The benefits of above exclusions are restricted to active taxpayers only. Immovable property owned by a local authority, a development authority, or builders and developers for land development and construction, subject to the condition that such persons are registered with Directorate General of Designated Non-Financial Business and Professions.Immovable property owned by a provincial government or a local government.Where the fair market value of the immovable property does not exceed PKR 25 million.Globulin, total: 1.9 g/dl normal lab range: 1. Albumin, serum: 5.0 g/dl normal lab range: 3.5 - 5.5. Immovable property in the first tax year of acquisition where advance tax on purchase has been paid. My scores are below: Protein, total, serum: 6.9 g/dl normal lab range: 6.0 - 8.5.Any immovable property from which income is already chargeable to income tax.Immovable property allotted to (i) a shaheed or dependants of a shaheed belonging to Pakistan Armed Forces (ii) a person or dependants of the person who dies while in the service of Pakistan armed forces or Federal or provincial government (iii) a war wounded person while in service of Pakistan armed forces or Federal or provincial government or (iv) an ex-serviceman and serving personnel of armed forces or ex-employees or serving personnel of Federal and provincial governments, being original allottees of the capital asset duly certified by the allotment authority.
Self-owned agriculture land where agriculture activity is carried out by person excluding farmhouse (defined in a specified manner) and land annexed thereto.Self-owned business premises from where the business is carried out by the persons appearing on the ATL at any time during the year.One immovable property owned by the resident person.This translates into an effective tax at 1% of fair market value of immovable property.Ĭertain exclusions have been provided for immovable properties for the purpose of this tax, which includes: The rate of tax on such income is prescribed as 20%. Such deemed income shall be computed as 5% of the fair market value of the immovable property. Tax on value of capital assets in PakistanĪ resident person owning immovable property in Pakistan will be taxed on deemed income for tax year 2022 and onwards. Varying WHT rates are prescribed for different goods, services, and contracts provided and executed by individuals and AOPs, based on status of the vendor being an active taxpayer or not. In general, the entire tax is deducted at source on payment of salary to individuals at rates mentioned above for salaried individuals. The following tax rates are applicable in other cases (for individuals and associations of persons ): Taxable income (PKR) The following tax rates apply where income of the individual from salary exceeds 75% of taxable income: Salary is considered Pakistan-source income to the extent to which it relates to employment exercised in Pakistan, wherever paid. A non-resident individual is taxed only on Pakistan-source income, including income received or deemed to be received in Pakistan or deemed to accrue or arise in Pakistan. Pakistan levies tax on its residents on their worldwide income.
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