Rate of valuation of immovable properties in Lahore, under sub-section (4) of section 68 of the Income Tax Ordinance, 2001
SRO 17(I)/2018 is an Income Tax SRO dated 10 January 2018, listed by FBR as "Rate of valuation of immovable properties in Lahore, under sub-section (4) of section 68 of the Income Tax Ordinance, 2001".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
REVENUE DIVISION
FEDERAL BOARD OF REVENUE
Islamabad, the 10th January, 2018.
NOTIFICATION
(Income Tax)
S.R.O. 17(I)/2018.- In exercise of the powers conferred by sub-section (4) of section 68 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Board of Revenue is pleased to direct that the following further amendments shall be made in its Notification No. 673(I)/2016, dated the 2nd August, 2016, namely:-
In the aforesaid Notification,
(a) in the Table titled "Allama Iqbal Town", in column (1), against S. No. 50, in column (3), for the figure, "837,500", the figure, "562,500" shall be substituted;
(b) in the Table titled "Shalimar Town", in column (1), against S. No. 40, in column (3), for the figure, "748,500", the figure, "363,000" shall be substituted; and
(c) in the Table titled "Nishtar Town", in column (1), against,-
(i) S. No. 11, in column (3), for the figure, "385,000", the figure, "237,500" shall be substituted;
(ii) S. No. 13, in column (3), for the figure, "440,000", the figure, "275,500" shall be substituted;
(iii) S. No. 22, in column (3), for the figure, "221,000", the figure, "190,000" shall be substituted; and
(iv) S. No. 32, in column (3), for the figure, "209,000", the figure, "200,000" shall be substituted.
[F.No.1 (121) Rules & SROs/2017]
(Ajaz Hussain)
Secretary (Rules & SROs)
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