Tax Amnesty Scheme Beneficiaries Allowed to File Declarations
According to news sources, the Federal Board of Revenue (FBR) in Islamabad permitted individuals who had paid their taxes under the 2019 tax amnesty scheme for the construction industry to file their tax returns. The filing window for tax returns is between September 10 and September 25.
Read: President Asks Industrialists to Offer Jobs to Special Persons
According to the specifics, this relief will benefit 12,300 individuals who paid PKR 2.6 billion in taxes to the FBR for declared assets in 2019. It is a one-time opportunity for taxpayers who paid tax under the amnesty program but were unable to file a tax return.
It is important to mention that the scheme for tax payment was launched in May 2019 and the declaration was to be filed by June 30, 2019. However, the date was extended till July 3, 2019.
Read: Local Phone Industry Earned $300 Million and Created 50,000 Jobs in Last 2 Years
Moreover, keeping the hardship of people in mind, FBR allowed the filing of declarations for people who deposited tax before the due date but were unable to file declarations for any reason.
According to sources, it was reported that the 2,125 real estate projects worth PKR 350 billion were registered with FBR’s IRIS software by 1,321 persons. It was disclosed that 1,775 were new projects and 350 existing ones. The sources reiterated that the registered projects must be completed before September 30, 2023.
For more updates, stay tuned to Al Sadat Marketing News!
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005
