The federal budget for the fiscal year 2024-25 has proposed an increase in the tax rate for filers and non-filers on the sale and purchase of property.
According to the budget document, it is proposed to raise the tax on capital gains from property transactions in the next financial year. Filers will face a 15 percent tax on property transactions, while non-filers will be taxed up to 45 percent.
Budget 2024-25: Government Promotes Green Energy with Discounts on Solar Panels
Separate rates for filers, non-filers, and late filers on immovable properties have also been proposed.
Presenting the budget in the National Assembly, Federal Finance Minister Muhammad Aurangzeb stated that this initiative aims to document the economy and curb speculation in the housing sector. He added that this move will also ensure proper accommodation for people.
Daraz Pakistan, the country’s leading e-commerce platform, has entered into a partnership with Walee, the…
Despite crowded markets and high expectations, Karachi’s traders have expressed disappointment over sluggish sales during…
Prime Minister Shehbaz Sharif has announced a reduction in electricity tariffs, lowering the national average…
The much-anticipated drama Shirin Farhad has officially hit the screens, and fans can’t stop talking…
PepsiCo Pakistan is advancing its food security efforts this Ramadan through the "Filling Hearts" initiative,…
BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved…
This website uses cookies.
