Dear Friends,
I have few questions where i am now double minded. My questions are as below;
1) Since 2008 i am working outside Pakistan and didn't pay any tax to FBR but i have NTN number previously. Will i be considered as filer or non-filer.
2) I bought one kanal plot in 2008 by paying CVT, Stamp duty etc at the rates of that time. As the revised tax is applicable from 2006. Do i have to pay any taxes for this plot as the tax rates are changed now?
3) Lets say i bought one plot in 2013 on 4 years installments having total price of 150lac. And i sold this plot in 2016 by 100lac. On what amount i have to pay CGT.
Thanks a lot in advance for your help.
Regards,
User_992® replied on Thursday, July 7, 2016 05:02 PM
You don't have to pay any tax on the plot which you purchased in 2008.
Just relax and chill.
If you made loss on sale obviously no tax is payable. |
masifjamil replied on Friday, July 8, 2016 03:40 AM
1)You are non filer as you have not submitted your tax return. The list of filers is updated by the FBR and is available on its web site. |
Z.DOGAR® replied on Saturday, July 9, 2016 11:29 PM
your current status is non-active filer. when will u file all of your past five years returns income+wealth u will be an active tax filer. remember fbr can ask about any tax about last five years of income. since u purchased property in 2008 so no worry. file your returns as early as possible. only there is a chance of penalty late return filling . |
