File the Income tax return in tax year 2023 How to make the ATL challan payment 2023
In this tutorial, we will guide you through the process of filing your income tax return and making ATL (Active Taxpayer List) challan payments for the tax year 2023. Filing your tax return and making timely payments is essential for individuals and businesses to stay compliant with tax regulations. By following the step-by-step instructions in this video, you will learn how to navigate the process smoothly.
Introduction: Understand the importance of filing income tax returns and making ATL challan payments in 2023.
Gathering Required Documents: Learn about the documents and information you will need to file your tax return accurately.
Online Filing: Explore the online platforms provided by tax authorities to file your tax return electronically.
Filling out the Forms: Receive guidance on filling out the necessary tax forms accurately.
Calculating Tax Liability: Understand the calculation process for determining your tax liability.
ATL Challan Payment: Learn about the ATL challan payment system and its significance in maintaining active taxpayer status.
ATL Challan Generation: Discover how to generate an ATL challan through the tax authorities' online portal.
Payment Methods: Explore the various payment methods available to make your ATL challan payment.
Record-Keeping: Understand the importance of maintaining proper records of your tax return filing and ATL challan payments.
Final Submission: Learn how to submit your tax return and ATL challan payment successfully, ensuring compliance with tax regulations.
By following this tutorial, you will gain the necessary knowledge and confidence to file your income tax return and make ATL challan payments for the tax year 2023 accurately. Stay compliant and fulfill your tax obligations effectively with this comprehensive guide.
Learn About Pakistan taxation including E-Filing of both sale tax and income tax
E-Filing
1. Monthly sale tax return
2. Withholding Statement 165
3. Reconciliation of sale tax return
4. Reconciliation of wealth
5. Annual income tax return of Salary Individual
6. Annual income tax return of the Company
7. Annual income tax return of Business Individual / Retailer or Trader
8. Annual income tax return of AOP
All the above sections will be covered with practical examples and online filing.
Income tax Includes
1. Section-149 Income from Salary
2. Section-155 Income from Property
3. Section-153 Payment of goods, services,s, and contract
4. Section-147 Advance income tax
5. Section-148 Import
6. Section-231AA and 236P Advance tax on certain banking transaction
7. Section-231B Advance tax at the time of registration of the private motor vehicle
8. Section-235A Tax collection from domestic electric bills
9. Section-236 Tax collection from telephone users
10. Section-236B Advance tax on the purchase of domestic air ticket
11. Section-236F Advance tax on cable operator and other electronic media
12. Section-236G Advance tax on sale to the distributor, dealer, and wholesalers
13. Section-236H Advance tax on sale to retailers
14. Section-236I Advance tax by educational institutions
15. Section-236U Advance tax on insurance premium
16. Section-236X Advance tax on Tobacco
17. Section-236Y Advance tax on remittance abroad through credit, debit, or prepaid cards
18. Fine and penalties
19. Section-177 Audit
20. Treatment of provision for bad and doubtful debts
Sale Tax Includes
21. What is sale tax or indirect tax and concept of VAT
22. Difference between Input and Output tax
23. Further tax and extra tax
24. Calculation of Sale tax
25. Advance sale tax
26. Withholding Sale tax
27. Debit and credit notes
28. Admissible credit
29. Annexures A, B, C, F, H, J, and I with a practical example
30. Supply and purchase register
31. Stock or consumption sheet
32. Concept of Punjab Revenue Authority (PRA)
Regards
Muhammad Qasim
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