SC Questions Super Tax on Provident Funds

SC questions super tax on provident funds

The Supreme Court on Monday heard petitions challenging the imposition of a super tax on provident funds, with a five-member constitutional bench led by  Justice Aminuddin Khan questioning whether such a levy is justified when income tax itself is exempt. During the hearing, Justice Muhammad Ali Mazhar cited Section 53 of the Income Tax Ordinance, which provides exemptions, and asked if a trust fund could be treated as private property. Justice …

SC seeks clarity on government’s authority to levy super tax

The Supreme Court of Pakistan on Monday questioned the government’s authority to impose a super tax on provident funds. A five-member constitutional bench, headed by Justice Aminuddin Khan, heard petitions challenging the levy. During the proceedings, Justice Muhammad Ali Mazhar referred to Section 53 of the Income Tax Ordinance, which provides exemptions. He asked whether trust funds could be considered private property. Justice Hasan Azhar Riz…