Re: And Assets of Imran Khan are…
One is for taxation purposes.. the other one is for public information about the person who presents himself for a public office.
BTW if it was allowed to declare your wealth statement on market valuation without any capital gain tax/wealth tax as per current tax regime in Pakistan.. believe me 100% of the tax payers would make their wealth statements on market value. FBR does not allow that because they anticipate the return of capital gain tax sometime in future which would generate huge amount of tax for them if the gain is calculated from the original purchase/cost price. This will eventually be challenged in the court of law as they can not tax people with retrospective effect, and the calculation will eventually be made from the day this tax will be applied. But presently some bureaucrat in FBR thinks he has done great service to the nation by keeping this format..!!!
These are very technical issues and not easy to understand the logic behind all this..!!!