Sales tax imposed on sale of plots before 8 years. It is 15% for plots of 1 crore and 20% for a plot of 2 crores. So if you sell a plot for 2 crores, 40 laks will be deducted by the society as sales tax. This is in addition to CGT and other taxes.
Bhai jaan replied on Saturday, June 29, 2019 01:45 AM
That’s totally ridiculous |
Waki replied on Saturday, June 29, 2019 01:55 AM
No. I think it will be given by society when they sale plot to allotees |
Preshan bhai replied on Saturday, June 29, 2019 02:00 AM
Lo jii
Bera garaq |
Thinker replied on Saturday, June 29, 2019 02:49 AM
Sales tax will be applicable every time anyone sells the plot, be that the society or an individual. Basically right now the conditons are that you lose money if you buy a plot, sell a plot or keep a plot. |
Ali replied on Saturday, June 29, 2019 03:41 AM
Any reference for this news?
It was never disclosed during budget discussion and neither there is any news about it. |
Thinker replied on Saturday, June 29, 2019 04:15 AM
On the news channel. They said its 10% for 1 crore plot, 15% for 1.5 crore and 20% for 2 crore. Finance bill is not yet uploaded on FBR site so I cannot verify it. |
Abdul Ghafoor replied on Saturday, June 29, 2019 04:23 AM
Does not appear to be true. But if true, bye bye property. Who is going to pay 1 million on top of property price???? |
Tariq ch replied on Saturday, June 29, 2019 04:27 AM
Ohh........
Game over now
Think for some other work....
By the way what is Tax rate for cheep properties below 5 Million |
Simple replied on Saturday, June 29, 2019 04:28 AM
So well informed people already knew about it thats why plots transfer were more than 100 in DHA
office yeatersay and DHA office is opened today for more transfers and it will be closed on Monday. Amazing |
Simple replied on Saturday, June 29, 2019 05:12 AM
Dunya Newspaper published correct story today.
It's not sales tax on selling plots, in fact it is fixed gain tax. 5% tax on profit upto 50 Lacs while selling your plot, 10% tax on profit of 50-100 Lacs while selling your plot.
So this tax is on profit, not on the sale price of plot. |
User_6006® replied on Saturday, June 29, 2019 06:11 AM
I think CGT and sales tax is same. |
User_6006® replied on Saturday, June 29, 2019 06:19 AM
There is no Capital gain tax below 5 million.5 million or above for first year sell is 5%.10 million 10% .15 million 15% .20million 20%>\.
For homes 4 lac and for plots 8 years.further details yet to come.this is for seller.
Advance tax is no more in property as fbr rate is updated.
Non filler can buy plots up to any worth buy have to become filler in next 45 days.
Stamp cvt will be calculated on new updates rate.for buyers.
Professional dealer pay a bit tax per year so does people who give home on rents have to pay too |
