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Tax evasion

Sir: According to a news item, only Rs. 4 billion are collected every year from property deals amounting to Rs. 7000 billion. This only proves the scale of tax evasion in the property sector. This amount probably does not include the thousands of property transactions in Karachi's Bahria Town, which reportedly has yet to be registered with the government for tax to be recovered. The tax authorities should investigate.

SHAKIR LAKHANI
Printed in Daily Times, August 25, 2016

http://dailytimes.com.pk/e-paper/2016-08-25/lahore/6167

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