Punjab to Impose 5% Penalty on Property Transactions via Non-Banking Channels - Printable Version +- Tax Talks (https://forums.taxationpk.com) +-- Forum: General Discussions (https://forums.taxationpk.com/forum-general-discussions) +--- Forum: News and Updates (https://forums.taxationpk.com/forum-news-and-updates) +--- Thread: Punjab to Impose 5% Penalty on Property Transactions via Non-Banking Channels (/topic-punjab-to-impose-5-penalty-on-property-transactions-via-non-banking-channels)

Punjab to Impose 5% Penalty on Property Transactions via Non-Banking Channels - TaxationPk - 12-28-2024 Punjab to Impose 5% Penalty on Property Transactions via Non-Banking Channels Lahore, Pakistan: The Punjab government has taken a stern stance against property transactions conducted through non-banking channels. A recent directive from the Board of Revenue mandates the collection of a 5% penalty on all property purchases exceeding Rs. 5 million made through non-banking channels. Enforcement Mechanism: The penalty will be applicable under Section 75A of […] https://taxationpk.com/punjab-to-impose-5-penalty-on-property-transactions-via-non-banking-channels/