{"id":80801,"date":"2021-10-22T15:34:14","date_gmt":"2021-10-22T10:34:14","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80801"},"modified":"2021-10-22T15:34:19","modified_gmt":"2021-10-22T10:34:19","slug":"fbr-to-revise-valuation-of-immovable-property-next-month","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html","title":{"rendered":"FBR to reveal revised valuation of immovable property next month"},"content":{"rendered":"\n<p>Lahore: The Federal Board of Revenue (FBR) will reveal the revised <a href=\"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html\" target=\"_blank\" rel=\"noreferrer noopener\">valuation of immovable property <\/a>next month, according to news published on Thursday (October 21).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-45-increase-income-tax-returns-2021.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR registered a 45% increase in income tax returns in 2021<\/a><\/p>\n\n\n\n<p>As per the details, FBR extended the last date (October 13) for field formations to submit the revised valuation of the immovable property after discrepancies were found in the previously submitted valuations. <\/p>\n\n\n\n<p>According to sources, one of the major discrepancies found was the mismatch in the revised valuation with prices of immovable properties on the ground. It was revealed that the prices of immovable properties increased immensely since the announcement of an amnesty scheme by the incumbent government. This increase was not included in the prices, so the board asked the field formations to revise the valuation. It was mentioned that the board will take another week to finalise the rates and the formal notice will be issued by November 1.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-ask-retailers-to-mention-cash-discounts-on-invoices.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR ask retailers to mention cash discounts on sales tax invoices<\/a><\/p>\n\n\n\n<p>It is pertinent to mention that the International Monetary Fund (IMF) asked FBR to conduct a fresh valuation as the board was still using the old valuation since 2015-16. The corporate tax offices (CTOs) and large taxpayer offices (LTOs) were excluded from the process and the focus was on regional tax offices (RTOs).<\/p>\n\n\n\n<p>Furthermore, RTOs in 18 cities were asked to submit a revised valuation of immovable properties. the field formation staff conducted surveys, gathered information from independent sources, and held meetings with real estate agents for the valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Federal Board of Revenue (FBR) will reveal the revised valuation of immovable property next month, according to news published on Thursday (October 21). Read: FBR registered a 45% increase in income tax returns in 2021 As per the details, FBR extended the last date (October 13) for field formations to submit the revised valuation of the immovable property after discrepancies were found in the previously submitted valuations. According to sources, one of the major discrepancies found was the mismatch in the revised valuation with prices of immovable properties on the ground. It was revealed that the prices of immovable properties increased immensely since the announcement of an amnesty scheme by the incumbent government. This increase was not included in the prices, so the board asked the field formations to revise the valuation. It was mentioned that the board will take another week to finalise the rates and the formal notice will be issued by November 1. Read: FBR ask retailers to mention cash discounts on sales tax invoices It is pertinent to mention that the International Monetary Fund (IMF) asked FBR to conduct a fresh valuation as the board was still using the old valuation since 2015-16. The&hellip;<\/p>\n","protected":false},"author":75,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15016],"tags":[49052,19230],"persona":[],"class_list":{"0":"post-80801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-new-developments","9":"tag-fbr-to-reveal-revised-valuation-of-immovable-property-next-month","10":"tag-federal-board-of-revenue-fbr","11":"cat-15015-id","12":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to revise valuation of immovable property next month - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Federal Board of Revenue (FBR) will reveal the revised valuation of immovable property next month, according to news published on Thursday\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to revise valuation of immovable property next month - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Federal Board of Revenue (FBR) will reveal the revised valuation of immovable property next month, according to news published on Thursday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-22T10:34:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-22T10:34:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR to revise valuation of immovable property next month - Zameen News","description":"Lahore: The Federal Board of Revenue (FBR) will reveal the revised valuation of immovable property next month, according to news published on Thursday","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html","og_locale":"en_US","og_type":"article","og_title":"FBR to revise valuation of immovable property next month - Zameen News","og_description":"Lahore: The Federal Board of Revenue (FBR) will reveal the revised valuation of immovable property next month, according to news published on Thursday","og_url":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2021-10-22T10:34:14+00:00","article_modified_time":"2021-10-22T10:34:19+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","type":"image\/jpeg"}],"author":"Hazafa Hasan","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Hazafa Hasan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html"},"author":{"name":"Hazafa Hasan","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/422fcc128fcaf82dae8406d1cf62a52b"},"headline":"FBR to reveal revised valuation of immovable property next month","datePublished":"2021-10-22T10:34:14+00:00","dateModified":"2021-10-22T10:34:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html"},"wordCount":263,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","keywords":["FBR to reveal revised valuation of immovable property next month","Federal Board of Revenue (FBR)"],"articleSection":["Legal &amp; Taxation","New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html","url":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html","name":"FBR to revise valuation of immovable property next month - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","datePublished":"2021-10-22T10:34:14+00:00","dateModified":"2021-10-22T10:34:19+00:00","description":"Lahore: The Federal Board of Revenue (FBR) will reveal the revised valuation of immovable property next month, according to news published on Thursday","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-of-immovable-property-next-month.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR to reveal revised valuation of immovable property next month"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/422fcc128fcaf82dae8406d1cf62a52b","name":"Hazafa Hasan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","caption":"Hazafa Hasan"},"description":"Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.","url":"https:\/\/www.zameen.com\/news\/author\/hazafa"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/80801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=80801"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/80801\/revisions"}],"predecessor-version":[{"id":80802,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/80801\/revisions\/80802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/75334"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=80801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=80801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=80801"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=80801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}