ITO Section 47 | Scholarships:

ITO Section 47

Scholarships:

Any scholarship granted to a person to meet the cost of the person’s education shall be exempt from tax under this Ordinance, other than where the scholarship is paid directly or indirectly by an associate

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Explanation of ITO Section 47

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ุญูŽุณู’ุจููŠูŽ ุงู„ู„ู‘ูŽู‡ู ู„ุงูŽ ุฅูู„ูŽู‡ูŽ ุฅูู„ุงู‘ูŽ ู‡ููˆูŽ ุนูŽู„ูŽูŠู’ู‡ู ุชูŽูˆูŽูƒู‘ูŽู„ู’ุชู ูˆูŽู‡ููˆูŽ ุฑูŽุจู‘ู ุงู„ู’ุนูŽุฑู’ุดู ุงู„ู’ุนูŽุธููŠู…ู

โ€œAllah is sufficient for me. There is none worthy of worship but Him. I have placed my trust in Him. He is the Lord of the Majestic throne.โ€