09-25-2010, 01:05 AM
Dear
There is one more question....!!! i had a distribution business which has been suspended presently due to economic condition..... nevertheless i had to sell out one of my property..... the property was sold at premium, more than the value declared in the wealth statement. is there any tax that i have to pay on that excess amount, i have received ??????????
Moreover, i am receiving remuneration from a company which is less than 200000.... should i stay quiet and donot tell anything about my property or other thing unless they...demand or .....whatever!!!!. Because i have read that those with less than 200000 income donot have to file retun........
Regards
Taha Siddiqui
There is one more question....!!! i had a distribution business which has been suspended presently due to economic condition..... nevertheless i had to sell out one of my property..... the property was sold at premium, more than the value declared in the wealth statement. is there any tax that i have to pay on that excess amount, i have received ??????????
Moreover, i am receiving remuneration from a company which is less than 200000.... should i stay quiet and donot tell anything about my property or other thing unless they...demand or .....whatever!!!!. Because i have read that those with less than 200000 income donot have to file retun........
Regards
Taha Siddiqui
