Immovable property Updated 14 Sep, 2026 06:04am EDITORIAL: According to a report carried by this newspaper recently, withholding tax collection by FBR from...
FCC issues its detailed judgment on Sec 7E of income tax law Published 17 Jun, 2026 05:36am ISLAMABAD: The Federal Constitutional Court (FCC) held that Section 7E of the Income Tax Ordinance (ITO), 2001, is,...
Finance Bill clarifies tax treatment of inherited property Published 13 Jun, 2026 06:17am ISLAMABAD: The Federal Government has introduced a significant relief measure in Finance Bill, 2026 addressing...
FBR approached to refund 7E, Super Tax collections Published 18 May, 2026 05:40am ISLAMABAD: The Federal Board of Revenue (FBR) has been approached to refund taxes collected under section 7E (deemed...
Super tax is additional tax on income: FCC Updated 02 May, 2026 09:20am ISLAMABAD: In a significant ruling with far-reaching implications for Pakistan’s tax regime, the Federal...
Governor promulgates protection of ownership of immovable property (Amendment) Ord Published 18 Feb, 2026 07:59am LAHORE: Governor Punjab Sardar Saleem Haider Khan, in exercise of the powers vested in him under clause (1) of...
Punjab govt move hailed for exempting immovable property from ST Published 28 Oct, 2025 05:39am LAHORE: S M Nabeel, Chairman ABAD Punjab, has hailed the Punjab government's decision to exempt immovable property...
Sales tax payers: FBR to hold public hearings before action Updated 05 Aug, 2025 09:21am ISLAMABAD: The Federal Board of Revenue (FBR) will conduct public hearings against sales taxpayers before taking...
LHC rules in favour of daughter’s share in estate of deceased father Published 27 Jul, 2025 03:02am LAHORE: The Lahore High Court (LHC) has held that it is a settled principle that when fraud is alleged, limitation...
Taxmen get more powers to target unregistered taxpayers Published 11 Jun, 2025 06:04am ISLAMABAD: The government, through the Finance Bill 2025-26, has proposed to grant extensive discretionary powers to...
Special attorney not liable for acts performed on behalf of principal: LHC Updated 07 Jun, 2025 07:22am LAHORE: The court held that a special attorney functions as an agent and he is not personally liable for acts...
Immovable property: Govt urged to rationalise ‘prohibitive’ federal taxes Published 03 Feb, 2025 06:41am LAHORE: Former regional chief of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Dr Muhammad Arshad...
FBR imposes new condition on overseas Pakistanis Updated 02 Dec, 2024 02:18pm ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a new condition on overseas Pakistanis to obtain approval...
Immovable property: DHA challenges imposition of FED Updated 30 Sep, 2024 09:28am ISLAMABAD: Islamabad High Court (IHC) has issued notices to the Federal Board of Revenue (FBR) and Attorney General...
Disposal of immovable property: 15pc flat rate on gain proposed Updated 24 Jun, 2024 08:41am ISLAMABAD: Finance Bill 2024 has proposed a flat rate of 15 percent on gain from disposal of immovable property...
FBR penalises IR officer for causing revenue loss Published 08 Jun, 2024 07:00am ISLAMABAD: The Federal Board of Revenue (FBR) has penalized an Inland Revenue officer, who caused revenue loss by...
Immovable property between spouses: Commissioner IR fails to charge capital gains tax Published 04 Jun, 2024 06:28am LAHORE: The Commissioner Inland Revenue, RTO-lI Lahore, has failed to establish chargeability of capital gain on...
SECP proposes FBR to align rates of capital gain tax on sale of immovable property Updated 31 May, 2024 08:58am ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed Federal Board of Revenue (FBR) to...
Tax proposals: PBC calls for ‘out of box solutions’ Updated 20 May, 2024 08:06pm The Pakistan Business Council (PBC), one of the country’s largest corporate sector advocacy platforms, has urged...
‘The Federation, in light of Entry 50, cannot tax the capital value of immovable property at all’ Updated 28 Mar, 2024 09:38am ISLAMABAD: Advocate Raashid Anwer argued that the federation, in light of Entry 50, could not tax the capital value...
Listed securities: PSX for bringing CGT rates in line with CGT rates on sale of immovable property Published 16 Mar, 2024 06:26am KARACHI: Pakistan Stock Exchange (PSX) has proposed that Capital Gain Tax (CGT) rates on listed securities be ...
PHC strikes down legislation to tax immovable property Published 14 Feb, 2024 11:37pm The Peshawar High Court (PHC) on Wednesday struck down an “impugned” legislation that imposed taxes on immovable...
Theft of FBR tax revenue Published 23 Dec, 2023 06:16am EDITORIAL: Is it really a surprise that FBR’s “first-ever electronic tax audit of immovable property” has...
Rural & urban properties: Introduction of uniform stamp duty in Punjab likely Published 18 Jul, 2023 05:51am LAHORE: The Punjab government is planning to introduce uniform stamp duty and mutation fee rates for rural and urban...
Time is not essence of contracts relating to immovable property: LHC Updated 07 May, 2023 09:48am LAHORE: The Lahore High Court held in its recent judgment that it is a well-settled principle of law that time is ...
Immovable property: Treating market value as income is beyond competence of FL: LHC Updated 08 Apr, 2023 01:48pm ISLAMABAD: The Lahore High Court (LHC) ordered to treat the market value of immovable property as income under Entry...
Real estate owned by overseas Pakistanis: UAE authorities do not share info Updated 09 Feb, 2023 08:48am ISLAMABAD: The tax authorities of the United Arab Emirates (UAE) have shared only twice financial information...
Taxation of immovable property Updated 27 Jan, 2023 11:36pm The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the...
DGIP will now report to FBR member Published 29 Jul, 2022 06:14am ISLAMABAD: The Federal Board of Revenue (FBR) has directed the Directorate General of Immovable Property to now...
Immovable property: FBR directed to link valuation with financial year Updated 19 Feb, 2022 11:32am ISLAMABAD: The Senate Standing Committee on Finance, Friday, directed the Federal Board of Revenue (FBR) that...