Tax Book 2023

Income From Other Sources Chapter- 13

The value of items donated in kind to non profit organizations for tax credit under section 61 summary

is as under:

SR. HEADINGS EXPLANATION

1. IMPORTED ITEMS Value assessed for custom duty + all duties & charges paid by
   the donor


2. ITEMS MANUFACTURED IN
   PAKISTAN

Purchase price + Duties & charges paid by the donor

3. USED DEPRECIABLE ITEMS Tax WDV i.e. Cost – tax depreciation


4. MOTOR CARS & JEEPS As given above U/R 228(2) & (3).


5. OTHER ITEMS FMV as determined by the Commissioner Inland Revenue