FBR proposes increase in DC rates of property
The Federal Board of Revenue (FBR) has proposed an increase in the DC valuation of the property, bringing them to the real market value.
The FBR sources said the board will discuss the matter with the provinces.
The move is aimed at checking the growing injection of black money into the real state sector.
The proposed increase, which is in line with the FATF’s recommendation, will see an increase in the DC rates that are very low when compared to the real prices of the properties.