TopCity-1 is the 1st ever smart city of Pakistan. It is a project planned by Dynast Associates, and marketed by Star Marketing. It is situated at the prime location of Capital, within the natural boundaries of Kashmir Highway, Motorways M1/M2, and New Islamabad International Airport (NIIA). Find further details about TopCity-1 at https://TopCity-1.com/about.html
TopCity-1 is the right place for investment not only for starting any workable project only but also for future investment purposes. PM Imran khan announced an Incentive Package for Construction Industry. It is worthwhile to view the investment opportunity at TopCity-1 in light of the GoP announced Relief Package. The administration of TopCity-1 appreciates GoP for the announced relief Package and considers it beneficial.
TopCity-1 – Relief Package for Construction Industry
Chartered Accountant Mr Muhammad Asad Ismail, the Tax Consultant of TopCity-1 discussed about the PM IK announced Relief Package and the ways it’s going to benefit the perspective builders and house constructor at TopCity-1. For details watch this video https://www.facebook.com/watch/?v=177569170170834 . The relevant features are discussed in the following:
- The investment made by any person through the scheme on purchase of land and constructing any structure (house, commercial building etcetera) will be exempted from provisions of Section 111 of the Income Tax Ordinance 2001, (Applies for tax on the person concealed income). The perspective individual will be exempted from declaring the source of Income.
- Withholding tax on construction will be lifted from all sectors, except steel and cement. This will result in reduction of cost.
- Construction sector has been given the status of Industry. This will help in arranging the finance through elements of money market.
- Introduction of Fixed tax in the construction sector and if the investor invests in construction projects under “Naya Pakistan” Housing Authority, 90% fixed tax will be removed and he will only pay 10% tax.
- The above measures will add to the confidence of investor and boost the economy.
TopCity-1 – Effect of Relief Package
The pace of construction has picked up in Top City-1. More investors are engaging with the society due to the enhancement of confidence of the customers and ease of procedures involved in construction. The incentive package is benefiting the construction industry so as Top City-1. This is the right time for investment in the society. It’s the time to bring in the undeclared money and invest in the society to help document our economy.
STAR Marketing Assessment
It is expected that above stated Relief Package for Construction Industry will benefit TopCity-1 in the right way and will benefit all the investors, builders and constructors in a big way. We are committed to provide sincere guidance to our valued customers. Do visit our Page for similar and more information related to Real Estate Industry https://www.starmarketingonline.com/.