I have recently purchased a Flat worth Rs. 38,00,000/- back in July 2018 in Karachi. I am a regular filer and have declared all my wealth. I have recently done is registry but unfortunately due to lack of knowledge and information, the sales deed was prepared at Amount of PKR 200,000/- and all taxes were calculated and paid accordingly.
I was highlighted by one colleague that your remaining 36 lacs will be untracked because you have paid Rs. 38,00,000 but your transaction has been registered at Rs. 200,000/-.
Now what I will show in my next year return.
Can anyone please guide.
Regards,
HH
Dear Sir,
I will suggest that you consult a Tax lawyer for this purpose as he can go through your complete profile and suggest you a better remedial measure.
Jazak Allah
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