R&J Law Associates

07/10/2020

Judgment of the day.
SCMR 2020 832
Transfer of property Act. 1882.Sec.54..
Unilateral Agreement to sell can be treated as valid if proved with reliable and cogent evidence...

03/10/2020

گاڑیوں کے کاروبار کو دستاویزی بنانے کا آغاز، نوٹیفکیشن جاری کردیا گیا، گاڑی کی فروخت پر 17 فیصد سیلز ٹیکس اور فروخت کا بتانا ہوگا، گاڑیوں کی کیش سے خریدوفروخت پر پابندی، بینکوں سے ادائیگی کرناہوگی، نان فائلر کو اضافی 3 فیصد ٹیکس دینا ہوگا، نوٹیفکیشن

12/09/2020

16 SCMR 1781
Atorny can't transfer property to himself or his kin without special permision
Duago
Sheraz Ahmad Barri advocate High Court

17/08/2020

19/07/2020

Federal Tax Ombudsman (FTO) has advised the Federal Board of Revenue (FBR) to impose penalty for late filing of income tax returns instead extending the last date.

19/07/2020

The FTO recommended that in order to encourage increase in filing of Returns by employees of government and autonomous bodies, it was recommended that FBR to approach the concerned Authorities/Establishment Division to issue instructions to heads of government Departments, autonomous bodies and large scale public sector organizations for obtaining certificate of filing of Returns by their employees falling in the tax net, at the end of last date of filing of Returns, and link their promotions/increments to filing of Returns.

12/07/2020

5.One time exemption of tax on capital gain on sale of personal accommodation of size upto 500 sq yard house or 4000 sq feet apartment.
6.Construction sector given the status of an industrial undertaking for import of plant and machinery.

7.Advance tax on auction of immoveable property reduced from 10% to 5%.
8.CVT on immoveable property and shares has been withdrawn in ICT.

12/07/2020

4.Exemption from section 111 is not available for:
i.Public office holders
ii.Public companies, REITs and companies whose income is exempt
iii.Proceeds of crime

12/07/2020

ii.Building, if:-
•Purchase is from a registered project and buyer is the first purchaser of the building
•Purchase is made before 30.09.2022 (Complete payment is made through banking channel)