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MST. ZARINA VOUSAF versus INSPECTING ADDITIONAL COMMISSIONER OF INCOME-TAX/WEALTH TAX, SIALKOT RANGE, SIALKOT AND ANOTHER

Second Schedule, CL7 (i) and (ii) [as amended by the Finance Act (IX of 1996)] with respect to property translation of CL7 of the Second Schedule to the Wealth Tax Act, 1963 Exemption is claimed by foreign remittances through a review of the claim of purchase which relates to the property privileges granted by this law and not for the purpose of assessing any asset. The exemption is only exempt from the condition that it arises from remittances received in Pakistan through CL 7 (i), the general banking channel CL-7 (i) of the Second Schedule to the Wealthy Tax Act, 1963 Does not speak to the recipient of the remittance. Once the exemption is obtained, the asset will remain intact even if it changes hands or property through sale for death, gift or even legal term principles. immigration advocates email from Hala lawyer