
19Aug
Updated tax provisions for property rental income in budget 2021-22 (Finance Act 2021)
Updated tax provisions for property rental income in budget 2021-22 (Finance Act 2021) History of changes in Income Tax Ordinance, 2001 Finance Act, 2013 shifted the property income (Property rental income) from fixed tax regime to normal tax regime for Individuals, AOPs and Companies. Finance Act, 2016 shifted it from normal tax regime to fixed