Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

FBR property and income Tax Notice Islamabad 2011,

(67547)
   Ahmad
Saturday, September 10, 2011 01:04 PM 
Reply: >
Dear Brothers,

Please advice, i have been living in Kuwait for the last 4 years. Last year i bought property in Islamabad Defense in my wife name.

1) Isn't overseas Pakistani's income exempted from income tax.

2) As i bought the property in my wife name we are getting income tax notices from FBR (Inland revenue)
to file her income tax for the last year 2010. which she can not as she is an ordinary house wife.

3) Also please advice a good lawyer in Islamabad who can handle this on our behalf in Islamabad, as the family is residing in Kuwait.

Regards,
Ahmad. (Kuwait)
MAK replied on Saturday, September 10, 2011 03:59 PM 

Dear Ahmed,

I have been through similar situation recently. All you have to do is to submitt following documents to the officer who served you the notice.

1-Passport and visa copy.
2-NICOP (if you have).
3-Proof of your overseas income.
4-Proof of remittance.

I hope it will solve your problem. All the best.
masifjamil replied on Monday, September 12, 2011 04:04 AM 

Please refer to post # 55248, which will help you a lot in understanding income tax at Pakistan.

Further please note that your wife, being owner of immoveable property with a land area of 500 square yard or more is legally required to file her income tax return, irrespective of her income, which she failed. She must submit her income tax return annually. Please also contact some income tax practioner / advocate to arrange submit her income tax returns. He may charge some fees, but you must do it.

The advise of Mr. MAK is not based on merits.
MAK replied on Monday, September 12, 2011 06:58 AM 

Sir,

I have alreay mentioned that my advice is based upon my recent personal experience which might be subjective.It,s intended for overseas Pakistanis with no source of income in Pakistan.
During my brief and pleasant experience with the FBR office, I learnt the following facts.

1-Any purchase of property, 500sq yards or more, requires a proof of the source of income.
2-The term NRI (Non Resident Individual) is used by the FBR for a person whose stay in Pakistan is not more than 90 days during a particular year.
3- NRI may not have to file a return, if his income is Zero in Pakistan. In that case, above mentioned documents would be sufficient to proove the source of income. In my case, I was not allowed to file a return despite my willingness to do so.
I do not live or earn in Pakistan and above procedure has worked for me.And I dont see any reason why it should,nt work for another overseas Pakistani. Rest God knows better.

Regards
>