Updated on
Summary The buyer can easily clean up his asset while paying just 3 percent of the tax to FBR
ISLAMABAD (Dunya News) – The Federal government has imposed the Income Tax (Amendment) Act 2016 across the country.
According to the new act, the buyer can easily clean up his asset while paying just 3 percent of the tax to the Federal Board of Revenue (FBR).
In addition, a capital gain of five per cent has been imposed on the sale of immovable property within three years with no capital gain after the third year.
Two percent withholding tax has also been imposed on real-estate exceeding worth Rs.40 lakh.
Featured
