A Very Good News
U/S 7E - Tax on Deemed Income Finished
Lahore High Court Decision in Favor of Taxpayers|
Section 7E - Deemed Income
سیکشن 7E- ڈیمڈانکم
Section 7E- Tax on Deemed Rental Income finished
Lahore High Court made history by declaring 7E of Income Tax Ordinance 2001 as illegal and unconstitutional and ruling in favor of more than 1200 petitions including "Muhammad Usman Gul v. Federation of Pakistan". declared that the federal government has violated schedule 4 entry 50 of the constitution according to which after the eighteenth amendment only the provincial government has the power to impose tax on immovable property while the federal government has enacted the Finance Act 2022.