How do I justify the source of funds for a new property purchase?

Question

I am planning to buy a house and I need to understand what documents I should keep ready to prove to the FBR that the money used came from my legal savings and inheritance.

Answer 1

If the money came from your professional life, you need to prove it was already taxed or fell under the taxable limit.

Bank Statements: At least the last 12–24 months of statements showing the gradual accumulation of funds.

Salary Slips & Tax Returns: Copies of your filed Income Tax Returns (ITR) and Wealth Statements for the previous years. The "Wealth Statement" is crucial because it should ideally already show these savings.

Tax Certificates: Form 149 (for salaried individuals) or evidence of withholding tax paid on other income.