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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Farhan_29®
Saturday, July 2, 2016 09:25 AM 
Reply: >
Today i visited arazi record center and found following information effective from first july
Habib replied on Saturday, July 2, 2016 10:18 AM 

what is FBR tax ? so far we know CVT 2% , Withholding Tax 0.3%, and advanced income tax 2% all are Federal Taxes
And Stamp Provincial

Do you refer to Advanced Income Tax?? which was 2% on non filers and 1% on Filers ??
Farhan_29® replied on Saturday, July 2, 2016 10:24 AM 

Dear Habib. I do not know what exactly this is. but i taken snap shot from the center. may be you are understanding the correct.
M Zahid® replied on Sunday, July 3, 2016 06:22 AM 

Farhan,
This is advance tax which falls under section 236C of income tax Act 2001 amended by finance bill . So in summary this tax has been doubled by the finance bill enforced from 1st July.
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