Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Finance Bill 2019 has proposed to restrict purchase of property (valuing more than Rs5.0 million), any other asset (valuing more than Rs1.0 million) by any person otherwise than…
Question 1: I am a filer and I have purchased a plot in May, 2014 for Rs.5,000,000. Now I want to sell the said plot in August, 2016 at the…
KARACHI: Federal Board of Revenue (FBR) on Thursday said that about eight amendments have been introduced to Income Tax Ordinance, 2001 through Finance Act, 2016 regarding taxation of immovable properties…
KARACHI: The final decision regarding the formula regarding valuation of immovable properties is deferred for July 27, 2016. Finance Advisor Haroon Tareen has advised the FBR to resolve the issue…
KARACHI: The federal government has increased the rate of capital gains tax (CGT) on disposable of securities for non-filers, while rates are kept intact for filers. Finance Bill 2016 proposes…