Advance tax on sale and purchase of property to be charged at new rate, FBR

Islam Abad (94 news) FBR says that advance tax on sale and purchase of immovable property should be charged at the new rate.

In this regard, FBR has sent a letter to the Provincial Revenue Boards and Capital Development Authority.

The post states that advance tax on purchase and sale of immovable property 1 Increased 2 Percentage was converted.

The FBR post further states that on sale and purchase of immovable property 3 The exemption of the year has also been abolished.

While it has also been made mandatory to provide tax payment certificate at the time of sale of immovable property.