Islamabad: The Federal Board of Revenue (FBR) has shared a list of projects that have successfully availed the tax amnesty scheme under the construction industry relief package announced by Prime Minister (PM) Imran Khan in April 2020, according to a news source.
The list includes names and addresses of these project registered with the board under Income Tax Ordinance 2001, Section 100D. Some of these projects don’t have a name yet but their owners/developers have received certifications from the taxation agency. Most of these developments are located in Karachi, Lahore and Islamabad, but you will also find some from other cities including Multan, Peshawar, Gwadar, Bahawalpur, Faisalabad, Rahim Yar Khan, Sahiwal, Gujrat and Sialkot.
As per the details shared, the total worth of these registered projects is PKR 355 billion. However, the FBR has not shared details on worth of the individual projects or the amount invested in them.
The list includes prime projects from the above mentioned cities and it also includes projects being developed by Zameen Developments as well as several others being exclusively marketed and sold by Zameen.com. More prominent of these projects include:
- Zameen Opal, Lahore
- Zameen Aurum, Lahore
- Mall 35, Rawalpindi
- Etihad Garden, Rahim Yar Khan
- Lyallpur Commercial Market, Faisalabad
- Grand City, Kharian
- Cliff Vista, Karachi
- Defence Raya, Lahore
- Karakoram Greens, Islamabad
- Grand Square Mall, Lahore
- Khanpur Arcade, Khanpur
- Cedar Valley, Kalam
- Oasis Park Residencia, Karachi
- 3 Jays Tower, Lahore
- Pine Valley Residencia, Pir Sohawa Road
- University Tower, Peshawar
- Pine View Cottages, Kalam
- River Hills 4, Bahria Town Rawalpindi
Many projects of Zameen Developments and those being exclusively marketed by Zameen.com are currently in the registration process with the FBR. We will soon share a list of these projects on Zameen News as informing the existing clientele and potential customers of the projects where investors enjoy certain perks, especially the exemption on declaring source of income invested in these projects, is important.
It is important to note here that the developers registered with these projects are bound to deliver their projects within the communicated deadline and to meet the construction progress as per the schedule determined by the FBR in order to continue availing the benefits associated with this registration.