And Assets of Imran Khan are...

[kakaballi]

Re: And Assets of Imran Khan are…

@hanibal

In his interview with Naseem Zehra, IK admitted the land valuation saying it is inherited land… i think the interview telecasted on 4 or 5 November…

My argument is not about legal or illegal, my argument is about the true spirit and i would say again, the way IK have declared his assets almost all the 1000 parliamentarian have declared their assets… so what is the fuss??

He also said in the same programme that if anyone wants to audit his assets, he/she is most welcome and he can provide all details of all assets with banking trails.

Now, repeat with me: “It is NOT ALLOWED by PAKISTANI TAX LAW to declare your assets AT MARKET VALUE in the wealth statement”.

Showing your assets at lower cost (or zero cost) in wealth statement would actually hit you bad if capital gains tax is introduced and you sell your assets because the difference between sale price and cost (capital gain) would be much greater, unless u NEVER declare those assets (which our leaders do) and sell them with another name.