Exemptions other than Covered in Respective Chapters Chapter- 20
- Audit Oversight Board
- Patient’s Aid Foundation.
- The Prime Minister’s COVID-19 Pandemic Relief Fund-2020.
- Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIKI).
- Lahore University of Management Sciences.
- Dawat-e-Hadiya, Karachi.
- Baitussalam Welfare Trust.
- Patients’ Aid Foundation.
- Alkhidmat Foundation.
- Alamgir Welfare Trust Interactional.
Provided that the amount so donated shall not exceed
(a) in the case of an individual or AOP’s, 30% of the taxable income of the person for the year; and
(b) in the case of a company, 20% of the taxable income of the person for the year;
Provided further that the amount so donated by an associate shall not exceed—
(a) in the case of an individual or AOP’s, 15% of the taxable income of the person for the year;
and
(b) in the case of a company, 10% of the taxable income of the person for the year:
Provided also that the provisions of this clause shall apply only if donation is paid by a crossed
cheque drawn on a bank. - Donations to victims of Terrorism [U/C 64A]
- This clause omitted by Finance Act, 2021.
Any amount donated to the Prime Minister‘s Special Fund for victims of terrorism.- Punjab Relief Fund for internally Displaced Persons (IDPs) of NWFP [U/C 64B]
- This clause omitted by Finance Act, 2021.
Any amount donated to the Chief Minister‘s Punjab Relief Fund for Internally Displaced Persons
(IDPs) of NWFP.- Flood Relief Fund for victims of flood 2010 [U/C 64C]
This clause omitted by Finance Act, 2021.
Prime Minister‘s Flood Relief Fund 2010 and Provincial Chief Ministers‘ Relief Funds, for victims of
flood 2010.- Donations to research on Islamic history, art and culture, Istanbul [U/C 65]
This clause omitted by Finance Act, 2021.
Any income derived from donations made by non-official or private sector sources in Pakistan to the
Waqf for Research on Islamic History, Art and Culture, Istanbul set up by the Research Centre for
Islamic History, Art and Culture (IRCICA).15A. Profit and gains on sale of immoveable property [U/C 99A]
Profits and gains accruing to a person on the sale of immoveable property or shares of Special
Purpose Vehicle to any type of REIT scheme upto the 30th day of June, 2023.
Explanation. — For the purpose of this clause, Special Purpose Vehicle shall have the same meaning
as defined under the Real Estate Investment Trust Regulations, 2015.- Govt. Subsidy [U/C 102A]