11-16-2011, 11:15 PM
Contribution to EOBI & General insurance is not exempt
Contribution / donation to PM relief fund would reduce the taxable income by the amount donated under clause 61(xxxviii) of Second Schedule of the INcome Tax Ordinance, 2001. I think Clause 64C, is also relevant though it does not mention the words "amount donated to" like 64A & 64B
Contribution / donation to PM relief fund would reduce the taxable income by the amount donated under clause 61(xxxviii) of Second Schedule of the INcome Tax Ordinance, 2001. I think Clause 64C, is also relevant though it does not mention the words "amount donated to" like 64A & 64B
