the land transferring authorities are collection agents and responsible
to follow advance income tax provisions u/s 236c and 236k of income tax
ordinance 2001. On non-compliance, Federal Board of Revenue (FBR) may get
recovery of any scrutinized discrepancies from transferring authorities. As per
Finance Act 2025, the amendments are under:
I.
On Sales/Transfer of Immoveable property u/s 236c:
Any person responsible for registering, recording or attesting transfer
of any immovable property shall at the time of registering, recording or
attesting the transfer shall collect from the seller or transferor advance tax
at the rate mentioned below:
Sr. No
Gross Consideration Received
Person Appearing In ATL
Tax Rates Person Appearing in ATL who Filed Return After
Person Not Appearing In ATL
Due Date
1
Upto Rs. 50 Million
4.5%
7.5%
2
Over Rs. 50 Million To 100 Million
5%
8.5%
3
5.5%
9.5%
11.5% of Gross Amount of Consideration
Received
II.
Exceeding Rs. 100 Million
On Purchase/Transfer of Immoveable property u/s 236k:
Any person responsible for registering, recording or attesting transfer
of any immovable property shall at the time of registering, recording or
attesting the transfer shall collect from the purchaser or transferee advance
tax at the rate mentioned below:
Sr. No
Fair Market Value
Person Appearing In ATL
Tax Rates Person Appearing in ATL who Filed Return
After Due Date
1
Upto Rs. 50 Million
1.5%
4.5%
2
3
Over Rs. 50 Million To 100 Million Exceeding Rs. 100 Million
2%
5.5%
2.5%
6.5%
III.
Person Not Appearing In
ATL
10.5%
14.5%
18.5%
Restriction of Economic Transactions by Certain Persons us 114c. As per
Section 114C(1)(b), any application by an ineligible person to any authority
responsible for registering, recording or attesting, transfer of immoveable
property shall not be accepted unless the person falling in exemption limit
i.e. less than 100 million.
ppp
