ISLAMABAD: The Federal Board of Revenue (FBR) has collected over Rs 10 billion through 38,034 transactions under section 236K of withholding tax from sellers of immovable property in 11 months of the current financial year till May 31.
Sources told Customs Today that during the last financial year, the FBR collected Rs 5.38 billion in 44,288 transactions in the same period under section 236K. The FBR has now collected double amount in the current financial year as compared to the last year under the same head.
Total difference between current financial year and last year collected amount is over Rs 4.674 billion while 6,254 transactions are less as compared to last fiscal year.
In July 2016, the FBR collected Rs 255.541 million in 1625 transactions while during last financial year in the same month the FBR collected Rs 312.494 million in 2,565 transactions.
In August 2016 (current FY) FBR collected Rs.617.676 million through 2,675 transactions while in August of FY 2015 FBR had collected Rs 155.966 million in 3,623 transactions.
In September 2016 FBR collected Rs 674.169 million through 2,696 transactions while last FY in same month FBR had collected Rs 359.108 million in 3,061 transactions.
In October 2106 FBR collected Rs 784.144 million in 2,784 transactions while last FY this amount was Rs 537.126 million in 3,649 transactions.
In November 2016 FBR collected Rs 1,019 million in 3,965 transactions while last fiscal year of same period, revenue was Rs 393.714 million in 3,549 transactions.
In December 2016 FBR collected Rs959.219 million in 3,598 transactions as compared to last FY Rs513.361 million in 4,627 transactions.
January 2017 FBR collect Rs 1.139 million in 4,118 transactions as compared to last FY in same month Rs 509.131million in 4,217 transactions.
In February 2017 FBR collect Rs 1,212 million in 4,612 transactions as compared to last FY Rs 490,618 million in 4,237 transactions.
In March 2017 FBR collect Rs 1,482 million in 4657 transactions as compared to Last FY in same period Rs 633,518 million in 5,233 transactions.
In April 2017 FBR collect Rs 1,053 million through 4,278 transactions as compared last FY in same period Rs 594.550 million in 5,182 transactions and in May 2017 FBR collected Rs 856.519 million through 3,026 transactions while last fiscal year in same period FBR had collected Rs 574.849 million in 4,345 transactions.
