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Section 7E: Constitutional validity - Opinion - Business Recorder

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

Peshawar , North-west-frontier , Pakistan , Lahore-high-court , Punjab , Islamabad , Islamic-republic-of-pakistan , Aamer-farooq , Justice-shahid-jamil-khan , Syed-arshad-ali , Shahid-karim , V-muhammad-osman-gul

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...

Pakistan , India , Honourable-supreme-court , Elahi-cotton-mills , Indian-union-list , Supreme-court , Sindh-high-court , High-court , Elahi-cotton-mills-limited-under-entry , Order-of-the-high-court , Order-of-the-sindh-high-court

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

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

Peshawar , North-west-frontier , Pakistan , Islamabad , Lahore-high-court , Punjab , Harbhajan-singh-dhillon , Latif-hakeem , Justice-syed-arshad-ali , Indian-supreme-court , Peshawar-high-court , Sindh-high-court

PHC Strikes Down Taxes on Immoveable Property on Deemed Income Basis

PHC Strikes Down Taxes on Immoveable Property on Deemed Income Basis
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Lahore-high-court , Punjab , Pakistan , Peshawar , North-west-frontier , Harbhajan-singh-dhillon , Sindh-high-court , Indian-supreme-court , Peshawar-high-court , Income-tax-ordinance , Capital-value , Finance-act

Is Super Tax payable on dividend? - Opinion - Business Recorder

Introduction, 1- This note has been prepared to dispel the incorrect perception that Super Tax under Section (4C) of...

Pakistan , Abbottabad , North-west-frontier , Australia , Islamabad , Imrana-tiwana , Lee-burns , Elahi-cotton-mills , Fauji-fertilisers-company , Decision-of-the-islamabad-high-court , Islamabad-high-court , Supreme-court

USD to PKR forecast for 2024 — III - Opinion - Business Recorder

In the earlier article on this subject, this writer discussed the projections for PkR exchange rate for 2024. In the...

Pakistan , China , Lahore-high-court , Punjab , Dubai , Dubayy , United-arab-emirates , Lahore , Pakistanis , Pakistani , Chinese ,

Lotte Chemical extends plant shutdown as lower demand persists - Business & Finance

Citing lower demand, Lotte Chemical Pakistan Limited (LOTCHEM) announced it will extend the shutdown of its plant...

Pakistan , Pak-suzuki-motor-company , Elahi-cotton-mills , Agriauto-industries , Shahzad-textile-mills , Lotte-chemical-pakistan-limited , Indus-motor-company , Pakistan-stock-exchange , Agriauto-industries-limited , Shahzad-textile-mills-limited , Elahi-cotton-mills-limited

Lotte Chemical shuts plant operations temporarily on 'lower downstream demand' - Markets

Lotte Chemical Pakistan Limited (LOTCHEM), a manufacturer and seller of Pure Terephthalic Acid (PTA), announced to...

Pakistan , Indus-motor-company , Toyota , Agriauto-industries , Lotte-chemical-pakistan-limited , Elahi-cotton-mills , Pakistan-stock-exchange , Shahzad-textile-mills , Pure-terephthalic-acid , Agriauto-industries-limited , Shahzad-textile-mills-limited

Pakistan's yarn maker temporarily shuts operations amid demand woes - Markets

Elahi Cotton Mills Limited has announced that it will temporarily shut down production for ten days, citing low...

Pakistan , Pakistan-stock-exchange , Pakistan-textile-mills-association , Elahi-cotton-mills , Shahzad-textile-mills , Elahi-cotton-mills-limited , All-pakistan-textile-mills-association , Shahzad-textile-mills-limited , Demand , Pakistan-textile-sector , Economic-distress

Elahi Cotton Mills Limited shuts operations temporarily amid demand woes - Markets

Elahi Cotton Mills Limited has announced that it will temporarily shut down production for ten days, citing low...

Pakistan , Elahi-cotton-mills , Shahzad-textile-mills , Pakistan-stock-exchange , Pakistan-textile-mills-association , Elahi-cotton-mills-limited , All-pakistan-textile-mills-association , Shahzad-textile-mills-limited , Demand , Pakistan-textile-sector , Economic-distress