Federal Board of Revenue revised Tax schedule for the purchase of immovable property under section 236-K & for the sale of immovable property under section 236-C as under:

Finance Act 2016-2017

FBR TAX

Effective from 1st July, 2016

Value above 3 Million (30 Lacs)

For the purchase of immovable property under section 236-K (Advance Income Tax – Adjustable)

For Filer                       2%

For Non Filer             4%

For the sale of immovable property under section 236-C (Gain Tax – Adjustable)

For Filer                       1%

For Non Filer             2%