Health Desk: 6th Nov’18: The National Board of Revenue (NBR) has granted tax exemption to Ispahani Islamia Eye Institute & Hospital (IIEI&H) on its earnings from the services provided to the public.
According to a notice of the revenue board issued recently, the benefit will be retrospectively valid from May 30, 2018 for five years.
The notice reads, “The tax exempted income should be spent on education, public welfare and health care services of Ispahani Islamia Eye Institute & Hospital”.
It added the hospital has to submit income tax return along with its audited accounts.
Set up in 1960 by philanthropist MA Ispahani as a not-for-profit hospital, IIEI&H provides eye care to all segments of society.
It also trains doctors, surgeons and paramedics with a view to building the capacity of the nation in eye care services, according to its website.
The hospital served nearly 900,000 out-patients in 2017, up from less than 200,000 in 2001.
IIEI&H performed nearly 50,000 surgeries last year, up from around 10,000 in 2001.