Income Tax Application on Deemed Income of Idle Properties is under Threat
The Federal Board of Revenue (FBR), on Monday, failed to explain the legality of “tax on deemed income” imposed on immovable properties through the Finance Act 2022 before the Lahore High Court (LHC). During the hearing of the case on Monday, LHC expressed serious concern over the incompetence of the FBR officials while explaining Section …
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