Construction Industry: PM Announces A Relief Package

prime minister announces special package for construction industry

Reading Time: < 1 minute 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 Construction Industry: PM Announces A Relief Package

IMF Rejects The Tax Scheme For Builders And Developers

imf rejects the tax scheme for builders and developers

Reading Time: < 1 minute IMF rejected the proposed tax scheme for builders and developers. Chairman FBR MR. Shabbar Zaidi announced it two months ago that they are drafting a special scheme for the industry to help it under the given economic conditions and to recirculate the money, stuck in the industry. The federal government drafted the presidential ordinance. But … Read more IMF Rejects The Tax Scheme For Builders And Developers

Property Dealers and Jewelers: FBR’s Special Instructions

special instructions for property dealers and jewelers

Reading Time: 2 minutes FBR issued special instructions for property dealers and jewelers. These are the draft amendments and open for the public. Subject to cabinet approval, these will become law. There are two basic requirements for real estate agents and jewelers (called designated persons in the draft) to fulfill. To maintain records of their customers To report any … Read more Property Dealers and Jewelers: FBR’s Special Instructions

Are You Required To Declare Your Assets? [Property]

are you required to declare your assets

Reading Time: 3 minutes The Asset Declaration Scheme 2019 is long over, and FBR is on a mission of sending notices and confiscating the “Benami” properties. There is confusion though amongst the folks who own a property or a vehicle if the said scheme applied on them or not. Put it in a simple question. Are you required to … Read more Are You Required To Declare Your Assets? [Property]

How To Purchase A Property As A Non-Filer

how to purchase a property

Reading Time: 4 minutes Planning to purchase a property? Wait for a minute. Make sure your name appears on ATL. That’s the case for those willing to invest in real estate. A whole new tenth schedule has been added in the finance act 2019 which contains provisions regarding the persons who don’t appear in the active taxpayers’ list (ATL) … Read more How To Purchase A Property As A Non-Filer