SC Grants Interim Relief For Deemed Income Tax on Real Estate Properties
SC Grants Interim Relief For Deemed Income Tax on Real Estate Properties
On Wednesday March 22, 2023, Pakistan’s Supreme Court granted temporary relief against a 20 percent property income tax, which would partially reduce revenue collection, as tax officials have nine months to meet the revenue target. A week before the target was to achieve by the FBR. However, Supreme Court of Pakistan puts restrictions on the Income Tax on Real Estate Properties to give time.
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