FBR revises downward valuation of immovable properties at Eden Orchered Faisalabad


ISLAMABAD: Federal Board of Revenue (FBR) has reduced the valuation for immovable properties by 14.28 percent that are located in at Eden Orchered, Faisalabad.
The FBR issued SRO 16(I)/2018 on Thursday to amend SRO 674(I)/2016, dated August 02, 2016 through which the revenue body introduced the property valuation for the city of Faisalabad for determination of withholding tax on sale and purchase of immovable properties.
According to the latest SRO the valuation of residential properties located at Chak No. 121 JB, Eden Orchered, Faisalabad has been reduced to Rs375,000 per marla from previous valuation of Rs437,500 per marla.

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SRO 16(I)/2018
SRO 674(I)/2016