FBR Revises Territorial Jurisdiction for Advance Income Tax Collection on Property Transactions in Karachi

The Federal Board of Revenue (FBR) has updated the territorial jurisdiction for the collection of advance income tax on property transactions in Karachi, designating the Regional Tax Office-1 (RTO-1) with the responsibility to oversee this process, according to an official notification from Islamabad.

With this revision, RTO-1 will manage tax collection under Sections 236C and 236K of the Income Tax Ordinance, 2001. The updated jurisdiction includes areas such as Arambagh, Civil Lines, Garden, Lyari, and Saddar towns in District South; Baldia, SITE, Maripur, and Harbour towns in District Keamari; Liaquatabad in District Central; Jamshed Town in District East; Orangi Town in District West; along with Clifton, Karachi, and Manora Cantonments.

Dr. Faheem Mohammad, the Chief Commissioner, emphasized that advance income tax from property transactions is a crucial source of revenue. He urged sub-registrars operating within the newly designated areas to enforce strict compliance with the FBR’s property valuation table.

Dr. Faheem also highlighted the importance of ensuring that tax collections on property sales and purchases are in line with the set rates outlined in the Income Tax Ordinance, to foster transparency and optimize revenue.