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Punjab to Impose 5% Penalty on Property Transactions via Non-Banking Channels


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Punjab to Impose 5% Penalty on Property Transactions via Non-Banking Channels
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12-28-2024, 03:48 AM
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-...-channels/
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