"As per section 65E of Income Tax Ordinance 2001, tax credit is admissible/restricted to only for investment made in plant and machinery and undertaking of a new project also involves investment in factory building and development of manufacturing related infrastructure; therefore, such types of investments should also be granted tax relief," he said.
FPCCI acting president further said that the tax credit scheme, since its inception in 2011, has been providing better results and its further continuation would help in realization of the government's dream of industrialization, a pre-requisite to achieving sustainable economic growth and self-sufficiency.