28/10/2025
Section 7E. Tax on Deemed Income.
The following property doesn’t comes under the purview of 7E and they’re not subject to tax. They are from 7E irrespective of the holding period.
1. only one asset.
2. Self-owned business premises used for business, if the person is a at any time during the year.
3. Self-owned agricultural land used for agricultural activity (excluding and annexed land).
4. Capital assets allotted to:
- Shaheeds or their (Pakistan Armed Forces),
- War-wounded personnel of Forces,
- Certain and Government personnel, etc.
5. Property income already under the Ordinance, with tax duly paid.
6. Capital acquired during the tax on which tax under section has been paid.
7. Capital assets (other than exempted ones above) where the aggregate fair value does not exceed Rs. 25 .
8. Capital assets owned by or Local .
9. Capital held for land /construction by development authorities, builders, and developers (registered with DG DNFBP)
