Topic

Section 7E

FPCCI seeks abolishment of Section 7E of ITO 2001

Published 08 Jun, 2024 07:00am

KARACHI: Atif Ikram Sheikh, President FPCCI, has echoed the collective demand of the business community that the...

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...

Section 7E: Constitutional validity

Published 19 Apr, 2024 05:07am

Taxing immoveable property and taxing income arising from immoveable property are two different concepts. The former...

Deemed income tax on ownership of vacant plot of land incorrect—IV

Published 16 Apr, 2024 03:38am

For the sake of clarity we reproduce the gist of the Order passed by the Sindh High Court as under. This fundamental...

‘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...

Islamabad High Court declares Section 7E to be ultra vires the Constitution

Published 01 Mar, 2024 09:21pm

The Islamabad High Court (IHC) has declared the Section 7E introduced through the Finance Act, 2022, to be ultra...

Cases related to Section 7E: Hearing on day-to-day basis from March 26th onwards: SC

Updated 20 Feb, 2024 09:41am

ISLAMABAD: The Supreme Court has decided that from March 26th, it would hear cases related to Section 7E introduced...

Immoveable property: PHC strikes down Sec 7E of Income Tax Ordinance

Updated 15 Feb, 2024 06:04am

ISLAMABAD: The Peshawar High Court (PHC) has declared that Section 7E of the Income Tax Ordinance, 2001, which...

Tax on ‘deemed income’: interim relief till February 19

Published 23 Jan, 2024 05:05pm

The Supreme Court of Pakistan (SC) has granted interim relief to petitioners seeking exemption on Section 7E (tax on...

Recovery under Section 7E: No coercive steps against taxpayers subject to 50pc payment: SHC

Published 31 Oct, 2023 05:26am

ISLAMABAD: The Sindh High Court (SHC) has issued a restraining order for not taking any coercive measure against...

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

Updated 30 Oct, 2023 10:29pm

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

IRIS system’s capacity enhanced: Up to 0.6m taxpayers to file tax returns on a daily basis

Updated 28 Sep, 2023 10:20am

ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced the capacity of the IRIS system enabling 0.5-0.6 million...

FBR urged to extend income tax return deadline

Updated 25 Sep, 2023 09:15am

ISLAMABAD: Tax bar associations, chartered accountant firms, tax advisers and tax experts have approached the...

Immovable properties: FBR issues guidelines for taxpayers

Updated 16 Sep, 2023 03:59pm

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday issued detailed guidelines for taxpayers to pay tax on...

PTBA asks FBR to take notice of sudden change in IRIS module

Updated 04 Sep, 2023 09:37am

LAHORE: Pakistan Tax Bar Association (PTBA) leadership has urged Chairman Federal Board of Revenue (FBR) to look...

FBR launches automated system (portal) for taxpayers

Updated 02 Sep, 2023 09:16am

ISLAMABAD: The Federal Board of Revenue (FBR), Friday, launched an automated system (portal) for taxpayers to obtain...

Filers/non-filers: Sec 7E won’t apply to cases falling within LHC jurisdiction

Updated 16 Aug, 2023 08:48am

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented the judgment of the Lahore High Court (LHC) on Section...

Section 7E of Income Tax Ord: IR Commissioners told to issue exemptions in 1-2 days: FBR chief

Updated 10 Aug, 2023 06:56am

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana Wednesday said the FBR has directed...

NA panel told: Property transfers, registration halted due to Section 7E ITO

Updated 03 Aug, 2023 09:14am

ISLAMABAD: The registration and transfers of immovable properties across Pakistan has been totally stopped after...

Tola clarifies brief note on ‘Section 7E’

Published 25 Jul, 2023 06:20am

ISLAMABAD: Minister of State, Ashfaq Tola has clarified that the brief note on section 7E (tax on deemed income...

Tax under Section 7E on immoveable properties: Inland revenue chief commissioners issued instructions

Published 25 Jul, 2023 06:20am

ISLAMABAD: The Federal Board of Revenue (FBR) Monday issued draft of proposed amendments in the Inland Revenue...

Notice issued to Shabbar withdrawn on FTO’s order

Updated 30 Dec, 2022 08:42am

ISLAMABAD: The timely intervention of the Federal Tax Ombudsman (FTO) has resulted in the withdrawal of an illegal...

Sec 7E of IT Ord: BHC issues notices to FBR

Updated 21 Dec, 2022 09:59am

ISLAMABAD: Balochistan High Court (BHC), Tuesday, issued notices to the Federal Board of Revenue (FBR) regarding the...

Legal fiction, Section 7E & Constitution

Published 02 Dec, 2022 05:47am

The Elahi Cotton case (it is the most misunderstood and misapplied judgement) makes absolutely clear that any item ...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.42 ▲ 0.99 (13.32%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Universal Ins. / Jun 4 The Universal Insurance Company Limited(UVIC)	25.59 ▲ 2.33 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)
Zuma Resources / Jun 4 Zuma Resources Limited(ZUMA)	72.62 ▲ 6.6 (10%)
Allawasaya Tex / Jun 4 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,707.26 ▲ 155.21 (10%)
Nets Internat.Comm. / Jun 4 Nets International Communication Limited(GEMNETS)	27.95 ▲ 2.54 (10%)
Askari Life Assur. / Jun 4 Askari Life Assurance Company Limited(ALAC)	21.16 ▲ 1.92 (9.98%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	32.65 ▲ 2.87 (9.64%)

Stock	Price
Khairpur Sug. / Jun 4 Khairpur Sugar Mills Limited(KPUS)	1,948.15 ▼ -216.46 (-10%)
Popular Islamic / Jun 4 Popular Islamic Modaraba(PIM)	21.61 ▼ -1.96 (-8.32%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	77 ▼ -5.48 (-6.64%)
Ahmad Hassan / Jun 4 Ahmad Hassan Textile Mills Limited(AHTM)	80 ▼ -5.11 (-6%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.40 ▼ -2.48 (-4.97%)
Diamond Ind. / Jun 4 Diamond Industries Limited(DIIL)	68.51 ▼ -2.97 (-4.16%)
Data Agro / Jun 4 Data Agro Limited(DAAG)	78.65 ▼ -3.09 (-3.78%)
Paramount Spinning / Jun 4 Paramount Spinning Mills Limited(PASM)	6.46 ▼ -0.25 (-3.73%)
Hala Enterprise / Jun 4 Hala Enterprises Limited(HAEL)	22.63 ▼ -0.76 (-3.25%)
Shahmurad Sugar / Jun 4 Shahmurad Sugar Mills Limited(SHSML)	361.05 ▼ -11.69 (-3.14%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	38,383,556 ▲ 0.27
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	11,614,179 ▲ 0.39
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	10,395,378 ▲ 2.1
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	8,654,299 ▲ 0.53
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	7,319,296 ▲ 0.12
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	7,069,796 ▲ 0.37
Telecard Limited / Jun 4 Telecard Limited(TELE)	7,027,859 ▲ 0.42
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	6,662,599 ▲ 1.03
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	5,357,257 ▲ 0.43
Interloop Ltd. / Jun 4 Interloop Limited(ILP)	4,065,668 ▲ 1.67

Section 7E

Most Popular