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    Muhammad Nabeel Zahid is an Advocate of the High Courts of Pakistan and Senior Associate at Huzaima & Ikram (Advocates and Corporate Consultants), Lahore. He holds an LLB (Hons) from the University of London. His legal practice primarily focuses on corporate, taxation and commercial law, with particular interests in fiscal legislation, regulatory compliance and commercial litigation.
    Commentary. Guest Columnists. November 5, 2026

    Capital Gain or Business Income? Section 37(1A) and Pakistan’s Property-Tax Classification Problem and Recent Clarifications by Higher Judicial Fora

    By Muhammad Nabeel Zahid

    The tax character of a property transaction can matter as much as the amount of the gain itself. For years, the Revenue authority has sometimes treated […]

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