NA panel supports FBR move to curb realty black money
ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue has endorsed the Federal Board of Revenue’s (FBR) efforts to prevent black money in real estate and formed a sub-committee to review the proposed tax amendment bill with relevant stakeholders.
The committee meeting, chaired by MNA Naveed Qamar, reviewed the Tax Laws (Amendment) Bill 2024 and appointed a sub-committee to resolve the issues between the FBR and stakeholders on the bill.
As per the terms of reference, the sub-committee will ensure that the Revenue Division engages the Association of Builders and Developers (ABAD) to determine the quantum and timeline for eligibility. The sub-committee will submit its report within 10 days, with the first meeting scheduled........
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