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Monday, August 1, 2016 02:17 AM 

Surprise Half tax also for overseas Pakistanis. Hurrrey


:pkf :cl :cl :cl :cl :cl :pkf

FarhanŽ replied on Monday, August 1, 2016 02:31 AM 

CMY Sb it says ordinance will be applicable for 4 months. What does it mean?

PakistanŽ replied on Monday, August 1, 2016 02:50 AM 

in these 4 months, it will be passed from assembly and senate to make it formal law

as mentioned in article

CMY replied on Monday, August 1, 2016 03:03 AM 

[7/31, 10:51 PM] DW +92314... : Aur DC rate main 200 se 300 % ka izafa kahan gaya

[7/31, 10:55 PM] Choudry Mujahid Yasin USA: That was for FBR rates gain from DC rates. DC rates increasing only about 35%

[7/31, 11:01 PM] Choudry Mujahid Yasin USA: FBR rates will be market rates but capital gains tax will be charged on half of marker rates for tax calculations this year. 75 percent of markert rates to be used next year for capital gains tax etc and on third year FBR will use full market rates amount for capital gains tax use. This is going to be done not to severely hurt real estate markets now.

Not Registered Yet 0755 replied on Monday, August 1, 2016 04:04 AM 

This half rate concession is applicable on all properties except DHA. So for DHA all including overseas will have to pay full. :)

AHMAD HASSANŽ replied on Monday, August 1, 2016 04:39 AM 

This is very good news for overseas Pakistanies.

Farooq replied on Monday, August 1, 2016 05:17 AM 

Overseas Pakistanis; don't be happy. It means only those overseas Pakistanis who will get plots government schemes under overseas pakistanis quota. So chill and ready to pay tax as others.

ShahzadQamarŽ replied on Monday, August 1, 2016 09:05 AM 

CMY, now that is the real solution. I had my biggest concern on this abrupt jurky landing that I believe is resolved now based on your aforementioned comment to implement it in 3 years. And secondly third party valuation is also null and void now, no matter if market value is defined 2 to 3 times of DC rate but as decided it shall be crystal clear to everyone.
Taxes can be absorbed by market but the open door of corruption for market valuation was really a bad decision and its reversal now shall definitely bring positive impact on real estate.
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