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What is Assets Declaration Ordinance 2019 Overview about?

The FBR value is the value notified by the Federal Board of Revenue for property tax purposes under section 68(4) of the Income Tax Ordinance, 2001. The DC value refers to the value determined by the District Collector/Administrator. (b) In case of domestic movable assets including cash in hand, 150% of the fair market value. (c) In case of foreign assets, 150% of the fair market value or 150% of the book value, whichever is higher. Explanation: For the purpose of this section, the fair market value mean

Author

WAQAS AHMED

Language

EN