ISLAMABAD: The Federal Board of Revenue (FBR) has not suspended the recently enhanced values of the immovable properties in 40 major cities, according to the FBR’s official spokesperson. Talking to Business Recorder here on Monday, the FBR spokesperson clarified that the FBR has not suspended new values of immovable properties and no committee has been constituted in this regard.
He dispelled rumours that the FBR has temporarily suspended the new notified rates of immovable properties. According to a tweet of the FBR’s spokesperson, “the recently notified property valuation by FBR was finalized through a consultative process by the Field Formations.
However, if there are some instances of valuation beyond the market price, the same will be reviewed in consultation with the key stakeholders”.
Copyright Business Recorder, 2021
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