Assets", and afterwards, if your newly bought car is worth less than 9 lac, and all other parameters are kept same, then it's a decrease in assets value, and similarly, the same is true for vice versa.

If the new car is worth more than 9 lac (may be 10 lac, 11 lac or more) and all other parameters are kept same, then it will be increase in assets. However, if all parameters are kept same / constant, final difference / reconciled amount will never be zero!

For reconciliation or the difference to be zero, you will have to adjust your inflows / outflows, personal expenses, and play between them.

If your income / inflows are constant and the same as per last year (just for the sake of understanding, usually income / inflows are higher than previous years, especially for salaried people), and other than car, you did not buy / sell anything else, then you will only have to adjust your personal expenses and car price. If car price is high, adjust by decreasing personal expenses. Similarly, If car price is low, adjust by increasing personal expenses.

The only thing in expense where i can enter such is "Other personal / Household expenses" ?

It's not necessary! You can adjust values in other headers / codes too!

I hope, it all helps. Thank you!

[lazers]

Thanks, it solves my problem.

[anon35615524]

My Pleasure, and you are always Welcome Sir.

[brownrose78]

@basitali87
My cousin is willing to buy car this month. He has no car before & also recently made his NTN
Now how he should add/declare his car?

Will it automatically update the record at time of car transferring(from Civic centre) or do he has to perform some manual work too?

[anon35615524]

Well, as per my understanding Sir, if your cousin intends to buy car this month (August is almost gone, I am assuming September, 2018) then for sure, he will add / declare details of his car next year, when he will be filing his returns for the Fiscal year: 2018-2019 (i.e. starting 01 July, 2018 and ending 30 June, 2019), and September, 2018 is covered in this FY.

Yes, as per my experience, the record is updated automatically everywhere as soon as your name comes in ATPL. Since it is related with the CNIC, and all those places where CNIC is referred to, i.e. bank accounts, E&T departments, etc., the record is automatically updated and no manual work is required.

at time of car transferring(from Civic centre)

I am a bit confused now. Is he buying a locally assembled brand new car, or a used one / imported one?
For a locally assembled, brand new car, I think no transfer is required (neither at showroom nor at E&T department) and invoice is directly made on the name of first owner, however, in case of imported vehicles / used vehicles, transferring process is involved.

[Khurramchauhdary]

Can anyone please guide me which returns has to file through which forms of iris for a government own DHQ hospital which is registered as company and FTN is issued.?

[Moderator]

[Moderator]