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Dear All
AOA

I would appreciate if could be guided for the below stated matter.

i read in of the Bhatti sb’s posts “CGT MYTH BUSTING” and referring to the method number 3rd, Buying a plot at FBR RATE and selling at FBR rate (in same financial year), this makes the CGT=0. If this method is adopted than during the purchasing phase of the plot, one has to pay the CVT+Stamp Duty according to the FBR rates which are higher than the DC rates? (The Punjab e-stamp computes stamp duty according to the mentioned plot price which is in this case equal to FBR RATE)

My question is in this view. Why not BUYING AT DC RATE AND SELLING AT DC RATE, is it possible? This way, CVT+Stamp Duty will also be minimum. I am not sure if my proposal makes an sense. I would appreciate if anyone could guide me on this.

Regards
Zain

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Salaam, Zain,

You can buy and sell at DC rates but than the extra money you will have will be considered as black, the best thing to do is to declare complete amount if you are a tax filer.

Jazak Allah

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