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Hi,
I have paid the following taxes when I bought the 1 Kanal plot in phase 7 last year.

CVT= 80000
Stamp Duty= 120000
Adv Tax= 80000

Could anyone explain how much taxes I need to pay if I buy the 1 kanal plot in phase 7 now as per the new Tax rates. I found myself on Active taxpayer list also.

Thanks

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On official web of dha multan kanal file rate is 44lac

Tax Notification & List of Valuers Issued by State Bank

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http://www.sbp.org.pk/notifications/bprd/2016/ntf1.htm

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Dear Experts
Would you pls tell me about Fazaia Gujranwala 5 Marla housing scheme on instalment. Total house cost is 3750000 .
Is it good investment or not?
Thanks

FBR will take input from stakeholders for 2 weeks after eid

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FBR will take input from stakeholders for 2 weeks after eid.

Apparently some one from overseas also contacted Jang to share his views.

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Dear brother

profit or gain is 120-90 lac= 30 lac

10% of profit=3lac you have to pay while you file your tax return

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excellent analysis done by CMY on current issue of tax. worth listening.

Capital Gain Tax

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Sir
Can anyone clarify how much tax seller has to pay if for example he purchased a plot for 90 lac and now selling for 1.2 crore. Is it 10 % of the selling price or 10 % of the gain? :pkf

50 minutes audio file upload started in LRE groups

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New property taxes in Pakistan and their impact on Lahore real estate by Choudry Mujahid Yasin (CMY) of Lahore real estate (50 minutes audio messages of July 3rd 2016)

Click link to play audio file

https://clyp.it/bwg4ohb0

Choudry Mujahid Yasin ( CMY )

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Market value assessment

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Land assessment on market value I see only one beneficiary in whole this saga i.e hamza shahbaz it's time for him to sale land which he bought in last 3 years at market rate to Govt instead of DC rate

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regarding my expeirence of dealing in Bahria, I have seen that they collect taxes themselves. I never got an FBR reciept of taxes. I highly doubt that FBR has no idea whats going on in Bahria as they just get their share and keep quiet. in current situation Bahria can become safe heaven for black money as in DHA now FBR will get involved ?

Evaluate

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Kindly evaluate 1198 z2 phase 7 plz

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Finally some resistance....

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dear jameel sb / other forum members
can u please guide how to become a filer,how to get NTN certificate to become new filer.
how much worth of assets should be declared while becoming a new filer( market value or dc value)?
can we get NTN number online or we will have to visit fbr office for the first time to get NTN number ?

what should one do to get NTN while living abroad?

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.