WebThe decision is taken to bring FBR rates closer to market values. As a result of which the taxation rate will be bit higher than usual. As per news report, the FBR rates will be increased up to 80 percent of market value. Meanwhile, it was only 10 percent of the market value few years ago. This notification will be applicable from July 24, 2024. WebAug 3, 2016 · The new valuations of open residential plots in these societies is PKR 35,000 per yard 2. According to the document released by the FBR, commercial and residential open plots in Category I will be valued at PKR 75,000 per yard 2 and PKR 25,000 per yard 2 respectively for calculating property tax. While in Category II, the property rate will be ...
FBR issues tax rates for income from immovable properties
WebAug 1, 2024 · Federal Board of Revenue has finalized the property valuation rates in all major cities of Pakistan for the fiscal year 2024-2024. This is an important factor which directly affects real estate activities, as these official prices are used for tax purposes. FBR had proposed major changes in property valuation rates in 18 major cities in June ... WebJun 24, 2024 · Due to new rates it is very difficult to transfer the land which is Rs. 3 lac per 5 marla plot which was Rs.110000/- before this new valuation rate of FBR. Pir Motasim Shah says: August 7, 2024 at ... epublishing jobs
FBR jacks up property valuation rates in range of 100-600%
WebFeb 17, 2024 · Experts at Deloitte Pakistan Chartered Accountants said that the Finance Bill 2024, proposed the increase in the number of tax slabs from five to eight. Three new tax slabs are proposed for income exceeding Rs4,000,000 to match the maximum rate with that of the individual tax rates. 1. Where the gross amount of rent does not exceed … WebJul 5, 2024 · The Federal Board of Revenue (FBR) has been gradually bringing its property valuation rates (aka immovable properties valuation rates) closer to market value ever … epublish tender