Jul
14
Taxation
No immunity to concealed income invested in immovable properties
ISLAMABAD: People purchasing immovable properties are now required to make true declaration as immunity to such investment has been withdrawn. Sources in Federal Board of Revenue (FBR) told PkRevenue.com that an amnesty to undeclared amount was available for making investment in real estate business. The amnesty was granted through Income Tax (Fourth Amendment) Act, 2016 […]