I am overseas pakistani. I want favorable guideline from the forum, thanks in advance for your valuable comments.
I bought property in pakistan, now i want to know the safe and good way to transfer the money to seller. My options are
1:- pay order from my account in pakistan.
2:- check from my account to seller account in pakistan.
3:- cash payment from my account in pakistan.
4:- transfer remittance direct to seller account from abroad.
5:- option 1,2 or 3 if any other taxpaying account in pakistan.
Kindly note that i don’t have taxpaying number in pakistan.
Usually it depends upon comfort level of both parties mainly the seller.
Normally pay order is most commonly used and quite safe for both the parties. There is some tax on pay order but it's still within acceptable range.
Normally sellers don't accept cheque as it has more chances of fraud or bounced cheque etc and cash involve lot of risk.
4 isn't recommend at all without of transfer.
Dear Nadir,
1:- pay order from my account in Pakistan.
99% deals with pay orders in Pakistan which is more safe way in any deal.
Regards
What will be the TAX, the price is 80 lac.
Dear Nadir,
The tax will be about 48000 by 6%.
Regards,