Those who have invested in real estate with the Federal Board of Revenue have made their list in the last two years, but according to a news source, they have not paid any tax on these property transactions. What's more, 16000 people have provided financial support of Rs. According to Pakistan Revenue Automation Limited's statistical analysis, 80,000 real estate transactions have been registered in the last two years.
According to the DC rate, PKR 800 billion is the value of these transactions, although the real estate is much larger than that. Of the 16,000 people who have national tax numbers, the rest are not yet part of the tax net.
Pakistan Revenue Automation Limited has documented all the property items listed in the financial records of PKR over Rs. 4 million worth of assets, which is why it is important to note here that It has been stated that only income tax return filers can buy a property worth more than PKR 5 million.
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