It is unfair on the part of the Ministry of Finance and the Federal Board of Revenue (FBR) to approve and impose a plethora of taxes on the thriving sectors of real estate and construction. The FBR has also issued a circular asking authorities responsible for registering sale or transfer deeds not to attest any such transfer unless and until the seller pays tax liabilities under Section 7E (rental tax).
The said circular instructs sellers to obtain an NOC signed by the Inland Revenue Commissioner, which is a time-wasting task. Before issuing this circular, the FBR must have installed an online system that could have easily generated the required NOC.
Mumraiz Khan
Karachi
I would like to congratulate Dr Ikhtiar Baig on his successful win from NA-241. As a resident of this constituency, I...
When our neighbour’s house was being renovated, one worker had the job of taking a load of bricks to the upper...
It has been around a year since the government established the Special Investment Facilitation Council to attract...
The PML-N has been given another chance to serve the country but does not appear to have learnt any lessons from its...
Over the last decade, there has been a mushroom growth of private housing schemes across the country. No doubt, the...
This letter refers to the news report ‘Punjab cabinet approves Nawaz Kisan Card’ . While it would be all right for...
