Hi dear members, i have a question, i am a filer and i recently purchased a plot file where i'm supposed to pay installments and wait for the possession.
Is is necessary to declare it as an asset to fbr? Or can i just declare when i actually own the possession of it in the future? Or maybe it needs to be declared as an investment.
Any insight on this from valued members with taxation knowledge would be highly appreciated.
Thanks so much,
Ch. Usman aryan