ISLAMABAD: The Army Welfare Trust has demanded the Federal Board of Revenue (FBR) give 100 percent tax credit to it, sources said.
According to the sources, the trust has sent a letter to FBR. In the letter, Managing Director Lt General (r) Khalid Rabbani has given reference of meeting with Finance Minister Ishaq Dar and said that according to Section 100 (c) of Income Tax Ordinance 2001, welfare organizations can have the facility of 100 percent tax credit.
Army welfare Trust is a welfare organization under Society Registration Act, 1860, which come directly under the command of Pakistan Army Welfare Rehabilitation Department, he added.
He said that now the trust has fulfilled all the requirements for the 100 percent tax credit.
