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could you pls share relevant law underwhich it is expempted. Thanks

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in Income Tax – Individuals & AOPs by (60 points)
Thanks for your response, could you pls share relevant law under which Gain tax is expempted on inherited property or if inherited property was purchased / or transfered in his name (in the name of deceased from whom we inherited this property) for more than 8 - 10 years?  Thanks.
related to an answer for: Could you pls share section / SRO under which it is exempted. Thanks in advance.

1 Answer

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by (11.0k points)
We're sorry to inform you that this portal is for general guidance only. Its not for teaching taxation in Pakistan. If you need to deep dive into taxation, you should approach your tax consultant or some institution where you will be able to get the references.
by (60 points)
Noted with thanks.

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