Section 45: President’s honours — Income Tax Ordinance, 2001

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45. President’s honours.— (1) Any allowance attached to any Honour, Award, or Medal awarded to a person by the President of Pakistan shall be exempt from tax under this Ordinance. (2) Any monetary award granted to a person by the President of Pakistan shall be exempt from tax under this Ordinance.

Effective date: 2001-09-13

Related sections

Section 44A: Exemption under Foreign Investment (Promotion and Protection)Section 46: Profit on debt Section 44: Exemptions under international agreements Section 47: Scholarships Section 43: Foreign government officials Section 48: Support payments under an agreement to live apart

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