ISLAMABAD: Federal Board of Revenue (FBR) has issued determination of value of immovable property identified as concealed asset or undeclared asset. The FBR issued Income Tax Rules, 2002 (updated up to September... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) is getting information of buyers and sellers of immovable properties through provincial registrars. FBR officials on Friday said that the tax authorities were monitoring all the... Read more »
ISLAMABAD: The capital gain tax on (CGT) disposal of immovable properties has been reduced by 50 percent in order to promote investment in construction industry. According to Deloitte Yousuf Adil, Chartered Accountants,... Read more »
KARACHI: The collection of withholding tax on purchase of immovable properties fell by 12 percent owing to fall in prices after slowdown in economy and enforcement of legal provisions by Federal Board... Read more »
KARACHI: Tax authorities have said that payment for purchase of immovable properties above Rs5 million is mandatory to be paid through banking channel. Read more »
KARACHI: Federal Board of Revenue (FBR) has said that a commissioner of Inland Revenue has been empowered to ask source of money used for purchase of immovable properties under legal provisions related... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) shall take penal action against persons who owned immovable property and remained non-compliant with filing of income tax returns. Read more »
KARACHI: Federal Board of Revenue (FBR) may increase valuation of immovable properties in order to prevent money laundering in the real estate sector. Read more »
ISLAMABAD: The Senate on Monday approved an important legislation to facilitate the speedy transfer of movable and immovable property of the deceased, to the legal heirs. Read more »
KARACHI: Federal Board of Revenue (FBR) has received information of buyers and sellers of immovable properties during the period July – December 2019, sources said. Read more »