By ProPK Staff | Published Aug 24, 2022 | 7:43 pm The Securities and Exchange Commission of Pakistan (SECP) has allowed Modaraba companies to deal or trade in real estate projects recognized by development authorities. In this regard, SECP has issued a notification. According to the notification, a Modaraba company can hold, deal or trade in real estate projects, subject…
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Recorder Report Published August 9, 2022 Updated August 10, 2022 LAHORE: The Federal Board of Revenue (FBR) has withdrawn the holding period exemption for the collection of advance tax on sale or transfer of immovable property. Sub-section (3) of section 236C of the Income Tax Ordinance, 2001 has been omitted. “Now advance tax on sale or transfer of immovable…
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