India - Income Tax Act 2010 - Saarc

S. 80G I.T. ACT, 1961 1.410purposes of this section and notwithstanding anything contained inthe proviso to clause (15) of section 2, be deemed to have been,—(a) established for charitable purposes for the previous year beginningon the 1st day of April, 2008 and ending on the 31st day ofMarch, 2009; and(b) approved under the said clause (vi) for the previous year beginningon the 1st day of April, 2008 and ending on the 31st day ofMarch, 2009.]66[(5A) Where a deduction under this section is claimed and allowed for anyassessment year in respect of any sum specified in sub-section (2), the sum inrespect of which deduction is so allowed shall not qualify for deduction underany other provision of this Act for the same or any other assessment year.]67[(5B) Notwithstanding anything contained in clause (ii) of sub-section (5) andExplanation 3, an institution or fund which incurs expenditure, during anyprevious year, which is of a religious nature for an amount not exceeding five percent of its total income in that previous year shall be deemed to be an institutionor fund to which the provisions of this section apply.]68[(5C) This 69 [section] applies in relation to amounts referred to in clause (d) ofsub-section (2) only if the trust or institution or fund is established in India for acharitable purpose and it fulfils the following conditions, namely :—(i) it is approved in terms of clause (vi) of sub-section (5);(ii) it maintains separate accounts of income and expenditure for providingrelief to the victims of earthquake in Gujarat;(iii) the donations made to the trust or institution or fund are applied onlyfor providing relief to the earthquake victims of Gujarat on or beforethe 31st day of March, 70 [2004];71[(iv) the amount of donation remaining unutilised on the 31st day ofMarch, 70 [2004] is transferred to the Prime Minister’s National ReliefFund on or before the 31st day of March, 70 [2004];](v) it renders accounts of income and expenditure to such authority 72 andin such manner as may be prescribed 73 , on or before the 30th day ofJune, 70 [2004].]66. Inserted by the Finance (No. 2) Act, 1980, w.r.e.f. 1-4-1962.67. Inserted by the Finance Act, 1999, w.e.f. 1-4-2000.68. Inserted by the Taxation Laws (Amendment) Act, 2001, w.r.e.f. 3-2-2001.69. Substituted for “sub-section” by the Finance Act, 2002, w.r.e.f. 3-2-2001.70. Substituted for “2003” by the Finance Act, 2003, w.r.e.f. 3-2-2001. Earlier “2003” wassubstituted for “2002” by the Finance Act, 2002, w.r.e.f. 3-2-2001.71. Substituted by the Finance Act, 2002, w.r.e.f. 3-2-2001. Prior to its substitution, clause (iv)read as under:“(iv) the amount of donation remaining unutilised on the 31st day of March, 2002 istransferred to the Prime Minister’s National Relief Fund on or before the 31st dayof March, 2002;”72. Prescribed authority under rule 18AAAA, is Director General of Income-tax (Exemptions).73. See rule 18AAAA and Form No.10AA.