Tax advice
Will some one who recently been pass through the experience please add info here,
regarding Income tax filing, we should File Market Value or Cost Price, If Coast price it should be at DC rate of that time or Full face Value, As I have Backing pay orders of Face Value only. In that case if we declare cost only DC value is there any issue I make it easy for example
Ploy was bought in 2015 Current Market value 10,000,000 Cost value 40,00,000, DC rate in 2015 20,00,000. What should be shown, The supporting Documents we have is for 40 Lac But DC rate was 20 Lac at that time hence all dues were paid at that rate.
The Comments of a person dealing with Tax or a person who recently Filed the tax returns should be highly valued, also when we file Tax do we get any indication that it has been reviewed and Okyed by FBR
Being the overseas investor I can produce white money trail but supporting Documents especially Letter of FBR for each overseas transection is Difficult job and time Consuming what is Course of action.
HKB replied on Monday, July 16, 2018 05:51 PM PST
I also need guidance for filing. Repatriated recently. |