Tax on builders, developers under Section 7C, 7D
ISLAMABAD: Section 7C and Section 7D of Income Tax Ordinance, 2001 deal with tax on income of builders and developers.
ISLAMABAD: Section 7C and Section 7D of Income Tax Ordinance, 2001 deal with tax on income of builders and developers.
ISLAMABAD: The federal government has extended the last date for amnesty scheme to builders and developers up to June 30, 2021, sources said on Thursday. The date for availing immunity from declaration of investment by builders and developers is expiring today i.e. December 31, 2020. The sources said that the date has been extended for […]
ISLAMABAD: Senate of Pakistan has recommended that tax amnesty i.e. immunity from explaining source of income for builders and developers should be extended up to June 30, 2021. The investment in the construction sector have been granted immunity from Section 111 of Income Tax Ordinance, 2001 and investor as an individual is required to open […]
KARACHI: Federal Board of Revenue (FBR) has launched monitoring of sale and purchase in real estate sector by establishing dedicated zone for assessing developers and builders. Sources in the FBR said that cases of builders and developers had been transferred to special circular established at Large Taxpayers Unit (LTU)-II, Karachi. According to an official order […]