CGT for land purchase on 2010 (karachi)


i had purchase a plot in Gulshan e roomi, Malir Cant, Karachi on 2010 for 12,20,000 now i have sale it for 6,200,000. I have declare this with amount as 1,220,000 in return file (in year 2015 return). How much i have to pay CGT. Although i have purchase before Jul 2016 & not sale before 3 yrs but i mention this as asset in my first return file in 2015, will this make any outage ??

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Dear Kamran,

I dont think so that you will have to pay any CGT, however you should consult a tax lawyer to reconfirm.

Jazak Allah

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