753754_336062_tax return_akhbar

Government to exempt political parties with annual and wealth record

21 views

The government has decided to set the registered political parties free of the obligation of submitting their wealth record and also stated that their incomes are going to be tax-free. The PTI government has decided with table 1 for clause 66 of the second schedule of Income Tax Ordinances.

The political parties with the income from trust and funds, institutions, societies, foundations, and boards are declared tax-free. The government took this decision when PTI was dealing with the foreign funding case Election Commission of Pakistan (ECP).

About author

Rava Desk

Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *