Ref: Post 84181 - Transferring Money from Overseas

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Dear Jameel Sb & others, very informative discussion is going on and thank you and others to explain this matter in detail.

I have a question, Lets suppose if someone have transferred 1 crore Rs to Pakistan in last 3-4 years and since then by doing buying selling activity and by earning profits all investments are doubled by now, How it will look in the eyes of FBR authorities as If he have only proof of remittances of 1 crore whereas now market value is doubled and there is another fact that many times we do not make the legal agreement of buying selling and just do the transfers and do the settlements by Pay order.

Moreover, just confirm if we can get all PRC certificates from Bank Branch itself or need to go to State Bank as I heard from someone that PRC should be applied in State Bank. Further, what if we used to transfer money to some bank account which is closed now.


Thank you in advance.

mindset

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what is the confusion capital gain tax on revised dc rates will be implemented on each transaction less than five years old actually the mindset of our investors and people in pakistan is that they are not ready to pay any tax whatsoever and you can check the active tax payer list of fbr and you find very limited people who are filers rest majority of people commenting here are non filers and wants to remain non filers for ever how is this possible bhai you need to understand that each and every citizen 18 years old in canada and america are made to file their returns via internet there is absolute no hiding of income or profits or gain it is a serious crime there so my dear we should also bring everybody in tax net and start paying taxes all these countries are being run on taxes . people commenting here are all non tax payers and they abuse for one reason or another :pkf

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Gents

Plz comment about future of J - Block (10 Marla) alongwith proposed Ring Road,

Regards

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DHA Lahore New DC Rates

Phase 5 Old 49 new 70
Phase 6 Old 49 New 62
Phase 7 Old 42 New 58
Phase 8 Old 33 New 46
Phase 9 Old 20 New 34

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DHA Lahore New DC Rates

Phase 5 Old 49 new 70
Phase 6 Old 49 New 62
Phase 7 Old 42 New 58
Phase 8 Old 33 New 46
Phase 9 Old 20 New 34

Advices to buyers are sellers

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Advices to buyers are sellers
It is human nature that we are inpatient, and that I can clearly see on this Forum, I am sure that buyers will rush to market after Eid to find properties at 2 years old rates and will thoroughly be disappointed that there will be no fall. And I am sure that sellers will remain in denial two there months when they will be convinced that 10 to 15% Gain is made had vaporized,
Nine out of ten people are convinced that there will be correction in market. That is alone enough to cause correction and new Tax need not to play any role. The whole debate is how much correction? how much stagnant period? and when recovery will start, historically all cycles in properties are long. If I am a seller and have inertia at this stage I will be loser. Just if buyer have inertia at time of flying market he have to pay price on each day delay.

In Current situation being both buyer and seller I will not take any decision at least one month. Earliest signs of market slowdown will be FALL IN OWNS AND FILE PRICES. You will never know a commercial in oval Complex has lost 2 Cror as demands will always be same as was in Golden period. If earliest signs of down fall comes then faster seller respond better is it. Suppose you are getting 100 lac for a property in August 16, which was 110 before then chances are it will go further down and for 100 lac price again you may have to wait 3 years. Any laziness will cause more loss. The properties like files commercial files and bigger plots will be losing more than possession plots. Bigger plots will lose more than smaller.

As buyer any delay you make better for you, there will be no panic selling [or only insider will know even if it is happening] and prices will settle down in months and up to a year. As a buyer also I will watch for early signs of slow down and if found I will wait more, The people who want to buy in one year period I will advise them to focus on ready properties. Ready properties always give you less gain in hype but they always lose less in Slump.

Long term holder and planners always enjoy all periods, in hypes they sell and in slumps they pick at right time.

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Dear experts!
What is meant by the mozas mentioned on commercial files? I mean I have phase 7 commercial file MOZA KARBATH. has this anything to do with future allocation of plot? like karbath falls in the area near Y block or at the time of balloting I will be alloted a plot randomly anywhere in phase 7 ?

Safe Invetment At Lahore

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I am planning to visit Lahore in next 2, 3 months. Have a budget of 4 to 6 million PK rupee. Please guide me the most safe investment (2 to 5 years)at Lahore and most secure society where absolute no chance of fraud. I can move mu budget but priority is secure investment.

Would appreciate kind advice from brothers living at Lahore. Thanks

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Dear Brothers,
I know people are upset & very rightly so actually if for a moment we leave aside the personal profit/loss & try to think on a bigger canvas what was happening or going to happen that would have benefited pakistan in general & property business in particular
1. The rumor is that may be people working in the Gulf/Middle East may not be able to transfer their entire salary.
2. People living in USA & Europe of pakistani origion were planing that they may own at least one plot/house in Pakistan
3.Reliance on paper money was slightly being considered risky
4. Buying of gold , of course is an an option But its storage is slightly risky

I guess these benefits we may now not be able to covert to our advantage.
A very well planned game.
Regards long live Pakistan

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Dear LRE Team,

I have kept one 10-Marla File in DHA-Phase-7. Please suggest if there are chances of increase in price or I should go ahead with sale out?

Please also suggest if you have any news about its balloting ?

Thanks/Regards

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test

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Test

Test

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Test

Zakkat related Query

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AOA, I have two plots one is for sale and other one is to build a house for personal use. My intention is to use the money, earned by selling first plot, for construction of a house. In this case, Zakkat is applied on the value of plot for sale?

Zakkat related Query

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AOA, I have two plots one is for sale and other one is to build a house for personal use. My intention is to use the money, earned by selling first plot, for construction of a house. In this case, Zakkat is applied on the value of plot for sale?

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Dear Jameel Bhai,
I have HSBC account in UAE and always withdrawn money from HSBC and sent to my ABL account in Pakistan through exchange companies for buying property. Could you please advise whether it will be considered as white or black. I have complete records of my salary slips in UAE, bank statements of HSBC UAE and ABL Pakistan.

Thanks in advance for your support,
Kind regards,

Mazrat ky sath

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Zakat ka der tex ka der
Hum in say itn Derty kyon hain kya hum chahty hain hum 100% khod Hi bacha lain haqeeqat main zakat ap ky maal ko pak kerti hy or tex say hamara mulk (country) chalta hy. Kya hum sara passa apny sath lay Jain gy . Main bi Chota sa invester hon real estate ka mujy to koi der nahi Tex ka estate ka bi haq hy hamary profit main . Tex ky khof say hum apna bi or mulk ( country ) ka bi nuqsan karain gy . To plz himat rakain tex bi dain or bussniss bi karain . Shukria Allah hum sub per apni rahmat rakhy . Ameen

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Dear LRE-Brothers and other experts

How are you all?

Please evaluate near 8c/y/6
[Phase 8, Commercial/Block Y/Plot#6].

This is my fifth time to post this ad and no reply.

Regards.

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Aoa, I know my post will b deleted because I am not registered I am not a frequent writer on this blog but I do visit this site, I want to request CMY sahab, please tell ppl and clear misconception about the tax rumours in the market, ppl follow u and lessons ur video massages, it happens every year there is no big tax on property, they just want there hands on non tax payers out there, ppl like me ( mango ppl) will not b affected :-) please tell ppl not to panic everything will b cleared in a week or so after eid......happy holidays ppl and eid Mubarak

Out look of market

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I will request CMY to give us realistic Picture of Short term out look of Market in Coming 1,2 Years. So that potential sellers and buyers can deceive, I see Both panic and denial in forum members.
It is imperative to give both positive and negative out look picture.