ISLAMABAD: Minister of State, Ashfaq Tola has clarified that the brief note on section 7E (tax on deemed income basis) of the Income Tax Ordinance, 2001 has been issued by the Tola Associates and “Tola & Tola” firm.

Ashfaq Tola on Monday further clarified that the report has nothing to do with him, as these are the exclusive comments of his firm. Therefore, the brief note on Section 7E has been wrongly attributed to him, Ashfaq Tola added.

Copyright Business Recorder, 2023