FBR has proposed the option to extend the amnesty scheme for another six months.
FBR received legit & serious proposals to extend the deadline for income source probe exemption of investments, from June 30 to December 31, 2021
Amnesty scheme announced BY PM IMRAN KHAN for the construction industry in April 2020
Statistics shared by the FBR, a total of 1,083 construction projects worth 340 billion have already been registered. Developers of another 292 project are in the queue.
Approximately 3,850 buyers expressed an interest to purchase properties by availing of the construction industry.
new Year’s Gift’ for the construction industry, the fixed tax regime was extended till December 31, 2021. Simultaneously deadline for the registration of real estate projects with the FBR till Sept 30, 2023, the extended date for was March 31,2023 regarding exemption for disclosing the investments for the buyers
Disclosure of the source of income that is being invested in real estate projects. Most legal & tax experts recommended government extend the scheme.