In this video, you will be able to learn about Tajir Dost Scheme. FBR has introduce Tajir Dost Scheme to impose advance income tax on traders & Shopkeepers. There are some questions and answers on Tajir Dost Scheme.
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#fbr #fbrpakistan #tajirdostscheme #tajirdost #iris #primefillingsolution #registration
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00:00In the name of Allah, the most Gracious, the most Merciful
00:02Peace be upon you
00:03Today's topic is
00:04TARGET 2 SKIN
00:06Yes, TARGET 2 SKIN
00:08On whom, where and how it will be applied
00:10Watch this video completely
00:12So that you can get answers to all your questions
00:14In this video
00:16So before starting the video
00:18You subscribe to this channel
00:20Like, Share
00:22And yes, click on the bell icon
00:24So that our
00:26Every new video notification
00:28You can get first
00:30So let's start
00:32About the topic
00:34About TARGET 2 SKIN
00:36The first SRO was issued
00:38That is 420
00:40Butta, 2024
00:42Which was issued on 21st March, 2024
00:46The first paragraph of this
00:48Let's read it
00:50This SKIN shall apply to the traders
00:52And shopkeepers
00:54Operating through a fixed place of business
00:56Including a shop, store, warehouse, office
00:58Or similar physical place
01:00Located within the
01:02Territorial civil limits
01:04Including cantonments in the cities
01:06As specified in the schedule
01:08To this SKIN for registration
01:10And payment of minimum advance tax
01:12This SKIN
01:14Will be applied to
01:16Traders and shopkeepers
01:18Whose shops, stores, warehouses
01:20Offices and similar
01:22Physical places
01:24Located within the
01:26Territorial civil limits
01:28Or cantonments
01:30This SKIN will be applied to all
01:34SKIN which will not be applied
01:36First of all
01:38If it is a company
01:40Then it will not be applied
01:42Number 2
01:44Operating as a unit of national or international chain store
01:46In more than one city
01:48Such stores
01:50Whose national chain of store
01:52Will not be applied
01:54Number 3
01:56A person or class of person
01:58Specifically excluded by the board
02:00Such people
02:02Who have been excluded by the board
02:04Will not be included in this
02:06And when will this
02:08SKIN start
02:10This SKIN
02:12Will start from
02:14July 2014
02:16Let's come to number 4
02:18Here we see
02:20How it is
02:22So
02:24Every trader and shopkeeper
02:26Shall apply for registration
02:28Under section 181 of the ordinance
02:30Or through TaxAssan app
02:32Or on FBR portal
02:34Or through FBR tax
02:36Presentation center
02:38By 30th day of April 2024
02:40The registration of
02:42Traders and shopkeepers
02:44Will be under section 181
02:46The registration of this
02:48Can be done through TaxAssan app
02:50Number 2
02:52You can do it through FBR portal
02:54Number 3
02:56You can go to FBR
02:58Facilitation center
03:00And get it registered
03:02The last date of this
03:04Is 30th April 2024
03:08You come below this
03:10See
03:12If a person who is
03:14Required to be registered
03:16Paragraph 1 does not apply
03:18For registration under the
03:20Paragraph 3
03:22The trader or the shopkeeper
03:24As the case may be
03:26If a person
03:28Intentionally or unintentionally
03:30Is not registered
03:32The commissioner
03:34Will register him
03:36Let's come to number 5
03:38Here it is written
03:40Minimum monthly advance tax
03:42Payable by a person
03:44Minimum
03:46Monthly
03:48Monthly
03:50FBR has also given tax rebate
03:52Which is 25%
03:56Its condition is
03:58If the person pays in lump sum
04:00The whole or the balance
04:02As the case may be of remaining advance tax
04:04For the relevant tax year
04:06On or before any of the due date
04:08For the payment
04:10Of such tax under the sector
04:12If he
04:14Pays his tax
04:16In lump sum
04:18On due date
04:20Or before due date
04:22He will get 25% rebate
04:24And the second condition is
04:26If the person who has not
04:28Filed income tax return
04:30Filed income tax return
04:32For the tax year 2023
04:34Before the due date for the payment
04:36Of first monthly installment
04:38If the person who
04:40Filed income tax return
04:42And the return of 2023
04:44Before due date
04:46Because the first due date
04:48Is 15th July
04:50Before that if the person submits
04:52Return of 2023
04:54He will also get 25% tax rebate
04:58On number 6
05:00You can see
05:02Mode and manner of payment of advance tax
05:04So here it is written
05:06The monthly advance tax
05:08Will be paid
05:10On 1st day of July
05:122024
05:14And the first payment
05:16Will be due on 15th of July
05:182024
05:20And thereafter on
05:2215th of every month
05:24It will start
05:26On July
05:28And
05:30His first payment
05:32Will be on 15th July
05:342024
05:36And the due date will be on 15th of July
05:40Now see below
05:42It is written here
05:44How you have to
05:46Generate this salary
05:48You can do it through FBR portal
05:50Or you can do it
05:52Through FBR facilitation center
05:54If you
05:56Print out the salary
05:58You can deposit it in the bank
06:00The second way is
06:02Through online banking
06:04Or you can do it
06:06Through EasyPay
06:10You can see some definitions
06:12And
06:14The schedule
06:16Which cities are included
06:186 cities were included
06:20Which are Karachi, Lahore, Islamabad,
06:22Rawalpindi, Quetta and Peshawar
06:24After this SRO
06:26The next SRO
06:28Which is
06:30457-2024
06:32Which was
06:34Launched on 30th of March
06:36We have already discussed
06:38Everything in this SRO
06:40You can see
06:42Same things
06:44And
06:46New SRO was launched
06:48Which is 1064-2024
06:50Which was launched on 22nd of July
06:52In which many things
06:54Were added and deleted
06:56And
06:58We have already discussed
07:00Everything
07:02In this you will see
07:06In this you will see
07:08Schedule 1
07:10Which we showed you in previous SRO
07:12In that only 6 cities
07:14Were included
07:16And 38 cities were added
07:18Now in this schedule
07:20The total cities which are included
07:22Are 42 cities
07:24Which cities are included
07:26Attaq, Bahawalnagar
07:28Bahawalpur, Chakwal
07:30Bera Ismail Khan
07:32Bera Ghazi Khan, Faisalabad
07:34Ghutki, Gujranwala, Gujarat
07:36Gwadar, Hafizabad
07:38Haripur, Hyderabad
07:40Faisalabad, Islamabad
07:42Dhang
07:44Jhelum, Karachi, Kasur
07:46Khushab, Lahore, Ladkana
07:48Nasbila, Lodhran, Manipal
07:50Mansehra, Mardan
07:52Mirpur Khas, Multan
07:54Multana, Narowal, Peshawar
07:56Quetta, Rahim Yar Khan
07:58Rawalpindi
08:00Sahiwal, Sargota
08:02Sheikhupura, Sialkot
08:04Sukkur, Toba Tek Singh
08:06These 42 cities are included
08:08In the previous SRO
08:10Which we showed you
08:12In that only 6 cities were included
08:14And 38 cities were added
08:16Now these 42 cities
08:18Are included in Schedule 1
08:20Now let's go to the second schedule
08:22In which it is told
08:24In which city
08:26In which area
08:28How much tax is there
08:30In the second schedule
08:32You will see
08:34Aftabad
08:36In which area of Aftabad city
08:38We are talking about Aftabad Bazaar
08:40Its Indicative income
08:42Is 13,50,000
08:44This is per annum
08:46Indicative income
08:48Is shown here
08:50How it is determined
08:521. Rental value of the property
08:542. Education
08:563. Market value
09:00According to these three things
09:02It is determined
09:04Its Indicative income
09:06After that you can see
09:081,20,000 which is per annum tax
09:10Advanced tax
09:12And if you see it monthly
09:14In the third column
09:1610,000 is the monthly tax
09:18In this monthly tax
09:20The maximum tax is 100
09:22And the maximum tax is
09:247,000
09:26There are many such areas in Karachi, Lahore, Islamabad
09:28There are many such areas in Karachi, Lahore, Islamabad
09:30There are many such areas in Karachi, Lahore, Islamabad
09:3260,000 advance tax
09:3460,000 advance tax
09:36This is the advance tax
09:38This is the advance tax
09:40Which you have to pay
09:42Which you have to pay
09:44On the 15th of every month
09:46I hope you liked today's video
09:48I hope you liked today's video
09:50See you in the next video
09:52Allah Hafiz