Abdul Ghafoor replied on Tuesday, August 20, 2019 03:53 AM
There is no non-filer thing now. U will have to file tax returns with 45 days of sale. Otherwise expect large fine. As per my understanding, you will have to pay 5% cgt of 75% of price increase i.e around 37500 pkr. This will be CGT. Rest I think will be paid by buyer. If you don't submit tax returns within 45 days, you will be given penalty of 5% of FBR value of your plot. Plus 12500 which was reduced due to 25% discount for depreciation.
Another thing, the payment should be through cross check/demand draft i.e through banking channel. |
