Capital Gain Tax (CGT) on CAR SALE PROFIT Explained

Top Queries: ​Is CAR SALE PROFIT Taxable in Pakistan? FBR VS Court, FBR Notice on Car Sale? Pay ZERO Tax Legally! (Iris 2026 Guide), Capital Gain Tax (CGT) on CAR SALE PROFIT Explained, ATIR Judgment Car Sale Tax,Adv Khurram Shehzad Law Chamber,Capital Gain Tax on Motor Vehicle,FBR Iris Tax Return 2026,FBR Notice Personal Car Profit,How To Report Car Sale In Iris,How to Report Car Sale in Iris,Section 37 5 Income Tax Ordinance,Tax Return Filing Deadline 2026 Pakistan,Vehicle Sale Capital Gain Exempt Pakistan,Vehicle Sale Profit Tax Exemption,capital gains,capital gains tax,income tax,motor vehicle,tax,tax return,​Personal Car Sale Tax Pakistan ​Is profit made from selling a personal car taxable in Pakistan? How do you report vehicle sale proceeds in FBR Iris tax return 2026 without receiving an illegal tax notice? Under Section 37(5) of the Income Tax Ordinance 2001, personal movable property is explicitly exempt from capital gains tax. This video explains the legal protection, the landmark Appellate Tribunal Inland Revenue (ATIR) court ruling, and step-by-step Iris portal asset reconciliation. ​About & Topics Covered: ​Legal analysis of Section 37(5) and Section 39 of Income Tax Ordinance. ​Haroon Haider Bhatti vs FBR landmark ATIR judgment breakdown. ​How overseas Pakistanis and resident taxpayers should declare car sale proceeds. ​Step-by-step walkthrough of Form 116 Wealth Statement Reconciliation. ​Personal vehicle vs Business vehicle depreciation tax rules. ​Chapters: 00:00 Personal Car Sale Tax Law Section 37 5 01:15 Is Profit On Personal Vehicle Taxable 02:40 ATIR Court Ruling Haroon Haider Bhatti Vs FBR 04:20 Step By Step Iris Portal Reporting Guidance 06:10 Difference Between Personal And Business Vehicle Tax 07:30 Actionable Steps To Avoid Illegal FBR Notices This video is for general legal awareness regarding vehicle sale tax and FBR Iris portal reporting — every tax situation varies, consult a lawyer for specific advice. ​#CarSaleTax #FBRIris #TaxReturn2026 #AdvKhurramShehzad ​#TaxReturn2026 #VehicleSaleTax ​#CarTax 📌 Explore Our Top Legal Playlists: ⚖️ Best Lawyers in Rahim Yar Khan | Top Legal Advice in 60 Seconds (Shorts):    • ⚖️ Best Lawyers in Rahim Yar Khan | Top Le...   ⚖️ Best Lawyers in Rahim Yar Khan & Bahawalpur | Trusted Legal Advice in 60 Seconds (Shorts):    • ⚖️ Best Lawyers in Rahim Yar Khan & Bahawa...   🎯 Government Employees & Pensioners:    • Government Employees & Pensioners   👨‍⚖️ Property Law 2026: Registry, Taxes & Fard Updates:    • Property Law 2026: Registry, Taxes & Fard ...   👪 Overseas Pakistanis Legal Help:    • Overseas Pakistanis Legal Help   🏠 FBR, Tax & Banking Regulations:    • FBR, Tax & Banking Regulations   ⚖️ Criminal Law & Police Procedures:    • Criminal Law & Police Procedures   💰 Passport & Immigration Updates:    • Passport & Immigration Updates   🧾 NADRA & Identity Documents Guide:    • NADRA & Identity Documents Guide   🏛️ Court Judgments & Legal Citations | Rulings & Case Law in Pakistan:    • Court Judgments & Legal Citations | Key Ru...   🏢 Protection Against Qabza Mafia:    • Protection Against Qabza Mafia   🌐 Family & Marriage Laws 2026:    • Family & Marriage Laws 2026   📚 Utility Laws | Electricity, Gas & Water WASA:    • Utility Laws in Pakistan | Electricity, Ga...   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 🔴 Why Subscribe? Looking for expert insights into Warasat Ka Qanoon, Succession Certificate, FIR, law, legal issues, finance, taxation, and business? Adv Khurram Shehzad simplifies complex legal, Pakistan law, legal advice, property, nadra and financial matters in 2026, helping individuals and businesses make informed decisions. 📢 Follow for More Updates: 🔗 YouTube:    / @advkhurramshehzad   📛 Facebook:   / advkhurramshehzad   📸 Instagram:   / advkhurramshehzad   💼 LinkedIn:   / khurram-shehzad-mba-llb-9773b4ab   🎵 TikTok:   / advkhurramshehzad   🕊 Twitter (X): https://x.com/advkhurramchryk 📞 Contact Us: 📲 WhatsApp: https://whatsapp.com/channel/0029VaDm... 📍 Office Address: Khurram Shehzad Aslam Chaudhry Advocate Chamber No. 7, In Front of District Bar Association, District Courts, Rahim Yar Khan, Punjab, Pakistan 🇵🇰 📍 Google Maps: https://maps.app.goo.gl/BPN5N6dYbpVpK... 📌 Search: #advocate #legalissues #bestlawyer #advkhurramshehzad #wakaalat #police #justtolaw #lawyer 🚀 Subscribe Now & Stay Legally Empowered!