Issue: 04-06-18
1
َ ْ ِ ق تُ مْ لِ ّ ل ةَ ظِ عْ وَ م ى وً دُ ھَ وِ اس لنِ ّ ل انَ يَ ا بَ ذٰ ھ٨٣١ Surah Al-i'mran, Ayat 138 Maulana Muhammad Joona Garhi آور ت یآ رو ں آور ں ) ں رآ ق( ں م ۔ Maulana Ishaq Madni روں ، ں آ ) و ( ک ، آورآی ت یآ آ آور Maulana Mahmood ul Hassan Deobandi ف ں وآ ر ڈ آور ت یآ آ ور وآ ں ں ۳ Maulana Fateh Muhammad Jalandhri ) ں رآ ق( آور ت یآ ی آورآ ں ں Maulana Ahmad Ali Lahori آور ت یآ ں وآ ر آ ورڈ ں وآ ں Maulana Abul Aala Maududi ں آں ر ڈ آ آور ہ ہ ی ب ن یف آور ک آی ں ۔ آور ت یآ Maulana Abdur Rehman Kilani [ ں ت وآ ٤٢١ ت یآ ں وآ ر آورڈ ] آور Maulana Taqi Usmani This is a declaration for mankind, and guidance, and a lesson for the God-fearing. Maulana Abdul Majid Daryabadi This in exposition unto mankind and a guidance and an admonition unto the God-fearing. Sahih International This [Qur’an] is a clear statement to [all] the people and a guidance and instruction for those conscious of Allah. Software innovation, like almost every other kind of innovation, requires the ability to collaborate and share ideas with other people, and to sit down and talk with customers and get their feedback and understand their needs. Bill Gates Research shows that there is only half as much variation in student achievement between schools as there is among classrooms in the same school. If you want your child to get the best education possible, it is actually more important to get him assigned to a great teacher than to a great school. Bill Gates BUSINESS TERM OF THE WEEK Email Bomb A type of technological attack, where the purpose is to overwhelm and shut down a mailbox or an entire e-mail server. There are many ways that an e-mail bomb can be created, including setting up a "zombie" or "robot" which will continuously send out thousands or even millions of emails to a given e-mail address, or simply signing up an email address for thousands of email services such as newsletters and mailing lists, thereby flooding their mailbox with things they don't want and must manually and individually unsubscribe from. E-mail bombs are purely malicious activities. Edition: 380 Issue: 04-06-18 Income Tax Circular No.1 2018 Jun 14, 2018 Sales Tax SRB-COMI/AC-1/ISP/FIBERLINK/2017/V- 19/6230 Jun 19, 2018 SRB-COM-I/UNIT-3/HARBIN POWER/2734 Jun 20, 2018 SRB-3-4/12/2018 Jun 20, 2018 775(I)/2018 Jun 21, 2018 776(I)/2018 Jun 21, 2018 777(I)/2018 Jun 21, 2018 778(I)/2018 Jun 21, 2018 779(I)/2018 Jun 21, 2018 780(I)/2018 Jun 21, 2018 SRB-COM-I/AC-1/TRACKING/CYBER TRACK/2017/V-22/6235 Jun 22, 2018 G.O 133/18 Jun 20, 2018 G.O 134/18 Jun 21, 2018 G.O 135/18 Jun 21, 2018 Federal Excise Duty 779(I)/2018 Jun 21, 2018 Islamabad Capital Territory 781(I)/2018 Jun 21, 2018 “Jurisdiction of tax authority” means the jurisdiction of the tax office in which business of the securities is being carried on by a person and where such business is carried on in more than one place, the person’s principal place of business. Question: Kindly inform about following for the tax year 2019. Turnover T.Y 2018 1.25%, T.Y 2019 ? Normal Tax T.Y 2018 30%, T.Y 2019 ? Exemption Quota for Import T.Y 2018 125%, T.Y 2019 ? If possible, please inform as soon as possible. Answer: 1. 1.25% 2. 29% 3. Does not fall within the scope of our online services. -------------------------------- Question: I want to know the income tax on retailer shop business. Is it with turnover tax or by calculating taxable income. Answer: Minimum tax u/s 113 is applicable in case such individual is having turnover of ten million rupees or more, otherwise normal tax on income shall be paid. -------------------------------- SOFTAX MEMBER QUERIES ت ی: آول:ری 57 رآت ع ت ی آ ت ی 42 11 ۔،آ ، آ ماں ع لنآ آل آ ہ ن عٰ آ ر ہ ڈں ع اڈ ی ر ت ء و آورآ ے وہ)( ہ ن عٰ آ ر آ آ، آس ڈں ف ک ی ہ و آ ، ) ں( ، ں آ رآورآ آورو ، ا ی آ اس آ رے ی آ آس اس آ ے ی آ ک ں ی ، م ر ر آو)ر ں آڈ( وہ ، ) دآ خ( )( آگ آ ، ڈ ف آ ت م د خ و وآ آ ! آ ں ر ہ آور ر ں ت آ ،ں ا ی م س آ ت آ آور ،رورڈ آس ، ت آ آ ، ط آ ۔ آ آ) ر ب ن م( آورر آ وں ہ ن آ آ سں آہ ں Workshop on Budget 2018-19 July 04, 2018 at Movenpick Hotel, Karachi July 06, 2018 at Faletti’s Hotel, Lahore July 10, 2018 at Sarena Hotel, Islamabad Workshop on Adv Salary Taxation & E-Filing of ITR Aug 07, 2018 at Faletti’s Hotel, Lahore Aug 09, 2018 at Marriot Hotel, Karachi Aug 16, 2018 at Sarena Hotel, Islamabad For more details and latest events click here Lahore ‐ Karachi ‐ Islamabad ‐ Sargodha E: [email protected] | W: softax.com.pk TAX TIP OF THE WEEK QUOTE OF THE WEEK WEEKLY UPDATES (SROs, Circulars etc.) UPCOMING EVENTS
Transcript of Issue: 04-06-18
قيت
م
ل
ل
ة
عظ
و
م
ى و
د
ھ
اس و
لن
ل
ان
ي
ا ب
ذ
٨٣١ھ
Surah Al-i'mran, Ayat 138
Maulana Muhammad Joona Garhi
آ و ر
تی ہے آ و ر پرہیزگار و ں کے لئے ہدآ
( بیاں
ر آ ںقعام لوگوں کے لئے تو یہ )
ہے۔ نصیحت
Maulana Ishaq Madni نصیحت، پرہیزگار و ں کے
، آ و ر آ ی ک )بے مثل و ( عظیم آ لشاں
تیآ و ر سرآ سر ہدآ
لئے
Maulana Mahmood ul Hassan Deobandi
ر نے و آ لوں کو ف
آ و ر نصیحت ہے ڈ
تی ہے لوگوں کے و آ سطے آ و ر ہدآ
۳یہ بیاں
Maulana Fateh Muhammad Jalandhri
)
ر آ ںق آ و ر نصیحت یہ )
تی صریح آ و ر آ ہل تقوی کے لئے ہدآ
لوگوں کے لیے بیاں
ہے
Maulana Ahmad Ali Lahori آ و ر نصیحت ہے
تی ر نے و آ لوں کے لیے ہدآ
ہے آ و ر ڈ
یہ لوگوں کے و آ سطے بیاں
Maulana Abul Aala Maududi
ر تے ہوں آ ں
ہہ ہے آ و ر جو آ للہ سے ڈب ی
ن
ییہ لوگوں کےلیے آ ی ک صاف آ و ر صریح
آ و ر نصیحت۔کے
تی لیے ہدآ
Maulana Abdur Rehman Kilani [ لوگوں کے لیے کھلی تنبیہ
٤٢١یہ و آ قعات
تی ر نے و آ لوں کے لیے ہدآ
[ ہیں آ و ر ڈ
بھی ہیں آ و ر نصیحت بھی
Maulana Taqi Usmani
This is a declaration for mankind, and guidance, and a lesson for the God-fearing.
Maulana Abdul Majid Daryabadi
This in exposition unto mankind and a guidance and an admonition unto the God-fearing.
Sahih International
This [Qur’an] is a clear statement to [all] the people and a guidance and instruction for those conscious of Allah.
Software innovation, like almost every other kind of innovation, requires the ability to collaborate and share ideas with other people, and to sit down and talk with customers and get their feedback and understand their needs. Bill Gates Research shows that there is only half as much variation in student achievement between schools as there is among classrooms in the same school. If you want your child to get the best education possible, it is actually more important to get him assigned to a great teacher than to a great school. Bill Gates
BUSINESS TERM OF THE WEEK Email Bomb A type of technological attack, where
the purpose is to overwhelm and shut down a mailbox or an entire e-mail server. There are many ways that an e-mail bomb can be created, including setting up a "zombie" or "robot" which will continuously send out thousands or even millions of emails to a given e-mail address, or simply signing up an email address for thousands of email services such as newsletters and mailing lists, thereby flooding their mailbox with things they don't want and must manually and individually unsubscribe from. E-mail bombs are purely malicious activities.
Edition: 380
Issue: 04-06-18
Income Tax
Circular No.1 2018 Jun 14, 2018
Sales Tax
SRB-COMI/AC-1/ISP/FIBERLINK/2017/V-19/6230 Jun 19, 2018
SRB-COM-I/UNIT-3/HARBIN POWER/2734 Jun 20, 2018
SRB-3-4/12/2018 Jun 20, 2018 775(I)/2018 Jun 21, 2018 776(I)/2018 Jun 21, 2018 777(I)/2018 Jun 21, 2018 778(I)/2018 Jun 21, 2018 779(I)/2018 Jun 21, 2018
780(I)/2018 Jun 21, 2018 SRB-COM-I/AC-1/TRACKING/CYBER
TRACK/2017/V-22/6235 Jun 22, 2018 G.O 133/18 Jun 20, 2018 G.O 134/18 Jun 21, 2018 G.O 135/18 Jun 21, 2018
Federal Excise Duty
779(I)/2018 Jun 21, 2018
Islamabad Capital Territory
781(I)/2018 Jun 21, 2018
Since 1991
“Jurisdiction of tax authority” means the
jurisdiction of the tax office in which business of the securities is being carried on by a person and where such business is carried on in more than one place, the person’s principal place of business.
Question: Kindly inform about following for the tax year 2019. Turnover T.Y 2018 1.25%, T.Y 2019 ? Normal Tax T.Y 2018 30%, T.Y 2019 ? Exemption Quota for Import T.Y 2018 125%, T.Y 2019 ? If possible, please inform as soon as possible. Answer: 1. 1.25% 2. 29% 3. Does not fall within the scope of our online services.
-------------------------------- Question: I want to know the income tax on retailer shop business. Is it with turnover tax or by calculating taxable income. Answer: Minimum tax u/s 113 is applicable in case such individual is having turnover of ten million rupees or more, otherwise normal tax on income shall be paid.
--------------------------------
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ا ہے، پھر کہا کہ
ک کہ آ میر تمہاے ی ا س آ جائے آ س لئے کہ آ میر تمہار ے ی ا س آ بھی آ ی
م ر کھو، یہاں ی
آ و پر لار
د آ سے( معافی مانگو، کیونکہ و ہ )خوڈ بھی آ پنے مجرموں کے قصور (
تم لوگ آ پنے آ میر )متوفی( کے لئے )خ
میں حاضر ہوآ معاف کر ڈ ینے کو پسند کرتے تھے، پھر
د مت
کہا کہ آ ما بعد! میں نبی صلی آ للہ علیہ و آ لہ و سلم کی خ
سے خیر
ر مسلماںہ ر ہنے آ و ر
ا ہوں، تو آ ت نے مجھ سے مسلماں
آ و ر کہا کہ میں آ ت سے آ سلام پر بیعت کری
خوآ ہی کرنے کی شرط لگائی، پس میں نے آ سی پر آ ت سے بیعت کی، قسم ہے آ س مسجد کے پرو ر ڈ گار کی، بے
ر سے( آ تر آ ئے۔ شکب
نم
و ں نے آ ستغفار کیا آ و ر )ہ
نمیں تم لوگوں کا خیر خوآ ہ ہوں آ س کے بعد آ
Workshop on Budget 2018-19 July 04, 2018 at Movenpick Hotel, Karachi
July 06, 2018 at Faletti’s Hotel, Lahore July 10, 2018 at Sarena Hotel, Islamabad
Workshop on Adv Salary Taxation
& E-Filing of ITR
Aug 07, 2018 at Faletti’s Hotel, Lahore Aug 09, 2018 at Marriot Hotel, Karachi
Aug 16, 2018 at Sarena Hotel, Islamabad
For more details and latest events click here
Lahore ‐ Karachi ‐ Islamabad ‐ Sargodha E: [email protected] | W: softax.com.pk
TAX TIP OF THE WEEK
QUOTE OF THE WEEK
WEEKLY UPDATES (SROs, Circulars etc.)
UPCOMING EVENTS
