Income From Business Chapter- 09
- EXEMPTIONS FROM TOTAL INCOME [PART I OF SECOND SCHEDULE TO THE INCOME TAX
ORDINANCE, 2001]
CLAUSE PARTICULARS OF EXEMPTION^
66 Income of certain charitable and other institutions
91 Income of Text Book Board
This clause has been omitted by Finance Act, 2021.
98 Income of Sports Boards (except Pakistan Cricket Board)
This clause has been omitted by Finance Act, 2021.
99 Income of Collective Investment or a REIT Scheme
99A Sale of immoveable property to Real Estate Investment Trusts
101 Profits of a Joint Venture Capital co. and Fund
This clause has been omitted by Finance Act, 2021.
107 Income of Subsidiary of Islamic Development Bank
107A Income derived by the Islamic development bank
117 Income from transport business in Azad Kashmir
This clause has been omitted by Finance Act, 2021.
126 Public Sector Universities
126A Income re: Gawadar services etc.
126AA Profit and gains derived by Gawadar Free Zone
126AB Profit on debt to lenders of China Overseas Ports Holding Company Limited
126AC Income of certain contractors and sub contractors
126AD Dividend income of certain persons
1 26B Profit and gains derived by refinery
126BA Profit and gains of a Refinery
This clause has been omitted by Finance Act, 2021.
126C Profits and gains derived by a taxpayer from an industrial undertaking set up in Larkana
industrial estate
This clause has been omitted by Finance Act, 2021.
126D Profits and gains derived by a taxpayer from an industrial undertaking set up in Gawadar
industrial estate
126E Profits and gains derived by corporate Zone Developers
126EA Profits and gains derived by Zone Developers
126H Profits and gains derived by fruit processing, Malakand, Gilgit Baltistan and FATA
This clause has been omitted by Finance Act, 2021.
126I to
126OProfits and gains derived from industrial undertakings
Clauses (126I), (126J), (126K), (126L), (126N) & (126O) has been omitted by Finance Act,
2021.
131 Foreign income in respect of royalty, commission or fee etc.
This clause has been omitted by Finance Act, 2021.
132 Income of Private sector Power projects
132A Profits and gains derived by Bosicor oil Pakistan Limited
This clause has been omitted by Finance Act, 2021.