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What is tax treatment of Real Estate Gains in Pakistan?

Posted on June 3, 2010 By masood No Comments on What is tax treatment of Real Estate Gains in Pakistan?

Taxation of Gains from Real Estate in Pakistan The Constitution excludes legislation on taxation of capital gains from the purview of the federal government. The income tax law has also been harmonized with these constitutional provisions by excluding the immovable property from the definition of capital asset, whose gain is liable to tax. Despite this,…

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