I am overseas Pakistani. I want favorable guideline from the forum, thanks in advance for your valuable comments.
I bought property in Pakistan, now I want to know the safe and good way to transfer the money to seller. My options are
1:- Pay order from my account in Pakistan.
2:- Check from my account to seller account in Pakistan.
3:- Cash payment from my account in Pakistan.
4:- Transfer remittance direct to seller account from abroad.
5:- Option 1,2 or 3 if any other taxpaying account in Pakistan.
Kindly note that I don’t have taxpaying number in Pakistan.
HHH replied on Saturday, October 15, 2016 06:08 AM
Pay order is the best option. It will keep records straight for any eventuality as per government rules.
Never transfer money to someone else's account from abroad. He will be black for you and white for him. Always transfer to your account and keep all documentation for your record. |
LOYAL PAKISTANI replied on Saturday, October 15, 2016 10:17 AM
Any option suitable to you depends upon the need n safety. |
Hassans replied on Saturday, October 15, 2016 11:44 AM
LRE & Experts - appreciated ur feedback |
Salman.A® replied on Saturday, October 15, 2016 04:09 PM
Best option is number 1.
PO from your account in Pakistan.
Transfer remittance into your own account in Pakistan and then make purchase order from your account in favour of the seller.
Don't worry about Tax number. Do the legal procedure all other matters will come in line. |
HussainD® replied on Saturday, October 15, 2016 05:30 PM
AoA,
My two cents, transfer amount to your account in Pakistan and then pay from your account through pay order. You will have to pay withholding tax but it is safe and authentic way. Keep copies of your transfer, encashment certifcate issued by your bank and pay order. You will have no problem in proving the source of funding if asked by FBR later.
Best regards |
User_19342® replied on Saturday, October 15, 2016 06:25 PM
Transfer money to your account from outside Pakistan. You can only take benefit of remittance if it is received in your own account. If you have time, quickly fill last three years returns and become of filer. It will save you lots of additional payments.
Always pay from your account in any banking mode. Dont pay cash. It will be considered black. |
ahmed replied on Sunday, October 16, 2016 03:43 AM
Normal way is to send money to your account in Pakistan and then make a bank draft and hand it to the seller once the plot is being transferred on to your name in DHA. save the remittance receipt as it will be required later to claim it is remitted money. |
User_14679® replied on Monday, October 17, 2016 05:38 AM
Dear NMS,
Adopt a very simple, neat and clean strategy.
In my opinion, either don't buy or sale if you don't have time.
Trust yourself (90%), come and complete deal by yourself. This may require you to spend some additional money but save you from lot of risks especially from the people whome you trust.
Regards
KM Siddique |
