It is once again clarified for the worthy members that 10% Capital Gain Tax is not to be paid at the time of sale or purchase of property. This Tax is on profit on sale and is to be paid with income at the time of annual income tax return.
Few Initial Points of Successful meeting between Dealers associations and Govt.
Holding Period is 3 years.
CGT for 1st Year is 10%
For 2nd Year is 7.5%
For 3rd Year 5%
After 3 years 0%
Withholding is .4% on banking.
Values To Increase frm 200% to 300% frm current DC values.