ISLAMABAD: Federal Board of Revenue (FBR) on Friday increased the valuation of immovable properties in Islamabad for determination of income tax on transaction of sale/purchase.
The FBR issued SRO 117(I)/2019 to notify the new valuation of immovable properties in the capital city of Pakistan.
The valuation table has been revised upward to generate sizeable revenue for transaction of immovable properties.
The new valuation table has been issued in supersession of notification No. SRO 672(I)/2016 dated August 02, 2016.
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