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Non-Filer to buy Property >40 lacs HOW,

(113610)
Wednesday, May 9, 2018 12:36 PM 

What if wife becomes a filer and the property is bought in wifes name?

Habib replied on Wednesday, May 9, 2018 12:57 PM 

she will have to prove the sources so husband will automatically be involved, Being filer the main thing to prove source of Funds. If you can prove then no harm you can be Filer, To prove her funds you will automatically be a filer.
This Loop hole was used in past, when Husband say Govt officer have to be filer, he used to buy in wife's name as she is non filer. So you are talking other way of round

Khan88 replied on Wednesday, May 9, 2018 04:59 PM 

Excpect that you will become filer and will have to demonstrate proof of income and will be trapped as once you are a filer there is no going back.

Qureshi replied on Wednesday, May 9, 2018 06:44 PM 

If we will not accept the facts and change we will be left behind the market. Sooner or later we have to be filer and there are very less chances that upcoming government is going to reconsider the subject tax amnesty program. Hence we are not in the position of playing hide and seek by anyway. Take right decision in right time.

kashif786 replied on Wednesday, May 9, 2018 08:54 PM 

What if someone is filer but have not shown properties? And similarly what if the plots were purchased before becoming the filer?

Saad replied on Thursday, May 10, 2018 04:28 AM 

When you file you have to declare all your assets whether new or old. If you have not then it is considered hiding from FBR and is against the law. They can fine you for that.
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