ISLAMABAD: The Federal Board of Revenue has jacked-up the valuation rates of FBR-notified rates of immovable property, including commercial, residential, apartments, flats and other areas of 40 selected major cities of the country.
The FBR used to fix immovable property rates of 20 selected cities but now this number has increased to 40 major cities while areas within the cities also increased. So the coverage of valuation tables increased. The valuation tables have been revised upward with the aim to collect more taxes from the property sector. The FBR has increased the valuation rates of selected 40 cities manifold.
The FBR has notified valuation tables for Abbottabad, Attock, Bahawalpur, Bhawalnagar, Chakwal, Dera Ismail Khan, DG Khan, Faisalabad, Ghotki, Gujranwala, Gujrat, Gwadar, Hafizabad, Hyderabad, Islamabad, Jhang, Jheleum, Karachi, Kasur, Khushab, Lahore, Larkana, Lasbella, Mandi Bahauddin, Manshera, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sahiwal, Sargodha, Sheikhupura, Sialkot, Sukkur and Toba Tek Singh.
The valuation rates of immovable property in the shape of flats and apartments is fixed in E-7 at Rs251,500 as value per square foot. For commercial property, the valuation of shop in Blue Area has been fixed at Rs680,420 per square foot, first floor in Blue Area Rs168,856 per square foot.In Karachi, the value in respect of a residential building consisting of more than one storey shall be increased by 25pc for each additional storey i.e.
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
ذریعہ: AbbTakk - 🏆 2. / 68 مزید پڑھ »
ذریعہ: Nawaiwaqt_ - 🏆 6. / 63 مزید پڑھ »
ذریعہ: jang_akhbar - 🏆 7. / 63 مزید پڑھ »