Prime Minister of Pakistan has announced the “Awam Dost” largest relief package for the construction industry of Naya Pakistan Housing scheme 2020.
Contents
Fixed Tax Regime For Builders & Developers
♣ 90 % relief in fixed tax in the housing projects
♣ Without withholding tax to buy construction retrials and services
♣ Import of Plant and Machinery, the construction profession changed into Industry
One time relief from Capital Gain Tax
♣ For the selling of house 500 Sq yards or flat 4000 sq foot
♣ Free from property investigation, in case of buying plots/buildings and investing money into new construction projects
♣ Advance tax has been decreased upto 50%
Huge Advantages for Construction Industry
♣ Rs. 3 Lac subsidy on first one lac house
♣ Debt on 5% Markup on 5 marla house
♣ Debt on 7% Markup on 10 marla house
♣ All the banks have been fixed the amount of 330 billion rupees
♣ Web Portal has been introduced for the processing of NOCs
