Now this is the test of the strength of short-term investors: whether there are able to absorb this shock of taxation: im my personal view very weak investors will leave the ground whereas somewhat stronger investors will sustain and market will come to normal after a few days. Comments please.
Azfarr replied on Friday, June 3, 2016 03:35 PM
what is the detail of tax ? |
FRIEND replied on Friday, June 3, 2016 03:35 PM
Budget not Approved yet. Opposition Rejected it. |
Tahir replied on Friday, June 3, 2016 05:16 PM
This is common practice that opposition rejects the budjet every year but govt will get it pass through NA due to their simple majority
I am a non DHA investor and can easily see that 10% is not a small number so ex DHA property will come down speedily
During last year 0.4% wht was imposed on transactions but market absorbed that shock due to its small volume
As far as DHA is concerned big fish play here for example 2 or 3 lac for a prisim kanal plot extra tax on profit does not mean for them. This may be said for whole DHA as well |
Tahir replied on Friday, June 3, 2016 06:41 PM
Ch sb previously gain tax was only 1% and it was applicable till 2 years after purchase
Now its 10% and is applicable till 5 years
I was also planning to sale my prisim plot in ramzan ul Mubarak
This is my 1st deal in DHA let's hope for the best
Cheers |
Tahir replied on Friday, June 3, 2016 06:48 PM
One more thing its on DC rates not on profits
How Govt can calculate one's profit. Either u r selling with one crore profits or selling with 10 lac loss one have to deposit 10% WHT on DC rates |
AbdalŪ replied on Saturday, June 4, 2016 02:06 AM
@ Tahir. You seem to be right. |
Aamir replied on Saturday, June 4, 2016 04:05 AM
Pardon my ignorance but what is a DC rate? |
NASIR replied on Saturday, June 4, 2016 06:25 AM
WHAT IS THE MEANING OF DC?? |
