The federal government has introduced a levy on taxable profits for individuals and businesses involved in the construction and sale of residential and commercial buildings.
According to the amended Finance Bill, this tax will also apply to the development and sale of plots.
A taxable profit rate of 10% will be imposed on gross receipts from the construction and sale of buildings, 15% on the development and sale of plots, and 12% on mixed business activities.
The tax applies only to income from these specific activities, not to other sources or heads of income.
World US President Donald Trump expressed optimism about reaching a deal with Iran despite Supreme…
Trevor Noah opened the 2026 Grammy Awards with sharp jabs at Donald Trump and Nicki…
Secretaries of all 72 union councils in Attock district are facing severe difficulties due to…
Pakistan and several other Muslim-Arab nations have warned that Israel's repeated violations of the ceasefire…
Jenna Ortega is mourning the loss of her late "Beetlejuice" co-star, Catherine O'Hara. The actress…
Pakistan Tehreek-e-Insaf (PTI) and Jamiat Ulema-e-Islam-Fazl (JUI-F) have announced separate protest activities in Peshawar on…
This website uses cookies.
