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Advance Tax on Property Purchase,

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   Property Student
Thursday, April 30, 2015 06:45 PM 
Reply: >
Dears, Please let me know, where to pay advance tax for property purchase.

From where I can get form? and what form named as?
What to mention on the form (accounts Govt. head)?

I will be thankful for detailed reply.


Thanks
Jameel replied on Thursday, April 30, 2015 08:35 PM 

Get NTN number of society, goto national bank of Pakistan in Y Block DHA, Get form near by Photocopier ge fill with hand and pay in bank
If no rush it will take one hour.
search previous post someone wort in detail it is 2% if buyer does not have its own NTN number if have then only 1%
Property Student replied on Friday, May 1, 2015 03:02 AM 

Dear Jameel, I tried to search but not found what I need.

What this form called?
What name to mention on which account money to be send?

I called NBP they asked me on which head you will deposit that I don't know and then they said if I deposit in a wrong govt. head money will not retrieve in any case.

Actually I am in abroad, and I have to pay 2% because I am not tax payer.

I request LRE to put some light on subject matter please.
faiz replied on Friday, May 1, 2015 11:15 AM 

Dear.
Last week there was discussion on this forum that as you are oversea purchaser, and can provide ur valid visa and NICOP id card, then u do nt need tay this tax.
Request othrr friend to reply if any have more info.
Jameel replied on Friday, May 1, 2015 04:19 PM 

Which society is It? If DHA there will many to help you there
If Not DHA Call their office and get the NT Number, Best thing is tell them to give copy or specimen of some recent transfer.

You have just to Mention, Your particulars, ID Card details, society office name NT, and Property Number. Once it is there the Guy in the Bank will enter that number in the system all the details of society will come . Then he will print and Give you this Paper to Submit to the Cashier,{ The Form you will Fill is Just a Kacha paper In fact all the information has to be retyped by that Banker]. After payment you get 2 Copies one for You and One for society.
The reason I told you to go in DHA Y Block office is they have dedicated Banker who is doing only this stuff, Otherwise in other Branches they will keep you telling we don't know. Goto them in 9 AM, 10 AM you will be out.

@ Faiz this info is wrong best of my knowledge. Only exemption is overseas buying property which is offered by Govt to overseas Dept Like you direcly buy from OPF then you have not to pay
Property Student replied on Saturday, May 2, 2015 07:00 AM 

Dear Jameel, I purchased plot in fazaia by last year, after me to come back here I received a letter from fazaia that I have to pay 2% advance tax in national bank of Pakistan and send them the receipt to them for issuing the allotment letter.

Actually by next month I going Pak so I will pay the amount but don't know where to pay from where to get the forms, I asked society as well but they told me only go to NBP and pay.

Further I wish to invest on raiwind road, Please advice for right investment for good gain, with budget 45lac approx.
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