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Eligible persons in the list of persons entitled for tax credit section 100c

Posted on by Muhammad Waheed Ensari

Eligible persons in the list of persons entitled for tax credit section 100c

Eligible persons in the list of persons entitled for tax credit section 100c: Certain class of persons mentioned in clause 66 part I second schedule were reclassified into section 100C vide Tax Law Second Amendment Ordinance, 2021 dated 24.03.2021 and same are made part of finance bill 2021.

Accordingly, now these persons listed in Section 100C are excluded from exemption list and they will be allowed 100% Tax credit in compliance to section 100C of the Ordinance. List of such persons added therein are as under:

  • Persons specified in Table -II of clause 66 of part I of the ordinance namely:
  • Abdul Sattar Edhi Foundation
  • Al-Shifa Trust
  • Bilquis Edhi Foundation
  • Fatimid Foundation
  • Pakistan Engineering Council
  • The Institution of Engineers
  • Liaquat National Hospital Association
  • The Citizens Foundation
  • Greenstar Social Marketing Pakistan (Guarantee) Limited
  • Indus Hospital, Karachi
  • Gulab Devi Chest Hospital
  • Pakistan Poverty Alleviation Fund
  • National Academy of Performing Arts
  • Pakistan Sweet Homes Angels and Fairies Place
  • National Rural Support Program
  • Pakistan Bar Council
  • Pakistan Centre for Philanthropy
  • Pakistan Mortgage Refinance Company Limited
  • Aziz Tabba Foundation
  • Layton Rahmat ullah Benevolent Trust (LRBT)
  • The Kidney Centre Post Graduate
  • Training Institute
  • Pakistan Disabled Foundation
  • Forman Christian College
  • Habib University Foundation
  • Begum AkhtarRukhsana Memorial Trust Hospital
  • Al-Khidmat Foundation
  • Dawat-e-Islami Trust
  • Sardar Trust Eye Hospital, Lahore
  • (xxx) Audit Oversight Board
  • Patient’s Aid Foundation
  • Al-Shifa Trust Eye Hospital
  • Saylani Welfare International Trust
  • SARMAYA-E-PAKISTAN LIMITED
  • Lahore University of Management Sciences, Lahore
  • Dawat-e-Hadiya, Karachi
  • Ghulam Ishaq Khan Institute of Engineering
  • Sciences and Technology.
  • Society for the Promotion of Engineering
  • Sciences and Technology in Pakistan (SOPREST)
  • Businessmen Hospital Trust
  • Bait us Salam Welfare Trust
  • Alamgir Welfare Trust International
  • Foundation University.
  • A trust administered under a scheme approved by Federal Government
  • A trust
  • A welfare institution registered with provincial or Islamabad social welfare department
  • A welfare society
  • A Non-Profit company registered with the SECP
  • A waqf registered under Mussalman Waqf Validating Act, 1913
  • A university or education institutions
  • A religious or charitable institution for the benefit of public

For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/

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Muhammad Waheed Ensari

Founder & CEO, BeSpoke Consulting and Training with 20+ Years of Professional Experience (International and National) in the field of Business Development, Taxation, Accounting, Finance & Auditing with good understanding of financial management system. Strong exposure in the field of general accounting, G/L maintenance, financial reporting and Internal control procedures. Expert in handling people of diverse nationalities, and renowned for being an excellent team player with a positive “can do” attitude. Energetic & self-motivated with a high degree of cultural sensitivity.

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