Lahore High Court Declares Super Tax Inapplicable on Zero-Taxed Inherited Property Gains
In a major development for taxpayers and the real estate sector, the Lahore High Court (LHC) has ruled that super tax under Section 4C of the Income Tax Ordinance, 2001, cannot be charged on capital gains arising from inherited property when the applicable capital gains tax rate is already set at zero per cent. The […]
Court Confirms Super Tax Stands on Its Own in Pakistan’s Tax System
In a ruling that could have lasting implications for corporate taxpayers, the Islamabad High Court has made it clear that the super tax is not just an extension of existing taxes, but a completely separate obligation. The case arose after CM Pak Ltd challenged tax demands issued for the 2023 tax year. The company’s main […]