Tax returns for FY 2015-2016

[aa78]

Did you refresh, save and reopen the entered data to check?

[Khurramchauhdary]

Yes

Did you refresh, save and reopen the entered data to check?

Yes

[maddy12]

114(1) (Return of Income filed voluntarily for complete year)
Tax Year 2017

Question regarding 1800cc private vehicle registered in March 17 Islamabad.

1- WHT paid to company 75000

Islamabad Registration again had to pay
2- Motor Vehicle Tax 384
3- Income Tax 4500

Then had to pay token tax for payment upto june 18
4- Motor Vehicle Tax 384
5- Income Tax 4500

Now on IRIS i see only one field under Tax Chargeable / Payments -> Adjustable Tax

Motor Vehicle Registration Fee u/s 231B(1)

Q1# On which field in IRIS points mentioned above 1,2,3 can be written?
Q2# If we are being charged of WHT before registration why income tax is again charged in registration?
Q3# Any guidance to get above mentioned amount back?
Q4# Points mentioned on 4,5 would be handled in next year return is that correct?

[Khurramchauhdary]

Yes 4-5 you will mention next year 17-18
Point 2 is non recoverable but you will mention it against "private vehicle tax" receipt amount token tax plus income tax and in next coloum only 4500 income tax which will be added to your total paid tax
Point 1 75000 you will add in 231B(3) if you paid that amount to assembler at the time of purchase which is current practice and 231B (2) if you paid that amount to excise at the time of registration.
Answer of Q2 is that we are living in a country where everything is due on general public WHT is a JAGA or GULU tax without any logic otherwise 99% politicians don't bother to pay custom duty and they are using non custom unregistered imported vehicles so who will bear those losses? Yes we will pay that in shape of WHT extra tax additional tax etc
Ans of Q3 is that you will need to file form 170 for refund of access amount if that is more than your payable tax of next year otherwise you can simply carry it forward to next year.

114(1) (Return of Income filed voluntarily for complete year)
Tax Year 2017

Question regarding 1800cc private vehicle registered in March 17 Islamabad.

1- WHT paid to company 75000

Islamabad Registration again had to pay
2- Motor Vehicle Tax 384
3- Income Tax 4500

Then had to pay token tax for payment upto june 18
4- Motor Vehicle Tax 384
5- Income Tax 4500

Now on IRIS i see only one field under Tax Chargeable / Payments -> Adjustable Tax

Motor Vehicle Registration Fee u/s 231B(1)

Q1# On which field in IRIS points mentioned above 1,2,3 can be written?
Q2# If we are being charged of WHT before registration why income tax is again charged in registration?
Q3# Any guidance to get above mentioned amount back?
Q4# Points mentioned on 4,5 would be handled in next year return is that correct?

[maddy12]

Thank you brother. Precise and to the point reply.

[maddy12]

Is today last date for filling tax Return. Every year FBR announces extension in deadlines. No update in extension yet?

[Majid1]

The date has been extended till Oct 31.

[Khurramchauhdary]

You should start watching the news channels. News of extensions upto 31 October floating on each channel on hourly news headlines because to date only 192k people filed their return and a lot have to do yet.

[maddy12]

Thankyou brother.

[pomi_pbs]

This is too confusing for me too as I am stuck to declare a property which is on Instalment, what would be the cost to be put in system total amount of booking or total amount which has been paid.

After 4 years base value to be claim or current value of asset to be claim.

[abid110]

how can i change my Email address and Mobile number with FBR? (onwhich i receive pin codes)

[Khurramchauhdary]

You have to visit your district fbr office for submission of application hard copy. It can be changed by submission of registration form after amendments. (Not remember the code number of registration form) but you can found it in your Iris account which was already submitted but in my case it wasn't approved online a single time unless I visited their office personally for submission of hard copy but it should as per law and standard procedure.

[am.raza]

By applying modification Through IRIS. FBR's Tax Office will also go through the same process so why bother yourself and go to Fbr's office when you can do it at home. just go to IRIS and apply modification.

[abid110]

Where does modification option come?

[Khurramchauhdary]

Because they don't bother to process the online request for modification.

[am.raza]

Login to your IRIS account and open the 181 form of Modification on the top left side in registration Tab and apply it

you can read my article about NTN for you ease at https://accountantexplains.wordpress.com/2016/11/03/1850/
Cheers.

[am.raza]

@Khurramchauhdary i know there are some problems in IRIS but its a misconception that they don't process Applications. I've personally done this many times and they do well every time.

[aakbar]

Anyone ever received a refund amount?
I've a six figure amount as excess tax which needs a refund but everyone tells me its next to impossible to receive a refund. Is that right? How to get a refund from FBR? Please provide specific details regarding Tax refund process. I appreciate your help in advance

[aa78]

If your salary is getting deducted at source, ask your employer to stop paying income tax on your behalf and adjust refund against fiscal year's tax liability.

[am.raza]

its not impossible but its very difficult nowadays kyu k hamari government ka HAZANA khali ho gya hua hai so REFUND kidar say den. Ye to Sales Tax k refund ro ro kar de rahay hen so income tax ka phir hud hi andaza laga len.