The Sharif family and the gifts they keep on giving!!!

[desan]

The following information is based on documents submitted to the Supreme Court by Prime Minister Nawaz Sharif's legal counsel for the Panamagate hearing. The assertions made in these extracts are solely the view of the respondents. Dawn.com does not endorse or confirm the claims made in the case file.


The petition filed by the PM's legal counsel shows how the Sharif family gifted each other large sums of money and land. Here are some highlights.
PM Nawaz Sharif's wealth statement for 2012.

Nawaz Sharif in an income tax return filed in 2012 declared that he received more than 684 kanals of land from his mother as a gift.

In another income tax return filed in 2011, the PM declares ownership of a Toyota Land Cruiser and a Mercedes Benz ─ among others, both gifted to him. It is unclear, however, who the gifts are from.

In a Wealth Reconciliation Statement filed by the PM in 2011, Nawaz states that he has received Rs129,836,905 from his son. It is not specified which son gave him the gift.
Wealth Reconciliation Statement showing gifts to and from the PM's children.

Additionally, the statement shows the PM gave his daughter Maryam Nawaz and his son Hussain Nawaz gifts of Rs31,700,000 and Rs19,459,440 respectively.

Although Kulsoom Nawaz, the premier's wife, did not give her family members gifts of money, she donated a sum of Rs1,000,000 to the family's trust, Sharif Trust, according to a Wealth Reconciliation Statement as on June 30, 2011.

http://www.dawn.com/news/1299186/pml-n-papers-the-sharif-family-and-the-gifts-they-keep-on-giving

 

[desan]

 

[desan]

 

[Will_Bite]

Well, if Ishaq Dar can give a 410 million rupee qarze hasna to his son, why cant Sharifs sons give gifts to their fathers?

Its called tax evasion by deception. Showing inheritance, remittance, and profit earnings as gifts removes tax liability from both the giver and taker. Win win situation for thieves.

 

[dingdong]

Yeh Nooray butt family aapas mai hi aik doosray ko laitay daitay rehtay hain kia yeh incest Family hai??? harr gift aapas mai hi

 

[arafay]

I think gifts exceeding a specific amount in any financial year should be taxed.

 

[AAA101]

Judge shaib bas gift pay gift, gift pay gift pay gift pay gift pay gift hi mayri zindagr ka maksad hia...

 

[Citizen X]

With their own admission they went flat broke three times "phooti kodi bi nahi thi" and with in years of that they managed to set up multi billion businesses, if they are such geniuses how come they haven't been able to do fcuk all to improve Pakistan's situation by one inch even after being in power three times and almost not stop govt in Punjab for 30 years? How come their savvy skills only help them line up their own pockets and not the country's ?