Punjab government reduced the stamp duty on the purchase of property. The Governor introduced it through an ordinance. According to the ordinance, the stamp duty is reduced from 5% to 1% on the purchase/transfer of the property. keep in mind though, This ordinance will be in effect until June 30th, 2020. It will only cover … Read more
Finally, the government introduced the long-awaited tax scheme for builders & developers. And we are here to unfold the secrets. So, get ready guys. The Basics Before we get deep into the subject, here is the summary of the scheme. Deposit the project money in the bank account. In the case of land, make sure … Read more
The precautionary measures for Congregation prayer are as under: 1. Pray in your locality. Don’t go to any other Masjid in the current situation. 2. Limit the number in the Masjid especially in Juma’a (Friday) Prayers. The Masjid administration should decide the number of people permissible according to their size. 3. Limit the time in … Read more
The Ministry of Commerce banned the mask export in a Notification. But that includes the ordinary face mask made of lycra. The notification is totally reasonable if the ban covers the surgical and N-95 masks only. Not the fashion masks which we can make with Lycra. Lycra is commonly available in the local market. Some … Read more
Prime Minister Khan announced the special package for construction industry. This package is long due but IMF opposed the idea saying it will create injustice in the tax system. Here are some key points, the details will follow later: 1. FBR won’t ask you about the source if you invest in the construction business in … Read more
The government of Punjab extended the lockdown for another week in its bid to contain the Coronavirus crisis. I believe its time to plan the exit strategy as lengthening it further may not be suitable for the economic situation of the country. The Best Possible Strategy The best possible strategy to offset the coronavirus crisis … Read more