Income From Business Chapter- 09
(xxvii) Begum Akhtar Rukhsana Memorial Trust Hospital.(xxviii) (^) Al-Khidmat Foundation.
(xxix) -
(xxx) Sardar Trust Eye Hospital, Lahore.
(xxxi) Akhuwat.
(xxxii) Audit Oversight Board..
(xxxiii) -
(xxxiv) Al-Shifa Trust Eye Hospital.
(xxxv) (^) -
(xxxvi) SARMAYA-E-PAKISTAN LIMITED.
(xxxvii) (^) Lahore University of Management Sciences, Lahore.
(xxxviii) -
(xxxix)
Ghulam Ishaq Khan Institute of Engineering Sciences and
Technology
(xl)
Society for the Promotion of Engineering Sciences and
Technology in Pakistan (SOPREST).
(xli) Businessmen Hospital Trust.
(xlii) Bait us Salam Welfare Trust.
(xliii) (^) Burhani Qarzan Hasnan Trust
(xliv) (^) Saifee Hospital Karachi
(xlv) (^) Saifiyah Girls Taalim Trust
(xliii) (^) Alamgir Welfare Trust Interactional
(xliii) Foundation University
(xxxi) Akhuwat.
(xxxii) -
Provided that with effect from the 1st day of July, 2021, exemption under this sub-clause shall be
subject to fulfilling the conditions specified in section 100C.
16.2 Income of Text Book Boards [U/C 91]
This clause has been omitted by Finance Act, 2021.
16.3 Income of Sports Board (except Pakistan Cricket Board) [U/C 98]
This clause has been omitted by Finance Act, 2021.
16.4 Income of Collective Investment [U/C 99]
Any income derived by a Collective Investment Scheme or a REIT Scheme including Special
Purpose Vehicle, if not less than ninety per cent of its accounting income of that year, as reduced by
accumulated losses and capital gains whether realized or unrealized, is distributed amongst the unit or
certificate holders or shareholders as the case may be:
Provided that for the purpose of determining distribution of at least 90% of accounting income, the
income distributed through bonus shares, units or certificates as the case may be, shall not be taken
into account.
Explanation.— For the purpose of this clause the expression ―accounting income means income
calculated under the generally accepted Accounting Principles and verified by the auditors and Special
Purpose Vehicle shall have the same meaning as defined under the Real Estate Investment Trust
Regulations, 2015.
16.5 Income of real estate investment Trust [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.