Comprehensive Guide to Section 7E Deemed Income Tax: Implications and Analysis
Introduction: The implementation of Section 7E is finally taking place. Section 7E focuses on deemed income tax on immovable properties in Pakistan and represents a transformative shift in the country’s tax structure. This section, introduced through the Finance Act 2022, aims to levy tax on the deemed income from capital assets held by taxpayers, fundamentally altering the dynamics of property investment and ownership in