urban immovable property tax act 1958 pdf editor

includes areas defined as such in the Urban Immovable Property Tax Act, 1958 and such areas as the Federal Board of Revenue may, for time to time, by notification in the official gazette specify. in other cases up to 10 kilometers from the outer limits of municipal bodies or cantonment boards and in case of Lahore and Faisalabad up to 30 kilometers from the outer limit of municipal or cantonment limits in case of Karachi up to 40 kilometers from the outer limit of municipal or cantonment limits The property registration should certify that the statement contained complete information regarding attestation/registration of properties, located in urban area (other than agricultural land), measuring at least five hundred square yards or one kanal, residential flat with covered areas measuring 1500 square feet and above, and commercial properties.Īccording to the rules, for the purpose of the statement ‘urban area’ means area falling within the limits of: Value of the property as per deed of registration Property Valuation and Tax Calculator Property Valuation for urban and rural areas of Karachi with effect from 1st July 2016 - ONLY FOR KARACHI. In this Act unless the context otherwise requires, the following expressions shall have the meanings hereby respectively assigned to them, that is to say (a. 6(2) It extends to the whole of the 7Punjab, except the Tribal Areas. Full particulars and location of propertyĠ7. (1) This Act may be called the 5Punjab Urban Immovable Property Tax Act, 1958. You can read all your books for as long as a month for FREE and will get the latest Books Notifications.

National Tax Number or CNIC of the sellerĠ6. What are you looking for Book 'The Sindh Urban Immovable Property Tax Act 1958 With The Sindh Urban Immovable Property Tax Rules 1958 And Allied Laws' Click 'Read Now PDF' / 'Download', Get it for FREE, Register 100 Easily. National Tax Number or CNIC of the buyerĠ5. The registrar is required to provide information of property transactions, included:Ġ2. a residential flat with covered area measuring 1500 square feet and above or

measuring at least 500 square yards or one kanal, whichever is less orī.

KARACHI: A registrar is required to provide information of buyers and sellers of immovable properties in withholding tax statement to the Federal Board of Revenue (FBR).Īccording to Income Tax Rules, 2002, every person responsible to register or attest the transfer or right to use of immovable property, located in urban area, if it is Ī.

Urban immovable property tax act 1958 pdf editor