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Hamad Raza
( 17 posts )

[140 Replies]
What are the comments of experts on the statement of chairman fbr. "property prices soon will come down!"

    61 days ago In Investors Advice
    Post Answer
    ASAD
    (808 posts)
    Withholdingbtax also reduced from 2% to 1%
      51 days ago 

      JDM
      (730 posts)
      No doubt market is collapsing and favoring genuine buyers. Investors are having hard time selling their plots/houses.


      Dealers are closing shops or merging in to each other to survive.


      More sellers will emerge after 4th of July as FBR chairman finalized crackdown on beenami accounts and properties.
        49 days ago 

        JDM
        (730 posts)
        Initially 3 Zones (Islamabad, Karachi, Lahore) established to start crack-down on undeclared properties. 11 sub-zones established to work under these main zones.

        Also any non-filer who purchases property/car will have only 45 days to file taxes, otherwise FBR will automatically send tax notice with penalties to them.


        https://www.dawn.com/news/1491569

          48 days ago 

          Wajeeh
          (46 posts)
          A filer having an open plot file... Is there tax on that? And is that comes in benami?
            48 days ago 

            JDM
            (730 posts)
            Wajeeh,

            If any asset not fully owned, it will be shown as a leased asset at the time of the filing return but it has to be filed for sure because money from your annual earnings will be going towards acquisition of that asset in installments.

              48 days ago 

              Isloo1
              (562 posts)
              Wajeeh,

              If the purpose of file is to pay installments and then eventually own it, then better show it in your wealth statement with the amount paid for the file and make a bank transaction.

              Tax shall be levied at the time of transfer in your name. But showing installments paid in your WS every year with an amount which is justified from your income sources (on tax return) will make it white at the end.

              If you are keeping files just to sell off as it is, then the above suggestion does not apply.

                47 days ago 

                JDM
                (730 posts)

                FBR starts confiscation of undeclared properties. Starts from land tycoon Ch. Tanveer of Rawalpindi.


                https://www.youtube.com/watch?time_continue=7&v=qofJHG7lE4Y
                  47 days ago 

                  Abdul Qayyum
                  (2021 posts)
                  JDM sb

                  Good news!

                  Is not it?
                  Come on sir
                  Come back to home sweet home!
                    47 days ago 

                    Imtiaz
                    (1241 posts)
                    Meet the minister who kept Rs465 millions’ properties in his servant’s name
                    https://dailybw.com/2019/05/21/meet-the-minister-who-kept-rs465-millions-properties-in-his-servants-name/

                    ----

                    Law doesn't apply to the above...
                      47 days ago 

                      Imtiaz
                      (1241 posts)
                      Didnt knew they would fall down to the level that

                      530 Kanal 15 Marla Agriculture Land would be an asset of 50000 PKR only.

                      https://ibb.co/1J9GB1K
                        47 days ago 

                        Post Answer (140 Replies)
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