INCOME FROM BUSINESSES EXEMPT FROM TAX
Income from the following business is exempt from tax:
- 1. Income of any university or other educational institution estab- lished for educational purposes and not for purposes of profit.
- 2 Income from computer training institution or computer training scheme will be exempt for a period of five years, if it is set up between 1 July 1997 to 30th June 2005.
- 3. Income from export of computer software Dfa Ho and its related services developed in Pakistan.
- 4. Agricultural income
- 5 Income of trust, welfare institutions or non-profit organizations 6. Profit on debt of Hub Power Company Limited on its bank deposits or accounts.