Tajir Dost Scheme | Registration of Traders & Shopkeepers | SRO 457(I)/2024 | SRO1064(I)/2024 | FBR - video Dailymotion

Prime Filling Solution

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.  #fbr #fbrpakistan #tajirdostscheme #tajirdost #iris #primefillingsolution #registration

Transcript

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

Tajir Dost Scheme | Registration of Traders & Shopkeepers | SRO 457(I)/2024 | SRO1064(I)/2024 | FBR

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