MULTAN: The business community and trade bodies have rejected the Federal Board of Revenue (FBR) property valuation tables for Multan district as it is **t acceptable for being unrealistic.
Talking to journalists here on Tuesday, Multan Chamber of Commerce and Industry president Fareed Mughees Sheikh said that these valuation tables were prepared without consultation with the stakeholders for the sake of receiving maximum tax. He also rejected the FBR’s proposal to realise five per cent advance tax from the developers and builders. He **ted that there were many legal flaws in the valuation system, which needs to be ******* in consultation with the Multan Chamber and other concerned stakeholders as there could **t be two regulators. He also emphasised that amendments should be made in the valuation tables to make them practical.
08-18-2016, 04:50 AM
?Business community rejects FBR?s property valuation tables?
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