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Al Shafique Foundation

The letter is a response to a notice from the Inland Revenue regarding an advance tax payment for the Al-Shafiq Welfare Foundation. The foundation, registered as a Non-Profit Organization, argues that it is not liable for the tax due to its status and compliance with relevant tax regulations. The letter emphasizes that the organization only receives donations, which do not constitute turnover, and requests acknowledgment of their tax credit eligibility.

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14 views1 page

Al Shafique Foundation

The letter is a response to a notice from the Inland Revenue regarding an advance tax payment for the Al-Shafiq Welfare Foundation. The foundation, registered as a Non-Profit Organization, argues that it is not liable for the tax due to its status and compliance with relevant tax regulations. The letter emphasizes that the organization only receives donations, which do not constitute turnover, and requests acknowledgment of their tax credit eligibility.

Uploaded by

soulnmind.things
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

December 20, 2023

Mr. Gulfam Afzal


Assistant / Deputy Commissioner,
Inland Revenue, Unit 07, Zone-I, Range-II,
CTO, Lahore.

Respected Madam,

M/s. Al-Shafiq Welfare Foundation


NTN: 7282326
Quarter: October 2024 to December 2024

SUBJECT: REPLY AGAINST NOTICE ISSUED UNDER SECTION 147(7) OF THE


INCOME TAX ORDINANCE, 2001

This is with reference to your office letter dated December 11, 2024 issued under section 147(7)
of Income Tax Ordinance, 2001, where in you have required the above taxpayer to pay the
installment of advance tax relating to 2nd quarter of tax year 2025 i.e. (October 2024 to
December 2024) amounting to Rs.28,877/-. In this regard, we would like to communicate that
the taxpayer is registered as Non-Profit Organization with Federal Board of Revenue and had
also obtained approval as Non-Profit Organization from Commissioner Inland Revenue under
section 2(36)(c) vide document number 1000000217208633 dated November 1st, 2024. Order
u/s 2(36) is also attached herewith for your kind reference.

As an NPO, the taxpayer is only receiving donations which does not fall under the definition of
turnover as per section 113(3) of Income Tax Ordinance, 2001. Furthermore, as per section 100C
of the Income Tax Ordinance, 2001 Non-profit organizations, trusts or welfare institutions shall
be allowed a tax credit equal to one hundred per cent of the tax payable, including minimum tax
and final taxes payable under any of the provisions of this Ordinance. Taxpayer has complied all
the requirements as mentioned in Income Tax Ordinance, 2001 for availing this tax credit.
Hence, taxpayer is not liable to pay any advance tax.

Thanking you for your anticipated cooperation.

Yours truly,

______________________________
For and on behalf of
Malik Haroon Ahmad & Co.
Chartered Accountants

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