Tag Archives: immovable properties

Amnesty scheme to undisclosed investment in property business implemented

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ISLAMABAD: The federal government has granted scheme to whiten ill-gotten money and invested in property business as it implemented Income Tax Amendment Act, 2016 under which money invested to the extent of property valuation notified by Federal Board of Revenue (FBR) can be cleaned by paying three percent concessionary tax rate.

Karachi Chamber asks Dar to withdraw property valuation tables

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KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI) Younus Muhammad Bashir has requested Federal Finance Minister Muhammad Ishaq Dar to immediately withdraw Property Valuation Tables whereas the old system of collector’s value should continue.

FBR examines proposals for revising downward immovable property valuation tables

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ISLAMABAD: Federal Board of Revenue (FBR) is examining the proposals of revising downward the valuation tables of immovable properties for industrial land, sources said on Saturday.

FBR updates valuation of residential, commercial immovable property in Peshawar

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ISLAMABAD: The Federal Board of Revenue (FBR) has updated immovable property valuation table for Peshawar.

FBR updates list of immovable properties valuation table; issues SROs for 21 cities

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ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday issued property valuation for major cities of the country for the purpose of calculation of capital gain tax.

Withholding Tax Card 2016/2017: sale or transfer of immovable property

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KARACHI: The Federal Board of Revenue (FBR) has updated different advance tax rates for filers and non-filers of income tax return to be collected on sale or transfer of immovable property during 2016/2017. (updated with latest amendment brought through presidential ordinance).

Commissioner empowered to ask source of investment in purchase of immovable properties

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ISLAMABAD: The Federal Board of Revenue (FBR) on Friday said that Commissioner Inland Revenue has been empowered to ask source of investment for the purchase of immovable property under new laws.

FBR includes Bharia Town, DHA City for valuation of immovable properties in Karachi

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KARACHI: The Federal Board of Revenue (FBR) has amended valuation of immovable properties for Karachi city and added Bahria Town and DHA City in the table.

Tax treatment of immovable properties for July 2016 as per old law

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ISLAMABAD: A presidential order has amended income tax laws related to transaction of immovable properties with effect from July 31. While the amendment made through Finance Act, 2016 will not be applicable to Section 68 of Income Tax Ordinance, 2001.

FBR issues immovable property valuation tables for major cities

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ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday issued property valuation for major cities of the country for the purpose of calcuation of capital gain tax.