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What ll be tax formula?,

(104500)
Monday, August 1, 2016 02:31 PM 

If I purchased a plot worth 45lac in bahria nasheman before 30 june 2016 and if I sale it @47 lac next year what would be new tax formula? Though Bahria dont know that for how much I purchased they just took their transfer fee of 88000.
Please guide

:h :h :h

User_9325® replied on Monday, August 1, 2016 02:52 PM 

if yu have paid CVT, Stamp duties etc then yu have to consider this tax issue. most projects of bahria are not approved properly hence there is no taxes in those. FBR cannot trace yu if yu only have paid bahria transfer fee
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