Guide to Understanding FBR’s New Tax Rules
The Federal Board of Revenue (FBR) has announced new rules for filing deemed income for immovable properties in Pakistan, in accordance with Section 7E of the Income Tax Ordinance 2001. According to the new rules, taxpayers must determine the fair market value of their immovable properties to file their deemed income. This is in line with the government’s efforts to ensure transparency and fairness in taxation.
