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Alhamdulillah
through the Grace of the Almighty Allah and the sadqah
of our "Buzroogaan-ud-deen" Saaberie Chishty Youth
Society has been approved as a PUBLIC BENEFIT
ORGANISATION (PBO) Registration No:930020641 in terms of
section 30 of the income tax act, and the receipts and
accruals are exempt from income tax in terms of section
10 (1) cN) of the act.
Donations made by or to Saaberie
Chishty Society Youth Society
are exempt from donation tax in
terms of section 56 (1) (h) of
the Act.
NB! Donations made to Saaberie
Chishty Youth Society is tax
deductable in the hands of the
donor in terms of section 18a of
the act subject to a limit of 5%
of taxable income in respect of
companies.
Any bequest or accruals from the
estates of the deceased persons
in favour of Saaberie Chishty
Youth Society are exempt from
the payment of estate duty in
terms of section 4 (h) of the
Estate Duty Act, 45 of 1955.
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