And Assets of Imran Khan are...

[yazdi]

Re: And Assets of Imran Khan are…

@hanibal

My OP comments stand true, because if matter of declaring assets is to be done like the preacher of the same, then there is no use in declaring them… as i have already said in one of the post, that the whole methodology need to be changed for this, otherwise what is the purpose of the declaration of the assets if they are going to be under valued. That is why i said, should we declare it as IK have or should we declare in its true spirit.

You are right when you say that we have option from the law to avail the loop holes or facilities, but should that be applied by someone who is already saying that the declaration of assets should be the fundamental requirement, whereas the law already requires it and it is in practice…

Moreover, the example of Shokat Tareen is there, i have been told and i guess ( i am not sure on this) he have not only declared his assets and income return in true spirit but have paid tax on his income from agriculture… now if somebody like Mr. Tareens tells me to declare my assets or ask other politicians to declare their assets and income that make sense.. but if IK after declaring it using the loop holes and facilities (stating 500+ Kanals agriculture land worth Rs 50,000 only) then i don’t think that he stand his own words…

Because then, Zadari can say my assets are worth 1 million only, as the agriculture land i inherited or the cinema i got from my father was of that value at that time… or surrey palace was a gift or Palace in france was a donation (aka kick back, everyone have right to call any income donation)…

I really doubt the report without seeing the actual wealth statement that 530 kanals of land was declared at a valuation of 50,000 rupees. I deal with tax authorities.. and I know a little bit about this particular land which was bought in the name of his wife initially at an amount which I have some idea. I don’t think the valuation would be accepted by the tax authorities below the purchase price even after the hiba. This is practically impossible and I think the TV report is misguiding. It must be declared at a purchase price of Rs 50.000 per kanal.. and that was the actual purchase price when IK bought that land.. I know for sure.. Any way if there is no mis declaration.. and his income statement has been accepted by tax authorities it is perfectly legal.

There is a fundamental difference between Mr. Tareen and IK’s returns. Tareen has filed is wealth statement according to the requirements by an elected parliamentarian.. while we are looking at IK’s wealth returns submitted to tax authorities as he has not recently run for any office by contesting an election. We have to compare the tax returns of IK once he submits them to run for a public office.

Having said that I am not undermining Mr. Tareen’s clean reputation by declaring his assets in black and white.