INCOME FROM BUSINESSES EXEMPT FROM TAX

    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.

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