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According to the official data provided by the FBR, income tax receipts from the sale and purchase of real estate increased by 32% to PKR 81.20 billion in the tax year 2022, from PKR 61.15 billion in the tax years 2020–
Sections 236-C and 236-K of the Income Tax Ordinance were used to collect property taxes on the sale, acquisition, and transfer.
The tax revenue under Section 236-K increased by 32% to 64.58 billion for 2022 compared to the previous year. It is important to remember that the government gave the construction sector an enormous subsidy in the previous year, which included a reduction in the tax rate on real estate and an increase in FBR income sources.