The rate of advance tax on purchase of immovable properties during tax year 2022 will be applicable under Second Schedule of Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the tax rate on purchase of immovable … Continue reading Tax rate on immovable property purchase during TY 2022