ITO Section 45 | President’s honours.

ITO Section 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.

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Explanation of ITO Section 45

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