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Tax,

(104535)
Tuesday, August 2, 2016 07:01 AM 

Are properties below 40 lac fbr price only exempted from witholding tax or capital gain tax too?

ShahzadQamar® replied on Tuesday, August 2, 2016 07:15 AM 

Upto 40 both taxes excempted.

fbr notice replied on Tuesday, August 2, 2016 07:27 AM 

it means that the transaction will not in the notice of fbr; no chance of any notice from fbr: is it correct? please throw some light on this issue.

phase 9 replied on Tuesday, August 2, 2016 07:39 AM 

It means phase 9 exempted? ShahzadQamar sb.

Overseas Pakistani replied on Tuesday, August 2, 2016 08:58 AM 

Dear Analysts, thanks for always keeping the general public up to date on property issues. I see that everyone is Talking about taxes as dealers are worry about their businesses, investors are worried about their investment. My question is there anyone who is looking after the ordinary overseas Pakistanis interests.Every overseas Pakistani is not multi millionaire, most of them are hard working Pakistanis. The take a long time to collect money and bye a file or plot to build a house. Is there any incentive or facility provided to this hard working class in the new policies or budget of the government or they are again given the old lollipop that they are ambassadors of Pakistan overseas.

HassanHC® replied on Tuesday, August 2, 2016 09:40 AM 

Yes under 40 lacs no concern of FBR.

phase 9 replied on Tuesday, August 2, 2016 10:08 AM 

HassanHC does this mean phase 9 will catch momentum

AHMAD HASSAN® replied on Tuesday, August 2, 2016 10:14 AM 

Phase 9 already got momentum. ماشاءاللہ

phase 9 replied on Tuesday, August 2, 2016 10:20 AM 

AHMAD HASSAN thanks for reply

ShahzadQamar® replied on Tuesday, August 2, 2016 02:18 PM 

5 and 10 marla will be excempted but 1 kanal will be subject to tax as fair value is 45 for 1 kanal as per FBR
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