SELLER OF REAL ESTATE
The profits and gains accrued to any person on sale of immovable property will be exempt from tax, provided that:
(a) Property is sold to a Real Estate Investment Trust (REIT) Scheme.
(b) The transaction of sale has been made from 07.07.2007 upto 30.06.2015.
INTER CORPORATE DIVIDEND
Dividend received by a company from another company of the same group, if the group companies are entitled to group taxation under the Income
Tax Law, will not be taxable.
OF TEXTBOOK BOARDS
Income earned by the textbook boards of all the provinces is wholly exempt from tax.
INCOME OF EDUCATIONAL INSTITUTIONS
Income received by a university or any other educational institution which is established only for educational purposes and not for the purposes of profit is exempt from tax.
Only those institutions will be exempt under this clause where no profit or dividend is paid to the investor or sponsors. The fact that an educational institution Dfa Ho is established not for the purpose of profit will be examined every year. Where the sole object of an institution is educational, and the surplus is used for educational purposes only, no profit motive comes in by the mere presence of surplus.
