Latest DHA Lahore Property Development and Property News 1. FBR HAS INTRODUCED ADVANCE TAX ON PURCHASER OF PROPERTY

Latest DHA Lahore Property Development and Property News
1. FBR HAS INTRODUCED ADVANCE TAX ON PURCHASER OF PROPERTY U/S 236K W.E.F. 01 JUL 2014.
THIS TAX IS EARLIER COLLECTED BY DHA AT FINANCE BRANCH COUNTER. WITH IMMEDIATE EFFECT ADVANCE TAX UNDER SEC 236K SHALL BE DEPOSITED IN NBP BY PURCHASER ON IT – 5 FORM BEFORE EXECUTION OF TRANSFER.
2. THE DULY PAID COMPUTERIZED PAYMENT RECEIPTS (CPR) SHALL BE SUBMITTED TO TRANSFER BRANCH ALONGWITH TRANSFER PAPERS BY THE PURCHASER AS PER APPLICABILITY OF TAX RATES ON HIM. DHA MANAGEMENT DATED: 22 OCT 2014