Punjab govt urges FBR to roll back CGT, withholding tax

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Lahore: The imposition of the Capital Gain Tax (CGT) on immovable property has become a serious concern for provinces, according to a news source. The provinces believe that a higher percentage of CGT is main cause behind a reduction in the provincial revenue collected in the form of stamp duty and Capital Value Tax (CVT).

According to details, the Punjab government penned a letter to the FBR, demanding that the authority roll back withholding tax collected under CGT, as it is against the law for the federation to collect this tax. The Punjab government has informed the FBR that the provincial revenue collected from the real estate sector has been affected because of the increased withholding tax and the new CGT collection regime. Reportedly, the new tax collection regime is the reason why the property transaction volume has dropped.

Through this letter, the FBR has also been informed that the revenue collected from the property market has been continuously declining for the last several years, which has in turn adversely impacted Punjab government’s financial resources.

The letter further reads that the Punjab chief minister has already requested the finance minister to reduce the CGT.

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PLEASE EVALUATE 392 L BLOCK PLOT IN DHA PHASE 11 RAHBAR

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C and H Prism

Dear Lre please evaluate current value with updated instalments

near C 748 and H 156 of one kanal each.

Regards

DHA Lahore Phase 9 Prism Plots For Sale

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DHA Lahore Phase 9 Prism One Kanal Near Plot No. 744 Block Q At Rs. 126 Lacs (5 Paid Civil)
DHA Lahore Phase 9 Prism Ten Marla Near Plot No. 1037 Block L At Rs. 64.50 Lacs (6 Paid Civil), Attractive Price
DHA Lahore Phase 9 Prism Ten Marla Near Plot No. 265 Block K At Rs. 67 Lacs (5 Paid Civil), Next To Corner
DHA Lahore Phase 9 Prism Near Five Marla Plot No. 2230 Block K At Rs. 34 Lacs (Cost Of Land)

For More Detail Please Contact:

Mian Fawad Ahmad
Lahore Real Estate
Cell: +92-302-4489001(Also Available At Whatsapp, Imo, Viber)
Twitter: @LahoreEstate
Facebook: Facebook.com/lahorerealestate
www.lahorerealestate.com & www.lahorerealestate.com.pk

:forsale: :forsale: :forsale:

R Prism

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Dear Lre please evaluate current value with updated installments
Phase9/R/2082 5 marla

Rahbar commerical vs Prism residential

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Dear CMY sab,
what would be your choice between 4 M commercial rahber vs one kanal+ one ten marla plot in prism with budget of 20 millions.
very crucial question for decision in coming few months before August.
please give a moment to comment on this.
thanks

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Please evaluate DHA-9-C-779-1K
Is it good location and worth to keep plot ?
Please elaborate :)

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High Tension Wires

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Salam,

I have heard that in phase 6 Dha high tension wires are being installed at harpalke minor which goes through D,E,F,K and L block. This will have a negative impact on prices of these blocks.

DHA 9 Prism

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Brother please evaluate plot number F-1071 in Prism Phase 9.