Bank Deposits Higher Than Declared Income I Part-2 I How to reconcile I Addition u/s 111(1)(d)

Описание:    / @taxlearners  
In Part-1, we explained how FBR detects bank credit balances and why bank deposits higher than declared sales trigger income tax audits.
In Part-2, we go one step further and show you how to reply FBR notice, how to justify bank deposits, and how to avoid heavy tax demands.

If you have received a notice under Section 111, Section 114, or Section 122, this video will help you prepare a proper reply with documents.

In this video you will learn:

✔ How to prepare bank credit reconciliation
✔ How to match bank deposits with declared income
✔ How to prove loan receipts, family support & capital introduced
✔ How to explain cash deposits
✔ What documents FBR accepts
✔ How to reply in IRIS portal
✔ How to avoid best judgment assessment
✔ How to stop penalty & default surcharge

FBR treats every bank deposit as income unless proven otherwise. If you cannot provide proof, FBR can treat it as unexplained income and impose tax up to 45% + penalties.

This Part-2 explains with practical examples:

📌 How to justify:
• Loan from friends or family
• Capital introduced in business
• Refunds & advances
• Inter-bank transfers
• Sale of assets
• Past savings

You will also learn how to make a Bank Reconciliation Statement which is the most powerful document during tax audit.

This video is extremely important for:

🔹 Businessmen
🔹 Traders
🔹 Freelancers
🔹 Online sellers
🔹 Salaried persons with side income
🔹 Anyone who received FBR bank credit notice

Watch till the end to protect yourself from illegal tax demands and learn how to legally justify your bank deposits.
Sale tax FBR
Income Tax FBR
Latest updates of FBR Pakistan
Sale tax FBR
Income Tax FBR
Latest updates of FBR Pakistan
Taxation of Pakistan
Taxation system of Pakistan
Income tax of Pakistan
Sale return how to file
How to file annual Income tax return
FBR news
Sale tax return form
Income tax return form
Audit FBR pakistan
Audit IRIS pakistan
Taxation of Pakistan
Taxation system of Pakistan
Income tax of Pakistan
Sale return how to file
How to file annual Income tax return
FBR news
Sale tax return form
Income tax return form
Audit FBR pakistan
Audit IRIS pakistan