Income tax increased on property sales and sales of the country

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ISLAMABAD: The FBR has issued a new Value Rate by adding 20% to the property value for the tax on sale and sale of commercial and residential properties in all cities, including Islamabad. Will be received.

According to Express, 20 notification has been issued in this regard, which has been said that Islamabad, Lahore, Karachi, Faisalabad, Peshawar, Multan, Mardan, Jhang, Gujarat, Sukkur, Hyderabad, Sialkot, Sargodha, Sahiwal, Quetta And property for Jhelum and other major cities has increased by 20 percent and the tax will be received from fileers and non-fileers at an extra cost, the new rates are issued in that case.

According to the increased price, 2% from the fileers on the purchase of property and 4% Advance Income tax will be received from the non-filename, but one percent from the files on the sale of property and two percent of non-filename will receive the income tax tax.

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