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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Thinker
Wednesday, June 12, 2019 02:23 PM 
Reply: >
So Finance adviser has clarified the process for non filer. Once a non filer buys a plot, he will have 45 days to become a filer. Once the 45 day deadline expires he will get a tax liability notice within 30 minutes in which he will have to pay tax on the entire purchase price.
Overseas investor replied on Wednesday, June 12, 2019 02:52 PM 

Total killer for real estate this budget
thinker replied on Wednesday, June 12, 2019 02:55 PM 

On top of this, the non filer will have to pay 5% of plot price as penalty at the time of purchase which will be sent to FBR
Overseas investor replied on Wednesday, June 12, 2019 03:00 PM 

Does this apply to overseas buyer too ?
Thinker replied on Wednesday, June 12, 2019 03:16 PM 

Overseas buyer has to remit the entire amount from abroad into his own account in Pakistan, and purchase within 40 days using that amount
Simple replied on Wednesday, June 12, 2019 04:02 PM 

Bad time continues for property market especially for investors
Habib replied on Wednesday, June 12, 2019 04:46 PM 

@ simple yes I also see bleak future of real-estate, about 8,9 years back Govt of India also imposed such harsh Measures on Property Market and Market is stagnant for last 7 years, Inspire of huge Population and lots of Non resident Indians, so it can have serious and lasting impacts
User_6006® replied on Wednesday, June 12, 2019 05:04 PM 

People should demand high prices on their own and must not sell their assest cheaply
User_6006® replied on Wednesday, June 12, 2019 05:04 PM 

People should demand high prices on their own and must not sell their assest cheaply
Consumer replied on Wednesday, June 12, 2019 05:48 PM 

Investors actually exploit the actual consumers.. The dream of owning a house has been made difficult for ordinary Pakistani by these hoarders and investors. There is one party which develops plots, and other is which consumes. Then come the investors
User_6006® replied on Wednesday, June 12, 2019 08:10 PM 

Dear consumer get a two cent of wisdom from here .jobs keep you hand to mouth.some people invest in property to afford their children health, education and marriages.in falhi riyast these things usually dont cost but pakistan is privitization mafia hence you always need money for basic live things and jobs cant fulfill it. There is zero oppurtunities for business and govt have no role currently in betterment of its people.khan sb applying changes on wrong places quickly instead of changing thana abd court katcheri culture.the team is misleading khan sb in these type of things.
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