The Federal Board of Revenue (FBR) planned to revise the valuation rate of immovable property that go through the roof by 25 to 30%. So Capital gain tax & advance tax would be applicable after July 1st. Certainly, FBR envisions to bring property valuation rates closer to fair market value.
Overall, the major cities affected by this order includes:
Meanwhile, FBR have not proposed any change in valuation rate for the properties of Quetta & Karachi as yet.