“Reduction In Tax Liability”
Income, or classes of income, or person or classes of person, enumerated below, shall be allowed reduction in tax liability to the extent and subject to such conditions as are specified hereunder:-
[(9B) The tax payable on the income, profits and gains of projects of low cost housing'. developed or approved by Naya Pakistan Housing and Development Authority (NAPHDA) or under the Ehsaas Programme shall be reduced by 90%: Provided that exemption under this clause shall continue to remain available to such projects which commence on or before the 30th day of June, 2024."]
Income Tax Ordinance 2001, The Second Schedule, Part III, Clause 9B.