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Prime Minister’s National Relief Fund
Consider the following statements with reference to the Prime Minister’s National Relief Fund (PMNRF):
- Prime Minister's National Relief Fund (PMNRF) was established entirely with public contributions and does not get any budgetary support.
- All contributions towards PMNRF are exempt from Income Tax under section 80(G).
A |
Only 1
|
|
B |
Only 2
|
|
C |
Both 1 and 2
|
|
D |
Neither 1 nor 2
|
Your Ans is
Right ans is C
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- Prime Minister’s National Relief Fund (PMNRF) was established in 1948 with public contributions to assist displaced persons from Pakistan.
- The fund is recognized as a Trust under the Income Tax Act and the same is managed by Prime Minister or multiple delegates for national causes.
- PMNRF accepts voluntary contributions from Individuals, Organizations, Trusts, Companies and Institutions etc.
- The resources of the fund are utilized to render immediate relief to families of those killed in natural calamities like floods, cyclones and earthquakes, etc.
- In addition it assists partially to defray the expenses for medical treatment like heart surgery, kidney transplantation, cancer treatment of needy people and acid attack etc.
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