The Federal Board of Revenue (FBR) on Tuesday announced property prices for 16 major cities of Pakistan including Lahore. However, they have recently published fair market values for DHA Lahore and various other societies in the city. In the case of residential plot, the fair market price is 30 to 35% more than the previous DC value. As far as prices of commercial plots are concerned, the market price is
The Federal Board of Revenue (FBR) on Tuesday set new property prices for 16 major cities of Pakistan. The move will provide a new base for the collection of withholding and capital gains tax. The rates have been notified with effect from 31st July 2016. FBR notified rates for Abbottabad, Faisalabad, Gujranwala, Gwadar, Hyderabad, Islamabad, Karachi, Lahore, Mardan, Multan, Peshawar, Quetta, Rawalpindi, Sargodha, Sialkot and Sukkur. FBR picked 21 cities
I recently came across a piece of news that our government is rewarding the tax payers. Great, isn’t it?! But when I went through the details, I wasn’t so sure about the virtues of this move. According to the news, the FBR (Federal Board of Revenue) identified 400 top tax payers and the prime minister announced rewards for them in the form of a privilege and honor card that carries several