TAX TREATMENT / WORKING BY MARRIAGE HALL /FUNCTION

As per Law ( Provincial and FBR Laws marriage hall, Marque and all other function gathering / running business are required to REGISTER

01- PROVINCIAL REVENUE BOARD

ON which tax rate is 5%. which should be paid to PRA. ( Punjab)

02- INCOME TAX AS PER INCOME TAX ORDINANCE

UNDER SECTION 236-D

5% income tax is withheld and which is adjustable for taxpayers. Which means that tax payer has to deduct this amount paid against his tax liability while filing annual return U/S 114 ( 1).

Marriage Hall are required to File monthly withholding statement U/S 165 in IRIS FBR.

Sales shown in the PRA should be EQUAL  to FBR Income. 

UNDER SECTION 236-D  ( TITLE IN WITHHOLDING STATEMENT  in Adjustable Column
FUNCTIONS/ GATHERING CHARGES U/S 236-D ( CODE : 64150401) and in Receipt Column write down the value/ receipt and in Tax Chargeable column write down tax amount.Tax is collected at time of payments.Name ,NTN and CNIC. number should be provided while submitting WHT .U/S 165.
If you have taken hall / marque on rent then paying Tax should be deducted and paid as per Rent Slab ( Rent is exempt up to Rs. 200,000/.)It should be written in Rent of Property column in Adjustable tax Under Code : 64080001) When you click on Computation column you will observe amount of  withholding tax in CODE : 9201.
IN payment column you should select Income Tax Challan prepared in E.FBR. website and select it .

FORM 181 FOR MARRIAGE HALL  

In Personal column you should write Individual or AOP as per situation.Write down Business name in Name column.Write down accounting period ( July to June ) and provide Email id as well as Cell number.
In property Column write down Commercial property and in Form column Nature of business ( EVENT HALL) should be mentioned.
In business column write down BUSINESS NAME.
In Link column write down Registration Number ( ID Card of all partner) their name , capacity ( ie. Partner or Principal officer and % share

ANNUAL RETURN

Annual Return Under Title  ( 114) (1) Return of Income Filed Voluntary for complete year

Click on Business Tab and on Manufacturing / Trading Items

Write down Gross Revenue and  opening stock , Cost of sales, Purchases and all other direct expenses and closing stock. System will calculate Gross Profit.

In management , selling expense column write down all expenses incurred  other than directly related to cost of sales.

In depreciation column calculate depreciation expense  and this will be deducted from arriving taxable profit and accounting depreciation will be added back. Inadmissible expense.

In BUSINESS ASSETS/ EQUITY COLUMN write down asset detail as well as capital and Liabilities.

In Tax chargeable Column click on 

- Adjustable Column and write down all tax deducted.If any advance tax is paid U/S 147 it shall be deducted from Tax Liability and final either you will be required to pay tax ( In ADMITTED COLUMN) or otherwise refundable. 

Finally Your 

FORM 181, WITHHOLDING STATEMENT , PRA RETURN ANNUAL RETURN is ready and you can submit. For Further guidance you can contact me vie comments.