AOA, I paid Rs.20,000 as advance/token money for purchase of a Toyota Crown 1986 model registered in 2011 in Islamabad Yesterday (Sunday). Today i went to excise office to get it transferred in my name. I was shocked to hear that transfer fee was Rs.3000 plus advance tax Rs.400,000. The damn thing was of Rs.530,000. So, i told the seller i was no more interested in the deal. I just lost Rs.20,000 in a blink.
Rs.400,000 transfer tax on a 500,000 28 years old? Does it make any sense?