Shehbaz Sharif was right on the ball. He stated clearly how much he paid and how long they were paying it.. What About Musharraf ? Read the following About Musharraf and you will know what was this scam artist doing with the nation ...And these Figures are before he took over the power in pakistan. You can Imagine what he had done after becoming the president of Pakistan.
'Pakistani' General Pervez Musharraf's "real wealth, other than cash,
securities or overseas [bank] accounts, is more than Rs 40 million,
but he has declared it to be less than Rs 1 million."
by MARYAM HUSSAIN
ISLAMABAD, Pakistan (SAT): General Pervez Musharraf paid no wealth
tax for five years on his extensive lands and properties, although he
publicly announced in November 1999 that he had done so, a Pakistan
Government Income Tax Department document obtained by SA Tribune
reveals.
And finally when he did pay wealth tax in 1999-2000 on his assets
worth much more than Rs 30-40 million in the market (or over half a
million U.S. dollars), he coughed up only Rs 710 or $12.
The copy of the document has signatures of concerned officials which
have been erased by SA Tribune to protect them from reprisals.
http://www.satribune.com/archives/jun22_28_03/mush-TAX.jpg
Only recently when Musharraf sold his 2 squares of land in
Bahawalpur, he received millions. This amount should be reflected in
his wealth declarations now but conveniently in the last Budget,
wealth tax has been abolished.
The total Income Tax deducted at the source in five years from 1994-
1999 was Rs 115,524 (US$ 1,992) on a total declared income of Rs 1.24
million ($ 21,430).
The document shows General Pervez Musharraf declared an income of Rs
146,629 in 1994-1995, but the CBR [Central Board of Revenue] assessed
it as Rs 151,189 and taxed him Rs 16,261, which was deducted from his
salary as is a routine.
In 1995-1996, his declared and assessed income was the same Rs
197,358 and the assessed/paid tax was Rs 24,472.
Similarly, in the next two years (1996-1997 and 1997-1998) his
declared/assessed income remained unchanged at Rs 205,967 and Rs
213,417. He paid Rs 24,684 and Rs 31,927 as Income Tax in these two
years.
Suddenly in the next year when he became Chief of the Army Staff
something different happened to his tax assessment. He declared an
income of Rs 222,046, but it was assessed at Rs 226,846.
Surprisingly, the tax he paid was only Rs 18,180 or Rs 13,747 less
than the previous year.
The document shows that he declared an income of Rs 252,670 for the
next full year of his tenure as Army Chief but it was not assessed
till then.
This story of his Income Tax may be explained or justified in some
ways but the Wealth Tax story is the real one. It is here that
the "real picture" of General Pervez Musharraf emerges as an 'honest'
and 'upright' man.
Before his declarations of how much "wealth" he had are analyzed, the
official declaration of his assets, made shortly after he took over
in the October 1999 coup, has to be kept in view.
The official news agency Associated Press of Pakistan (APP) released
this report (attached below) on November 2, 1999:
According to the given [APP] list, except the parent's house in
Islamabad and daughter's house in Karachi, all other property belongs
to General Musharraf himself.
This includes 2000 square yard of land in Defense Society Karachi,
over 1200 sq. yards plot in Morgah Rawalpindi, 900 sq. yards plot in
Peshawar, 2 squares in Bahawalpur (sold now), 600 sq. yds in
Eastridge and 1200 sq yards in Gwadur. The document of his wealth tax
return shows the wealth (which includes the lands) declared by
General Musharraf for the year 1998-1999 (which ends June 30, 1999)
was valued at less than one million rupees, or Rs 947,000 to be exact.
Thus according to this document, Musharraf's Karachi, Rawalpindi,
Lahore, Peshawar, Bahawalpur and Gwadur lands all put together are
worth less than Rs 1 million or US Dollars 17,241 [One U.S. Dollar =
58 Pakistani Rupees (Rs)].
But according to any person with an ordinary knowledge and
intelligence, his Karachi plot is worth over Rs 20 million, his
Rawalpindi piece of land values at least Rs 5 million, his Peshawar
plot could easily fetch Rs 2-3 million. The market value of all other
lands put together is well over Rs 30 million. Probably much more as
these estimates are very conservative.
His house in Rawalpindi would be worth another at least Rs 10 million
if not more. Thus his real wealth, other than cash, securities or
overseas [bank] accounts, is more than Rs 40 million, but he has
declared it to be less than Rs 1 million.
On top of this huge under-declaration General Musharraf declared in
November 1999 that he had paid all his taxes, including Wealth Tax
till June 30, 1999.
The document reveals that for the year 1998-1999 (which ends June 30,
1999) no Wealth Tax was paid [by Musharraf] as according to his
declaration the wealth was "BTL" or Below Tax Limits.
Musharraf declared his wealth to be Rs 777,000 in 1994-1995 and 1995-
1996, Rs 597,000 in 1996-1997, Rs 975,000 in 1997-1998, Rs 947,000 in
1998-1999 and Rs 1,129,000 in 1999-2000. In that year he paid a
Wealth Tax of Rs 710 or US $ 12.24. The document shows the CBR had
not assessed the wealth by then.
The following story was run by APP on November 2, 1999:
Musharraf Declares All Property Owned By Family
RAWALPINDI, Pakistan, November 2, 1999 (APP): Chief Executive General
Pervez Musharraf has declared all property owned by his whole family.
According to an ISPR press release, following statement has been
issued by General Pervez Musharraf with regard to his family
property:
1. "I would like to declare all property owned by my whole family. My
family consists of my parents, wife, my son and daughter. Both my son
and daughter are married. The property owned by all of us is as
under:
a. Property for which installments are being paid:
(1) Under construction House in Army Housing Scheme Pt-II, Karachi.
(2) 2000 Sq. Yards in DHA, Karachi.
(3) 2xKanals in Morgah Housing Scheme, Rawalpindi.
(4) 1 and half Kanal in AWT (Army Welfare Trust) Housing Scheme,
Peshawar.
(5) 8xMarlas in LCCHS, Lahore.
(6) 2xSquare agriculture land at Bahawalpur.
b. Parents' house in F-7/3, Islamabad.
c. My daughter's house in DHA (Defence), Karachi.
d. 1xKanal plot in Eastridge Scheme (09).
e. 2xKanals in Sangar Housing Scheme, Gwadar.
2. I have paid all taxes (income, wealth and agriculture) till the
financial year ending 30th June, 1999."
[Copyright 2003 South Asia Tribune Publications, L.L.C.]
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