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Revision of Income Tax and Stamp Duty Rates in Respect of Immovable Property

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غیر منقولہ جائیداد کے حوالے سے انکم ٹیکس اور سٹیمپ ڈیوٹی کی شرحوں پر نظر ثانی

Revision of Income Tax and Stamp Duty Rates 2022

  1. After approval of Finance Act 2022/23, wef 1 Jul 2022, advance tax rates for tfr of immovable property (Sec 236C & 236K) have been revised. Details of new taxes are as follows:-
Description236 C (Adv Tax on the seller) (on FBR Rates)236 C (Adv Tax on Buyer (on FBR Rates)Stamp Duty (on DC Rates)
Old RatesActive Tax Payer 1%Non-Active Tax Payer 2%Holding Period 4 yearsActive Tax Payer 1%Non-Active Tax Payer 2% 1%
New RatesActive Tax Payer 2%Non-Active Tax Payer 5%Holding Period UnlimitedActive Tax Payer 2%Non-Active Tax Payer 5%2%
  1. It is highlighted that new rates will be implemented wef  Jul 2022. Furthermore, all tfr will be carried out with new rates wef 1 Jul 2022.
Revision of Income Tax and Stamp Duty Rates in Respect of Immovable Property
Revision of Income Tax and Stamp Duty Rates in Respect of Immovable Property

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