When an individual passes away, their tax obligations do not perish with them. Section 87 of the Income Tax Ordinance, 2001, ensures continuity of tax liability and clearly defines the responsibilities of the deceased person’s legal representatives. This provision is

Overview of Section 7F Section 7F of the Income Tax Ordinance, 2001 was introduced to levy a fixed tax regime on builders and developers in Pakistan. This section replaces the traditional method of calculating business income and introduces a simplified

In Pakistan, the income of a minor child is not always exempt from taxation. Under Section 91 of the Income Tax Ordinance, 2001, there are clear rules regarding when a minor child’s income becomes part of a parent’s taxable income.

In the realm of tax planning and compliance, the concept of income splitting often arises when dealing with family-owned assets. Section 90 of the Income Tax Ordinance, 2001 of Pakistan governs the rules related to the transfer of assets, particularly

[Citation: 2012 SLD 82 = 2012 PTD 1444 | ITA No.104/LB of 2011 | Judgment Date: 30-04-2012] Download Original Judgement Case Title Messrs Quality Home (Pvt.) Ltd., Lahorevs.Commissioner of Inland Revenue, RTO Lahore Tribunal Bench Judicial Member: Nazir Ahmad Accountant

Section 140 of the Income Tax Ordinance, 2001, empowers the Commissioner Inland Revenue to recover tax dues by serving notices to third parties (such as banks or employers) who may hold or owe money to the taxpayer. While the power