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Section 7E

Coverage of Section 7E in the Nexus archive.

Earliest in view: Jun 17 · 03:11 UTCMost recent: Jun 17 · 03:11 UTC
Co-mentioned in this coverage
Federal Constitutional Courtorganization1Income Tax Ordinance 2001topic1Aminuddin Khanperson1Finance Act 2022topic1Sindh High Courtorganization1Lahore High Courtorganization1Federal Board of Revenueorganization1
Recent coverage
  • BUSINESSJun 17 · 03:11 UTCDAWN
    FCC rules income tax on immovable properties ‘confiscatory in nature’

    The Federal Constitutional Court (FCC) ruled that Section 7E of the Income Tax Ordinance 2001, which imposes taxes on non-income-generating immovable properties, is 'confiscatory in nature' and violates constitutional principles. The court criticized the provision for enabling discriminatory taxation and causing undue financial burdens on taxpayers, particularly as it overlaps with provincial fiscal authority and risks double taxation.

Section 7E · Dossier · The Nexus