And Assets of Imran Khan are...

[hanibal]

Re: And Assets of Imran Khan are…

@kakaballi

The thing I know is that net-assets declared in the wealth statement along with the income tax return are valued at ‘cost’ not at ‘market value’. An asset received as gift is shown at zero cost. These assets are ‘declared’ just to reconcile additions in your assets with your income and expenditure (in income tax return) for the year and is not supposed to be your true financial worth.

anyways… daal main kala hai, but bhai ney Rs.1.8m tax bhi diya hai

Thats why i said in OP that, how should one need to declare their assets? means declaring for the sake of declaring them or in the true spirit, all the parliamentarians have to declare their assets and all of them have declared it in same way IK have did…

Now about the gift law, it is called Hiba, wonder who have gifted such expensive land to IK, as per Hiba ( again to my knowledge) a blood relative or wife or state can do it. Now if wife have done it, then i don’t need to say no more on this, if state have done it then again, state can do it for certain cause only..

as i have already stated in the OP, if the declaration of assets is for the sake of declaration only then all the parliamentarians are doing it and that is annually.. it have not stopped corruption??? or did it??? if one is asking to declare assets then he should first practice what he preaches.. otherwise the way IK have declared assets, all parliamentarians are doing it…