Income Tax Return 2020 | Tax Slabs For Financial Year 2020 | 2020 Main Kitna Tax Jama Karwana H

In the video we discuss Income Tax Return 2020 with the Tax Slabs For Financial Year 2020 in other words 2020 Main Kitna Tax Jama Karwana H. This video also related to How to File income Tax Return 2020, and Some technical point for visa application documents specially Bank Statement and Return. FBR New Updates Makes Easy to File Return For Resident or Non Resident Pakistani. Tax Return or File income tax return for non-resident Pakistani in this video we will discuss about FBR new features or FBR new updates which is explain the value added process by its Icon it just like kid can understand easily by icon as kid can use mobile by its icon and they do not know what’s meaning of the icon name.
How to file income tax return due FBR New updates about its icon for value added easiness and attractive we have explain all icon meaning in the video. There some icon like, annual salary, annual deduction on salary, monetization “Civil Servant”, Profile in leiu or addition to pay, Flying/Submarine Allowance to pay, Commercial Profit Allowance, Employment Termination Benefits, Salary Arreas.
Other FBR New updates icon are Pension/Annuity, Yield on Behbood Certificate and Foregin Icon. Other are Super Tax are explained very well in the video. Our main focus on how to File income Tax Return 2019, FBR New Updates Makes Easy to File Return. which is most important for business purpose, resident and non resident person for job purpose but in the video file income tax return for business purpose as shown tax return process step by step guideline whereas most of the person can understand the process for tax return.
The video is special made for viewers In the video we discuss how to File income Tax Return 2019, FBR New Updates Makes Easy to File Return. We discussed very important thing in this video which is reconciled Amount which should be zero after balance the Wealth sheat, there are both side, one side is inflow and other side will be outflow and assets, In every case both side should be equal to file return. We have explain an example to balance the wealth sheat for example we have one hundred rupees as an inflow if we spend twenty rupees which will be our outflow and calculate for eighty rupees as an asset both side will be equal to hundred. Before login the fbr iris I would like to explain common problem during the submission for tax return most of people said they do not get their name on return its means your ntn is not registered successfully and your case is pending in draft form so before submission the return must be check your ntn form 181 is it complete or pending in draft. If its in draft tab so complete the form 181 when its completed you will be able to filing the tax return.
In the video we discuss how to File Income Tax Return 2019, FBR New Updates Makes Easy to File Return For Resident or Non Resident Pakistani for Non Resident Pakistani Tax Return for Second form which is form 114(1) Return of income voluntarily for complete year to select the form click on deceleration and select the form 114(1) after select the form its will ask for tax year click on period and type the tax year for which year you have to submit the tax return. After type the year click on search it will show the date of the tax year. In form 114(1) put the income by every source in one tax year. It included the Business Expenses, Rent, Tax, Bill for Electricity, Water, Maintenance, Management Expenses etc. Another value of land, building, machinery, stock or cash etc. after fill all value click on verification and type verification pin code and submitted the return.

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Read about Tax Slab
https://www.fbr.gov.pk/withholding-tax-rates/51147/81155

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