@ciaceciappa@AmerSharifOFCL Last year FBR did this for the salaried person and the people who filled their return by themselves will suffer for the next 5 years
you can't file your return until you know the tax law and there are two books of 1000 pages which are updated every year.
@AmerSharifOFCL Strongly disagree with you being in this profession from several years in the tax system like Pakistan everyone shall have some extra in the tax return we can argue about the nature of that asset.
@AmerSharifOFCL The person whose account is used will probably receive a notice for FBR about explanation of credit side in Bank Statement and then he will regret all this
@AmerSharifOFCL The article itself is misleading 236 C and 236 K tax aren't the only tax paid by the real state sector there are also capital gain tax ,Gain on corporate income of real state companies,other withholding taxes which are not used in calculation
@AmerSharifOFCL You are trying to mislead the people the reality is this they collected 13 trillion the collection from the salaried class is just the fraction of it
@RedZoneIsb Do you have any idea how tax law works ? FBR cannot issue notices older than 5 years which they did in this case further you definition is incorrect fbe can't impose any tax only elected bodies whether provincial local or federal can impose taxes
@AzamAKhan2 This issue is not related to the resident even if he was resident during two years as claimed by FBR his income still be exempt provided he was not resident during last four years
@RaiHamzaAhmad1 There are a lot of things which are not clear yet how fbe can sent a notice older then 5 years. Separate notices were served for each year or a single notice was served
@RedZoneIsb This is not true there if a person is non resident for the last 4 years and becomes a resident for the next 2 years his income will still be exempt and in this case it also seems that notice issued by fbr in this case was older then 5 year which is illegal
@FBRSpokesperson The information is still incomplete from your side it clarifies nothing.1st you can't issue notices older than 5 years .2ndif he was resident for the 2017-2018 his income will still be exempt because of section 51.3rd) there are tax credits also available on foreign source incme
@ranjha001 Sale tax 18%
Cooperate tax 29%
Super tax 10%
On dividend payment tax 15%
29+10+15=55% on profit plus
18% sale tax on sale price if this is the low then what will be the high