Advice
Salaam
Need sincere & honest advice I was born and brought up in Dubai and now working here I recently (December 2011) purchased a 1 kanal file in DHA 9 from
Lahore real estate on my mother’s name
The money was transferred though proper channel UBL bank from Dubai to Lahore in my father’s account.
Fewdays back my family in Pakistan received a letter from FBR or income tax dept. asking them to declare the source of money & payment of income tax I guess as I haven’t seen the letter yet
now my question is do I have to pay income or sales tax on 1 kanal file as I don’t have the land yet it’s just a file and secondly the money with which I have purchased the 1 kanal file on my mother’s name is earned in Dubai am I bound to pay tax on oversea earned money in Pakistan ?
as my mother is a house wife and my dad is retired after completing his services in Dubai and we don’t have any kind of business or source of income in Pakistan