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Deemed income tax on ownership of vacant plot incorrect–I - Opinion

The Finance Act, 2022 introduced a novel tax under Section (7E) of the Income Tax Ordinance, 2001. This is deemed. ....

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'The Federation, in light of Entry 50, cannot tax the capital value of immovable property at all'

ISLAMABAD: Advocate Raashid Anwer argued that the federation, in light of Entry 50, could not tax the capital value. ....

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Section 7E: Sindh High Court grants stay for TY2023 subject to 50% payment - Pakistan

The Sindh High Court (SHC) has issued a stayorder against Section 7E (tax on deemed income basis) of the Income Tax. ....

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'Tax on Deemed Income basis' on immovable properties: Exemption only for persons appearing on Active Taxpayers' List

ISLAMABAD: The exemption from payment of “Tax on Deemed Income basis” on immovable properties would only be. ....

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Only 50% of deemed income tax be paid at the moment: SC grants interim order - Pakistan

Top court directs FBR to expand tax base rather than enhancing taxes on compliant citizens ....

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