Tax amnesty scheme already announced for builders and developers for construction of housing projects is going to end as at December 31, 2020.
Complete procedure to get registration under the said tax amnesty scheme is available under Section 100D of Income Tax Ordinance, 2001.
Exemption from Section 111 on purchase of plot and building on the conditions of:
List of persons for whom Exemption from section 111 is not available for:
Read out all above mentioned items from the below attached post link:
Progress of the construction package.
90% Tax Relief on low cost housing projects.
Applicable to land builders, developers & new/existing industrial / development projects.
Read out all above mentioned items from the below attached post link:
FBR announced to give 90pc tax exemption on low-cost housing projects
“The growth of several allied industries has been linked to the growth of the construction sector and all favorable policies will help the allied industries to grow and play a significant role in strengthening the economy,”
SAARC-CCI President
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