Indian Income-Tax Act, 1922

[15B. Exemption on account of donations for charitable purposes.—[(1) The tax shall not be payable by an assessee in respect of any sums paid by him on or after the 1st day of April, 1953, as donations to any institution or fund to which this section applies [or in respect of any sums paid by him on or after the 1st day of April, 1960, as donations to the Government or to any local authority to be utilised for any charitable purpose as defined in sub-section (3) of section 4]:

Provided that in the case of a company this exemption shall apply only in respect of income-tax and not in respect of super-tax payable by it:

Provided further that this exemption shall not apply—

(a) if the aggregate of the sums so paid by the assessee is less than two hundred and fifty rupees,

(b)to any sums paid in excess of [seven and a half per cent, of the assessee's total income] as reduced by any portion thereof exempt from tax under any other provisions of this Act, or [one hundred and fifty thousand rupees], whichever is less.

(2) This section applies to any institution or fund established in the taxable territories for a charitable purpose—

(i) the income whereof is exempt under clause (i) of sub-section (3) of section 4;

(ii) which is not expressed to be for the benefit of any particular religious community;

(iii) which maintains regular accounts of its receipts and expenditure; and

(iv) which is either constituted as a public charitable trust or is registered under the Societies Registration Act, 1860 (XXI of 1860), or under section 26 of the Indian Companies Act, 1913 (VII of 1913), or is a university established by law or is any other educational institution recognised by Government or by a university or affiliated to any university; or

(v) which is an institution financed wholly or in part by the Governme .... To read the full section download the app from Google Play store