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Finance Act 2016-2017 FBR Tax

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%

Finance Act 2016-2017 FBR Tax
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Finance Act 2016-2017 FBR Tax

7 thoughts on “Finance Act 2016-2017 FBR Tax

  1. Mein aik non.filer hoon.
    Abhi mein bhi nei kar raha on ur advice. Overseas hoon
    . Kaheeen aess to naheen FBR mere ghar walo ko pareshaan kare on purchase of properties those were purchased in the past ?
    Pls advise atif bhai.

  2. Dear Mr. Atif Iqbal,

    I called you yesterday but your phone was off. My wife came to your office but you were not there. I sent you a message on WhatsApp and you did not reply. It has been approximately one month since I have given you token money in the amount of 4 lake 20 thousand against 2 × 1 Kanab for 34.5 laks each for DHA Gujranwala. In our first meeting I had clearly asked you how long would this take before we have these 2 plots on Gujranwala DHA. Nothing ha’s happened yet and we are very much concerned. We have become more concerned since my wife visited your office yesterday and there were other people there complaining about the similar situation. Again this is my 4th request to you to please get us these properties within today because such delay and your neglect and absence without any correspondence is unacceptable.
    Kindly contact me or my wife today and resolve this matter.
    Thank you,

    Ahmad Ali

    1. Dear Ahmed Ali Bhai,

      I explained you before that due to some procedural issue it is getting delayed. We are not delaying it intentionally. Our intention is execute the deal as soon as possible to get our 1% commission. Your token money is always your deposit with us and is in safe hands. I assure you again that once the process will complete your concern will be clear. It is due to delay. I do apologize for this delay. Although this delay is not at our side. I was not in Lahore due to a family tour. I sent you message from Hunza but due to limited service it could not be delivered on whatsapp. Today I am back to office and you can visit me any time at my office. I will again do request to you that please allow me time to complete the transaction. Today rate is 36.50 lacs but you are getting files in 34.50 lacs as commitment. Although please try to understand that DHA only work for working days. While making any calculation for the days please ignore all off days. I am approving and replying you in this public forum so other people can read and assess the situation which we face in the practical life. I been send message to your number and your wife number as well. I was at Khunjrab Boarder when your wife came to my office. I was unable to contact any one. I receive this information from my office staff when I reach Naran. I understand your concern but hope fully when you get the copy of voucher and intimation letter, every thing will be fine.

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Atif Iqbal from eProperty®