property income

Tax Rates Rental Income 2022-23

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tax on capital assets

Rental income from property i.e land or building is taxable as per the provisions described in sections 15 and 16 at the tax rates for rental income 2022-23 given in the First Schedule of the Income Tax Ordinance 2001.   The taxable rental income is calculated after making certain deductions as allowed in the ordinance. … Read more

TAX ON PROPERTY INCOME IN PAKISTAN TAX YEAR 2022

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tax on deemed income

Income derived as rent from letting out of property i.e. land or building for use or occupation in a tax year is taxable under the head of income “Income from Property”. Tax on property income is described in sections 15 and 16 of the Income Tax Ordinance 2001. Rented property may be land or a … Read more