Lahore Real Estate Forum

Monday, June 22, 2026 07:27 PM
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The FBR Sent Tax Notices to 13 Million People in 3 Years

The FBR Sent Tax Notices to 13 Million People in 3 Years
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Low Cost Residential Houses, Contract Between JS Bank & PMRC

Low Cost Residential Houses, Contract Between JS Bank & PMRC
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(87945)
Thursday, July 8, 2021 06:52 PM PST 
Pak Fazaia Housing Scheme Scandal

Pak Fazaia Housing Scheme Scandal
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(87944)
Thursday, July 8, 2021 06:50 PM PST 
Federal Board of Revenue: Important Announcement

Federal Board of Revenue: Important Announcement
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Ten Billion has been Added to the Urban Development Budget

Ten Billion has been Added to the Urban Development Budget
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Refusal of Federal Funding, Further Delay of the Project

Refusal of Federal Funding, Further Delay of the Project
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Market Pulse & DHA Files Rates By Lahore Real Estate July 08, 2021

LRE Market Pulse & DHA Files Rates Update By Lahore Real Estate®


DHA Lahore Commercial Files Prices Update
DHA Lahore Phase 7 Affidavit (4 Marla) Call us for Best Rates 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766
DHA Lahore Phase 7 Allocation (4 Marla) 300 Lacs 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766

DHA Lahore Phase 8 Parkview (4-Marla MalikPur) 235 Lacs 08/07/2021 Call Jamshad +
DHA Lahore Phase 8 Parkview (4-Marla ShivPur) 225 Lacs 08/07/2021 Call Jamshad +

DHA Lahore Phase 9 Prism Affidavit (4 Marla) 315 Lacs Hard to FInd 08/07/2021 Call Sarfraz Ahmed +

DHA Lahore Phase 7 Residential Files Prices Update
DHA Lahore Phase 7 Affidavit (5-Marla) Call us for Best Rates 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766
DHA Lahore Phase 7 Allocation (5-Marla) 53.50 Lacs 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766
DHA Lahore Phase 7 Allocation NOC (7-Marla) 73.00 Lacs 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766
DHA Lahore Phase 7 Affidavit (10-Marla) Call us for Best Rates 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766
DHA Lahore Phase 7 Allocation (10-Marla) 100.00 Lacs 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766
DHA Lahore Phase 7 Affidavit (1-Kanal) Call us for Best Rates 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766
DHA Lahore Phase 7 Allocation (1-Kanal) 175 Lacs 08/07/2021 Call Zahid Bhatti + & Shahid Riaz +923028449766

DHA Lahore Phase 8 Residential Files Prices Update
DHA Lahore Phase 8 Affidavit (5 Marla) No Availability 08/07/2021 Call Khadim Hussain + & Aoun Naqvi +
DHA Lahore Phase 8 Affidavit (10 Marla) No Availability 08/07/2021 Call Khadim Hussain + & Aoun Naqvi +
DHA Lahore Phase 8 Affidavit (1 Kanal) No Availability 08/07/2021 Call Khadim Hussain + & Aoun Naqvi +

DHA Lahore Phase 8 Z Block Residential Files Prices Update
DHA Lahore Phase 8 Z Block (5-Marla) 48.00 Lacs Rare Availability 08/07/2021 Call Khadim Hussain + & Aoun Naqvi +
DHA Lahore Phase 8 Z Block (10-Marla) 75.00 Lacs Rare Availability 08/07/2021 Call Khadim Hussain + & Aoun Naqvi +
DHA Lahore Phase 8 Z Block (1-Kanal) 155 Lacs Rare Availability 08/07/2021 Call Khadim Hussain + & Aoun Naqvi +

DHA Phase 8 Park View Allocation Residential Files Prices Update
DHA Phase 8 Park View Allocation (1 Kanal) 155 Lacs 08/07/2021 Ch.Jamshed +

DHA Lahore Phase 9 Town Residential Files Prices Update
DHA Town Lahore Affidavit (5 Marla) 65.50 Lacs 08/07/2021 Call Bilal Bhatti + & Muhammad Muneeb +
DHA Town Lahore Allocation (5 Marla) 64.00 Lacs 08/07/2021 Call Bilal Bhatti + & Muhammad Muneeb +
Balloting Coming Soon..

DHA Lahore Phase 9 Prism Residential Files Prices Update
Prism DHA Lahore Phase 9 Affidavit (5-Marla) 53.50 08/07/2021 Call Sarfraz Ahmad + Call Tariq Rahim +
Prism DHA Lahore Phase 9 Allocation (5-Marla) 53.00 Lacs Rare Availability 08/07/2021 Call Sarfraz Ahmad + Call Tariq Rahim +
Prism DHA Lahore Phase 9 Affidavit (10-Marla) Call us for Best Rates 08/07/2021 "Call Sarfraz Ahmad + Call Tariq Rahim +
Prism DHA Lahore Phase 9 Allocation (10-Marla) 97.00 Lacs Rare Availability 08/07/2021 Call Sarfraz Ahmad + Call Tariq Rahim +
Prism DHA Lahore Phase 9 Affidavit (1-Kanal) Not Available 08/07/2021 Call Sarfraz Ahmad + Call Tariq Rahim +
Prism DHA Lahore Phase 9 Allocation (1-Kanal) Not Available 08/07/2021 Call Sarfraz Ahmad + Call Tariq Rahim +

DHA Lahore Phase 10 Residential Files Prices Update
DHA Lahore Phase 10 Allocation (5-Marla) 40.00 Rare Availability 08/07/2021 Call Sarfraz Ahmad + & Tariq Rahim +
DHA Lahore Phase 10 Affidavit (10-Marla) 62.00 Lacs Rare Availability 08/07/2021 Call Sarfraz Ahmad + & Tariq Rahim +
DHA Lahore Phase 10 Allocation (10-Marla) 61.00 Lacs Rare Availability 08/07/2021 Call Sarfraz Ahmad + & Tariq Rahim +
DHA Lahore Phase 10 Affidavit (1-Kanal) 93.00 Lacs Rare Availability 08/07/2021 Call Sarfraz Ahmad + & Tariq Rahim +
DHA Lahore Phase 10 Allocation (1-Kanal) 92.00 Lacs Rare Availability 08/07/2021 Call Tariq Rahim + & Sarfraz Ahmad +

DHA Bahawalpur Files Prices Update
DHA Bahawalpur Land Affidavit (1-Kanal) 38.00 Lacs 08/07/2021
DHA Bahawalpur Land Allocation (1-Kanal) 36.00 Lacs 08/07/2021
DHA Bahawalpur Sector-Z (1-Kanal) 52.00 Lacs 08/07/2021
DHA Bahawalpur Commercial (4 Marla) 138.00 Lacs 08/07/2021
Please contact us for best market price of your plot, we have a dedicated team assigned for DHA Bahawalpur to help you regarding your plot assessment & buying/selling.
Call Our Representatives:
Ch Saeed +923224333661
Umair Tahir +

DHA Multan Phase-1 Files Prices Update
DHA Multan (05 Marla) Buyer at 29.25 Lacs Rare Availability 08/07/2021 Call Khawaja Jawad + Khadim Hussain + & Mian Fawad +923024489001
DHA Multan (10 Marla) 52.00 Lacs 08/07/2021 Call Khawaja Jawad + Khadim Hussain + & Mian Fawad +923024489001
DHA Multan (1 Kanal) Buyer at 71.00 Lacs 08/07/2021 Call Khawaja Jawad + Khadim Hussain + & Mian Fawad +923024489001
Note: These Files will be Included in 2nd Ballot

DHA Lahore Phase 13 (Ex DHA City) Files Prices Update
DHA Phase 13 Lahore (5 Marla) 32.00 Lacs 08/07/2021 Call Sarfraz Ahmad + Ch Jamshed + & Mian Fawad +923024489001
DHA Phase 13 Lahore (10 Marla) 50.00 Lacs 08/07/2021 Call Sarfraz Ahmad + Ch Jamshed + & Mian Fawad +923024489001
DHA Phase 13 Lahore (1 Kanal) 83.00 Lacs 08/07/2021 Call Sarfraz Ahmad + Ch Jamshed + & Mian Fawad +923024489001

DHA Gujranwala Files Prices Update
DHA Gujranwala Land Affidavit (1-Kanal) 90.50 Lacs 08/07/2021 Call Jawad Ahmad + & Main Fawad +923024489001
DHA Gujranwala Land Allocation (1-Kanal) 90.50 Lacs 08/07/2021 Call Jawad Ahmad + & Main Fawad +923024489001
DHA Gujranwala Land Affidavit (10-Marla) 59.50 Lacs 08/07/2021 Call Jawad Ahmad + & Main Fawad +923024489001
DHA Gujranwala Land Allocation (10-Marla) 59.00 Lacs 08/07/2021 Call Jawad Ahmad + & Main Fawad +923024489001
DHA Gujranwala Land Allocation (5 Marla) 40.00 Lacs 08/07/2021 Call Jawad Ahmad + & Main Fawad +923024489001

DHA Gujranwala Residential Installment Plot Files Buyer Prices Update
10 Marla (Booking Price 44 Lacs in 4 years instalments) at 10.00 Lacs 08/07/2021
1 Kanal (Booking price 74 Lacs in 4 years instalments) at 10.00 08/07/2021
2 Kanal (Booking price 140 Lacs in 5 years instalments) at 50 Lacs 08/07/2021

DHA Gujranwala Commercial Installment Plot Files Buyer Prices Update
4 Marla (Booking price 225 Lacs in 5 years installment) at 10 Lacs 08/07/2021
8 Marla (Booking price 425 lacs in 5 years installment) at 10 Lacs 08/07/2021

"Call To Our Representatives:
Jawad Ahmad +
Main Fawad +923024489001

LDA City Lahore Files Prices Update
LDA City Lahore (5 Marla) 21.25 Lacs 08/07/2021 Call Mian Waqas + & Yasir Hanif +
LDA City Lahore (10 Marla) 39.25 Lacs 08/07/2021 Call Mian Waqas + & Yasir Hanif +
LDA City Lahore (1 Kanal) 70.00 Lacs 08/07/2021 Call Mian Waqas + & Yasir Hanif +

DHA Quetta Files Prices Update
DHA Quetta Land Affidavit (1-Kanal) 45.50 Lacs Rare Availability Lacs 08/07/2021 Call Mubeen Asghar + & Sarfraz Ahmed +
DHA Quetta Allocation (1-Kanal) 43.50 Lacs Rare Availability 08/07/2021 Call Mubeen Asghar + & Sarfraz Ahmed +

Lahore Smart City Installment Booking Files Prices Update

Executive Block Prices
5 Marla Rs: 21,60,000- 08/07/2021
7 Marla Rs: 28,20,000- 08/07/2021
10 Marla Rs: 39,60,000/- 08/07/2021
12 Marla Rs: 43,80,000- 08/07/2021
20 Marla Rs: 64,80,000/- 08/07/2021

Overseas Block Prices
5 Marla Rs: 22,80,000/- 08/07/2021
7 Marla Rs: 29,75,000- 08/07/2021
10 Marla Rs: 40,80,000/- 08/07/2021
12 Marla Rs: 45,00,000- 08/07/2021
20 Marla Rs: 66,00,000/- 08/07/2021

10% down payment needed for locking booking and its a 3.5 year payment plan
Note: Please call for updated latest rate to lock a deal
"Call To Our Representatives:
Mian Fawad +923024489001
Mubeen Asghar +

Lake City Lahore Files Prices Update
Lake city Lahore Allocation (5-Marla) 31.00 Lacs All Dues Clear" 08/07/2021 Main Waqas +
Lake city Lahore Allocation (7-Marla) 45.00 Lacs All Dues Clear" 08/07/2021 Main Waqas +
Lake city Lahore Allocation (10-Marla) 60.00 Lacs All Dues Clear" 08/07/2021 Main Waqas +


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>
(87940)
Thursday, July 8, 2021 12:02 PM PST 

Dear LRE Team,

Please evaluate Prism E 919 and E924.

Regards,

Ali
>
DHA Quetta Files Prices Market Pulse ( Closing Rates For Today )

*DHA Quetta Files Prices Market Pulse* ( Closing Rates For Today )

1 Kanal Affidavit 45.00 Lacs
1 Kanal Allocation 43.00 Lacs
1 Kanal Early Bird 152 Lacs Very Rare Trading Buyer Or Seller Hard To Find

Lahore Delivery On Full Cash Payments. We Dont Buy Sell Our Own Files And Only Match Buyers' Sellers. After Many Days Of Rise, We Are Seeing More Sellers Than Buyers Now In Here.

Tradeable Most Accurate Rates To Be Available On Market Open Tomorrow At 11 Am Pakistan Time

*To Call Lre For DHA Quetta Files*

Mubeen Asghar +
Adil Saeed +923224009766
Ch Sarfraz +

Https://Lahorerealestate.Com/Daily-Prices-Update Please Check Most Latest Rates Here. We Update These Rates Daily And Sometimes Even Two To Three Times Daily. Lahore Real Estate Charges 1% In Addition To Above Prices

Wazz replied on Wednesday, July 7, 2021 09:57 PM PST 

This seems total sattay bazi here.

A well wisher Pakistani replied on Wednesday, July 7, 2021 10:00 PM PST 

Please convey a true massage to all your clients being as fair and sincere dealer of the market. Kuch din wait karlain yehi
files dobara apne purane rate par aane wali hain. Take this screen shot than Wait and watch.

Shahzad replied on Wednesday, July 7, 2021 11:36 PM PST 

can't find the
files below 46 lacs today, Lre staff did not convey the correct rates
Early Bird rate is also not correct as its around 175 lacs

Opinion replied on Wednesday, July 7, 2021 11:46 PM PST 

Dha Gujranwala file is too high around 92 lacs, DHA Multnomah around 72 lacs, Bahawalpur plots more then 60 lacs....we have have only available cheap option is DHA Quetta, it's still below 50...Definitely worth buying

Overseas Pakistani replied on Thursday, July 8, 2021 12:21 AM PST 

Need to buy 1 kanal
DHA Quetta file, what's the procedure to buy files form UAE.
Please guide Mujahid yaseen sb

alpha replied on Thursday, July 8, 2021 12:51 AM PST 

I do not know if this is intentional - but at every Eid, the dealers start jacking up the
prices for the Expatriates visiting Pakistan - this has been the case since last 10 years. CMY saab does the same

Well wisher replied on Thursday, July 8, 2021 01:18 AM PST 

This is not the case Mr.Alpha, Cmy sb is a Gem of person, we buy this on his recommendation, Thank you CMY sab for your support,
prices are still very much less then other DHAs, Its still a good choice for investment
Lahore Real Estate is authorized dealer and always support such good investments

Arhum arhum replied on Thursday, July 8, 2021 01:30 AM PST 

Files everywhere have suddenly become expensive. Maybe because budget news was overly positive that's why but I don't see any other reason. Quetta and Bahawalpur still seem reasonable for investment but Gujranwala and Multan rates are through the roof.

Alpha, personally don't think CMY involves himself in such tactics, he discourages it in fact but maybe LRE dealers do it intentionally to raise their commissions. I don't think deals will take place at such high asking rates and rates will come down for sure because the expected overseas travelling will be negligible once again on Eid due to middle east travel bans continuing. The extended travel ban, I must admit, is ridiculous though. We have successfully contained corona and yet these countries aren't lifting the ban, seems like some fishy politics is at play.

Reality replied on Thursday, July 8, 2021 01:35 AM PST 

Agree.. these high rates are fake (same as other DHA
files). Hopefully, expatriates have gotten smarter and avoid these kind of gimmicks by so-called investors

DHA Quetta is several years away from ballot.. there will be lots of ups and downs.. its foolish to buy 1 kanal outside the 30-35 range..

Arhum arhum replied on Thursday, July 8, 2021 01:38 AM PST 

Reality, agreed but generally when you buy
files, you buy for long-term hold so you shouldn't mind buying Quetta files in 40+ range because you will be holding them till ballot and possession. File prices always go up and down, you can't predict how and when they will move. You'll be paying maybe slightly higher for those files but it is not like Gujranwala and Multan were I believe prices are overly jacked up.

KS replied on Thursday, July 8, 2021 02:12 AM PST 

Always swim in water flow direction, not against it or not in stopped so similar rule for any market.
DHA-GWA now offering instalments plots + apartments on very high
prices, rest prices have reached on higher side now. No time to invest until it takes deep correction. Big Investors have made money from here.
DHA-MTN prices reaching high side but little more room to go up, they will also be offering (instalments plots or villas/houses) end of the year.
DHA-QTA has room to move up but there is no news of dev. progress from their MGMT side so it can move down & up for next year or so.
DHA-BWP, it remained at bottom for last 3 years, much dev. progress has done, files+plots also gained 30-45% in last 30 days, still room to go up. Looks like investors group currently active here before they move to other city.
DHA-LHR (all phases), prices reaching high side but little more room to go up. Other societies have already increased 30-45% since IK announced construction package.
RED NOTE: Instalments (plots, houses, flats) are mostly offered in market by any DHA when Big investors have already taken project prices on higher side so that general public don't consider instalments offering prices on high side. Just sit back and think what happened in last 10-15 years.

Javaid John replied on Thursday, July 8, 2021 02:33 AM PST 

I am watching Pakistan Real Estate Market since long time. Price gains in
DHA Lahore, Gujranwala and Multan is more then 100% Now in just 6 months.

MY 2 cents for DHA Bahawalpur & DHA Quetta as they just gained way less then others as of now and its the logic to buy such less expensive things which are equally is good as others (DHA's)
Quetta is capital of balochistan just like Peshawar is capital of Kpk, If Its early bird file is around 160 then how will the other 1 kanal files be under 45 to 50 lacs(Logic). I see on DHa Quetta website and it seems early bird possession and balloting will be in this year maybe around November.
IF YOU can spend 75 to 95 lacs then go for DHA Multan and Gujranwala other wise no best choice then DHA Quetta or Bahwalpur under 5 million, which are equally good as Sole DHA projects

Budget is good and grab the cents before its too late..:)

Arhum arhum replied on Thursday, July 8, 2021 03:51 AM PST 

Javaid, positive budget news is giving slight price gains everywhere. I'm seeing slight increase in
prices in phase 7 and prism both in Lahore. But yes, Bahawalpur and Quetta DHAs have been underpromoted and valued for a while now. I still believe they are undervalued.

Omer replied on Thursday, July 8, 2021 11:05 AM PST 

Humble suggestion is to stay away from Quetta till discovery of Water resources...

alpha replied on Thursday, July 8, 2021 12:29 PM PST 

I agree Mr. Well Wisher. CMY saab is a gem. A month ago he mentioned in the market direction that places like Multan do not have the fundamentals to support price increases - however price in Multan increased. I think if everyone starts buying daffodils, there will be a run on daffodils and daffodils will be next best investment

Well wisher replied on Thursday, July 8, 2021 01:54 PM PST 

Mr.Omer, I think water supply is not a big issue in
DHA Quetta as they already signed contracts for water.
The price of 1 kanal files in this project is lucrative compared to other DHA's and societies...
Best option in this budget and soon the price gap may reduce

Omer replied on Thursday, July 8, 2021 04:53 PM PST 

Dear WELL WISHER
there is no water as such contract is there for entire Quetta and Balochistan.. unfortunately no underground sustainable resource available. in Addition there is hardly any population to move to
DHA Quetta...no Migratees too. unlike Multan Lahore Karachi Pindi and peshawar, where all Castes, races and ethnic people are accommodated.
Quetta will remain a limited attraction even if Water comes out from somehwere

Salman 777 replied on Thursday, July 8, 2021 05:27 PM PST 

Dear Omer, I have personally visited Quetta many times, Land is too expensive over there and 1 kanal plots in Quetta city and Quetta Cantt are more then 250 to 300 lacs. Local residants do have attraction in
DHA Quetta as its still very cheap also there is no such society in entire Balochistan.
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DHA Bahawalpur B-Block | Current Prices & Latest Construction Updates | Drone Video | July 2021

DHA Bahawalpur B-Block | Current Prices & Latest Construction Updates | Drone Video | July 2021


Watch this Video Give It a 👍🏻 And Share It With Your Friends.

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KS replied on Wednesday, July 7, 2021 11:36 PM PST 

Good work by LRE
Team to give Drone 3D view of A and B Blocks. This Video will certainly educate buyers/investors in better way.

Faizan Ahmad replied on Thursday, July 8, 2021 02:56 PM PST 

Thanks a Billion
>
Etihad Town Lahore Phase-2 | Latest Prices | Development & Possession News | Drone Video | July 2021

Etihad Town Lahore Phase-2 | Latest Prices | Development & Possession News | Drone Video | July 2021


Watch this Video Give It a 👍🏻 And Share It With Your Friends.

For Your Queries & Buying/Selling Please Contact:
Mohsin Riaz
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Etihad Town Lahore Phase-1 | Latest Prices & Construction | Visited by LRE | Drone Video | July 2021

Etihad Town Lahore Phase-1 | Latest Prices & Construction | Visited by LRE | Drone Video | July 2021


Watch this Video Give It a 👍🏻 And Share It With Your Friends.

For Your Queries & Buying/Selling Please Contact:
Mohsin Riaz
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Lahore Real Estate® ( Where Dreams Come True )

>
DHA Phase 9 Town Lahore Block Wise Prices Update July 2021

DHA Phase 9 Town Lahore Block Wise Prices Update July 2021
>
(87934)
Wednesday, July 7, 2021 09:20 PM PST 
DHA Phase 9 Prism Lahore Blockwise Prices July 2021

DHA Phase 9 Prism Lahore Blockwise Prices July 2021

Arhum arhum replied on Thursday, July 8, 2021 01:35 AM PST 

I am noticing a jump in
prices in certain blocks as compared to your previous blockwise rates. Any particular reason for why rates have increased more in blocks like C,D,H,L as compared to slight raises in others?
>
(87933)
Wednesday, July 7, 2021 09:19 PM PST 
DHA Phase 7 Lahore Blockwise Prices Update July 2021

DHA Phase 7 Lahore Blockwise Prices Update July 2021

Arhum arhum replied on Thursday, July 8, 2021 02:05 AM PST 

Also seeing some price increase here in phase 7
blockwise rates since last week one. Any particular reason for this?
>
(87932)
Wednesday, July 7, 2021 09:19 PM PST 
DHA Peshawar Latest Blockwise Prices Update July 2021

DHA Peshawar Latest Blockwise Prices Update July 2021
>
(87931)
Wednesday, July 7, 2021 09:16 PM PST 
3400 Housing Societies Out of the Tax Net

3400 Housing Societies Out of the Tax Net
>
Construction industry FBR gives incentives to developers and builders

Construction industry: FBR gives incentives to developers and builders
ISLAMABAD: The Federal Board of Revenue (FBR) has provided certain incentives to the developers and builders of the construction industry including tax benefits for the real estate investment trust (REIT) schemes under the Finance Act 2021. The Prime Minister's construction package issued through the Income Tax (Amendment) Ordinance, 2021 has also been made part of the Finance Act 2021.

According to the explanation of the Finance Act 2021 issued by the FBR, the income of REIT schemes is exempt from tax under clause (99) of Part I of Second Schedule subject to conditions and limitations prescribed therein.

The REIT schemes have been provided following further concessions: The gain arising on the disposal of immoveable property to development and residential REIT is exempt upto 2023. Now this exemption has been extended on disposal of immoveable property to all types of REITs. The rate of tax on dividend income from REIT scheme was 25 percent. It has been reduced to 15percent.

Necessary changes have been incorporated in the schedules. The income tax explanatory circular issued by the FBR revealed that the builders and developers have been provided fixed tax regime and immunity from probe for sources of investment subject to conditions and limitations provided in section 100D and Eleventh schedule of the Income Tax Ordinance 2001. They have been further allowed to incorporate profits from such projects equal to 10 times of the taxes paid under fixed tax regime.

The income in excess of 10 times was chargeable to tax at the normal applicable rates Now changes have been introduced in Eleventh schedule to the effect that the income of builders and developers from such project in excess of 10 times of tax paid shall be chargeable at reduced rate of 20 percent.

The FBR's circular 2 of 2021 further stated that the Finance Act, 2021 has brought about certain amendments in the Income Tax Ordinance, 2001. Some significant amendments included incorporation of Ordinances in Finance Act, 2021. During the currency of financial year 2021-22, three Ordinances were issued. These have been made part of Finance Act, 2021.

One of the said three Ordinances was Income Tax (Amendment) Ordinance, 2021. It was issued to extend certain deadlines under section 100D and Eleventh Schedule under Prime Minister's construction package.

Finance Act 2021 has amended the section 100D of the Income Tax Ordinance 2001. The section 100D has prescribed a scheduler based fixed tax regime for Builders and Developers on the basis of project area in respect of their income from sale of building or sale of plots, for tax year 2020 and onwards.

According to the Finance Act 2021: (35) in section 100D,- (a) for the expression "30th day of September, 2022", wherever occurring except for clause (a) of sub-section (4), the expression "30th day of September, 2023" shall be substituted; (b) in sub-section (1), in clause (b), in the proviso, after the figure "2019", the expression "or tax year 2020, as the case may be" shall be inserted; (c) in sub-section (3),- (i) for the expression "31st day of December, 2020", wherever occurring, the expression "30th day of June, 2021" shall be substituted; and (ii) in clause (c), after the word "portal", the expression "by 30th day of June, 2021" shall be added; (d) in sub-section (4),- (i) in clause (a), for the expression "30th day of September, 2022", wherever occurring, the expression "31st day of March, 2023" shall be substituted; (ii) in clause (b),- (I) in sub-clauses (i) and (ii), for the expression "31st day of December, 2020", wherever occurring, the expression "30th day of June, 2021" shall be 69 substituted respectively; and (II) in sub-clause (iii), for the expression "31st day of December, 2020", the expression "31st day of December, 2021" shall be substituted; and (e) in sub-section (9),- (i) for the expression "31st day of December, 2020", wherever occurring, the expression "31st day of December, 2021" shall be substituted; and (ii) in clause (d), in sub-clause (iv), after the figure "2019", the expression "or tax year 2020 at the option of the taxpayer" shall be added, Finance Act 2021 added.

Source: Business Recorder

Arhum arhum replied on Thursday, July 8, 2021 01:43 AM PST 

Very complex wording here. From what I gather, construction amnesty has been extended, correct?
>
(87929)
Wednesday, July 7, 2021 05:43 PM PST 

DHA Lahore Phase 9 Town Specialist For Buying Selling & Assessment:
Residential & Commercial Plots
For More Information Call Now:-
Bilal Bhatti
+
Available @ WhatsApp, Viber, IMO & Skype.
MB-46 Main Boulevard DHA Lahore Phase 6 Near DHA Head Office
We Are Registered / Authorized Dealer Of
DHA Lahore
DHA Quetta
DHA Multan
DHA Gujranwala
DHA Bahawalpur
Bahria Town
Naval Anchorage
Gwadar
And Many Others.
>
(87928)
Wednesday, July 7, 2021 05:24 PM PST 

Plots For Sale Dha Lahore Phase 9 Prism

Near By Number

5 Marla Plots

Q - 1135 @ 90 ( All paid + Park Back

R - 2294 @ 88 ( All paid + 60 ft back + Near Park/ Ideal Location


For More Info contact


Muhammad Fayaz
+
Lahore Real Estate


:forsale: :forsale:
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