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80G. Deduction in respect of donations to certain funds, charitable institutions, etc. (1) In computing the total income of an assessee, there shall be deducted, in accordance with and subject to the provisions of this section,—
(i) in a case where the aggregate of the sums specified in sub-section (2) includes any sum or sums of the nature specified in sub-clause (i) or in sub-clause (iiia) or in sub-clause (iiiaa) or in sub-clause (iiiab) or in sub-clause (iiib) or in sub-clause (iiie) or in sub-clause (iiif) or in sub-clause (iiig) or in sub-clause (iiiga) or sub-clause (iiih) or sub-clause (iiiha) or sub-clause (iiihb) or sub-clause (iiihc) or sub-clause (iiihd) or sub-clause (iiihe) or sub-clause (iiihf) or sub-clause (iiihg) or sub-clause (iiihh) or sub-clause (iiihi) or sub-clause (iiihj) “sub-clause (iiihk) or sub-clause (iiihl) or” “sub-clause (iiihm) or”in sub-clause (vii) of clause (a) or in clause (c) or in clause (d) thereof, an amount equal to the whole of the sum or, as the case may be, sums of such nature plus fifty per cent of the
(ii) in any other case, an amount equal to fifty per cent of the aggregate of the sums specified in sub-section (2). (2) The sums referred to in sub-section (1) shall be the following, namely :— (a) any sums paid by the assessee in the previous year as donations to— (i) the National Defence Fund set up by the Central Government; or 12 [ ( ii) the Jawaharlal Nehru Memorial Fund referred to in the Deed of Declaration of Trust adopted by the National Committee at its meeting held on the 17th day of August, 1964; or] (iii) the Prime Minister's Drought Relief Fund; or (iiia) the Prime Minister's National Relief Fund; 3 [or the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND)] ( iiiaa) the Prime Minister's Armenia Earthquake Relief Fund; or (iiiab) the Africa (Public Contributions - India) Fund; or (iiib) the National Children's Fund; or 12 [ (iiic) the Indira Gandhi Memorial Trust, the deed of declaration in respect whereof was registered at New Delhi on the 21st day of February, 1985; or] 12 [ (iiid) the Rajiv Gandhi Foundation, the deed of declaration in respect whereof was registered at New Delhi on the 21st day of June, 1991; or] (iiie) the National Foundation for Communal Harmony; or (iiif) a University or any educational institution of national eminence as may be approved by the prescribed authority in this behalf; or (iiig) the Maharashtra Chief Minister's Relief Fund during the period beginning on the 1st day of October, 1993 and ending on the 6th day of October, 1993 or to the Chief Minister's Earthquake Relief Fund, Maharashtra;or (iiiga) any fund set up by the State Government of Gujarat exclusively for providing relief to the victims of earthquake in Gujarat; or (iiih) any Zila Saksharta Samiti constituted in any district under the chairmanship of the Collector of that district for the purposes of improvement of primary education in villages and towns in such district and for literacy and post-literacy activities. Explanation.—For the purposes of this sub-clause, "town" means a town which has a population not exceeding one lakh according to the last preceding census of which the relevant figures have been published before the first day of the previous year ; or (iiiha)the National Blood Transfusion Council or to any State Blood Transfusion Council which has its sole object the control, supervision, regulation or encouragement in India of the services related to operation and requirements of blood banks.Explanation.—For the purposes of this sub-clause,—
(a) "National Blood Transfusion Council" means a society registered under the Societies Registration Act, 1860 (21 of 1860) and has an officer not below the rank of an Additional
(b) "State Blood Transfusion Council" means a society registered, in consultation with the National Blood Transfusion Council, under the Societies Registration Act, 1860 (21 of 1860) or under any law corresponding to that act in force in any part of India and has Secretary to the Government of that State dealing with the Department of Health, as its Chairman, by whatever name
(iiihb) any fund set up by a State Government to provide medical relief to the poor; or (iiihc) the Army Central Welfare Fund or the Indian Naval Benevolent Fund or the Air Force Central Welfare Fund established by the armed forces of the Union for the welfare of the past and present members of such forces or their dependants; or (iiihd) the Andhra Pradesh Chief Minister's Cyclone Relief Fund, 1996; or (iiihe) the National Illness Assistance Fund; or (iiihf) the Chief Minister's Relief Fund or the Lieutenant Governor's Relief Fund in respect of any State or Union territory, as the case may be Provided that such Fund is— (a) the only Fund of its kind established in the State or the Union territory, as the case may be; (b) under the overall control of the Chief Secretary or the Department of Finance of the State or the Union territory, as the case may be; (c) administered in such manner as may be specified by the State Government or the Lieutenant Governor, as the case may be; or (iiihg) the National Sports Fund to be set up by the Central Government; or (iiihh) the National Cultural Fund set up by the Central Government; or (iiihi) the Fund for Technology Development and Application set up by the Central Government; or (iiihj) the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities constituted under sub-section (1) of section 3 of the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 (44 of 1999); or “(iiihk) the Swachh Bharat Kosh, set up by the Central Government, other than the sum spent by the assessee in pursuance of Corporate Social Responsibility under sub-section (5) of section 135 of the Companies Act 2013 (18 of 2013) ; or (iiihl) the Clean Ganga Fund, set up by the Central Government, where such assessee is a resident and such sum is other than the sum spent by the assessee in pursuance of Corporate Social Responsibility under sub-section (5) of section 135 of the Companies Act, 2013; or”“ (iiihm) the National Fund for Control of Drug Abuse constituted under section 7A of the Narcotic Drugs and Psychotropic Substances Act, 1985 (61 of 1985) ; or” (iv) any other fund or any institution to which this section applies; or (v) the Government or any local authority, to be utilised for any charitable purpose other than the purpose of promoting family planning; or ( v ) the Government or any local authority, to be utilised for any charitable purpose other than the purpose of promoting family planning; or (vi) an authority constituted in India by or under any law enacted either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, or for both; (via) any corporation referred to in clause (26BB) of section 10 ; or (vii) the Government or to any such local authority, institution or association as may be approved in this behalf by the Central Government, to be utilised for the purpose of promoting family planning; (b) any sums paid by the assessee in the previous year as donations for the renovation or repair of any such temple, mosque, gurdwara, church or other place as is notified by the Central Government in the Official Gazette to be of historic, archaeological or artistic importance or to be a place of public worship of renown throughout any State or States; (c) any sums paid by the assessee, being a company, in the previous year as donations to the Indian Olympic Association or to any other association or institution established in India, as the Central Government may, having regard to the prescribed guidelines, by notification in the Official Gazette, specify in this behalf for— (i) the development of infrastructure for sports and games; or (ii) the sponsorship of sports and games, in India; (d) any sums paid by the assessee, during the period beginning on the 26th day of January, 2001 and ending on the 30th day of September, 2001, to any trust, institution or fund to which this section applies for providing relief to the victims of earthquake in Gujarat. (3) [Omitted by the Finance Act, 1994, w.e.f. 1-4-1994.] (4) Where the aggregate of the sums referred to in sub-clauses (iv), (v), (vi) , (via)] and (vii) of clause (a) and in clauses (b) and (c) of sub-section (2) exceeds ten per cent of the gross total income (as reduced by any portion thereof on which income-tax is not payable under any provision of this Act and by any amount in respect of which the assessee is entitled to a deduction under any other provision of this Chapter), then the amount in excess of ten per cent of the gross total income shall be ignored for the purpose of computing the aggregate of the sums in respect of which deduction is to be allowed under sub-section (1). (5) This section applies to donations to any institution or fund referred to in sub-clause (iv) of clause (a) of sub-section (2), only if it is established in India for a charitable purpose and if it fulfils the following conditions, namely:— (i) where the institution or fund derives any income, such income would not be liable to inclusion in its total income under the provisions of sections 11 and 12 or clause (23AA) or clause (23C) of section 10 : Provided that where an institution or fund derives any income, being profits and gains of business, the condition that such income would not be liable to inclusion in its total income under the provisions of section 11 shall not apply in relation to such income, if— (a) the institution or fund maintains separate books of account in respect of such business; (b) the donations made to the institution or fund are not used by it, directly or indirectly, for the purposes of such business; and (c) the institution or fund issues to a person making the donation a certificate to the effect that it maintains separate books of account in respect of such business and that the donations received by it will not be used, directly or indirectly, for the purposes of such business; (ii) the instrument under which the institution or fund is constituted does not, or the rules governing the institution or fund do not, contain any provision for the transfer or application at any time of the whole or any part of the income or assets of the institution or fund for any purpose other than a charitable purpose; (iii) the institution or fund is not expressed to be for the benefit of any particular religious community or caste; 13 [ (iv) in any other case, where activities of the institution or fund have––(A) not commenced, at least one month prior to the commencement of the previous year relevant to the assessment year from which the said approval is sought; (B) commenced and where no income or part thereof of the said institution or fund has been excluded from the total income on account of applicability of sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10 or section 11 or section 12 for any previous year ending on or before the date of such application, at any time after the commencement of such activities] (v) the institution or fund is either constituted as a public charitable trust or is registered under the Societies Registration Act, 1860 (21 of 1860), or under any law corresponding to that Act in force in any part of India or under section 25 of the Companies Act, 1956 (1 of 1956), or is a University established by law, or is any other educational institution recognised by the Government or by a University established by law, or affiliated to any University established by law, or is an institution financed wholly or in part by the Government or a local authority; (vi) in relation to donations made after the 31st day of March, 1992, the institution or fund is for the time being 6 [approved by the Principal Commissioner or Commissioner] ( vii) where any institution or fund had been approved under clause (vi) for the previous year beginning on the 1st day of April, 2007 and ending on the 31st day of March, 2008, such institution or fund shall, for the purposes of this section and notwithstanding anything contained in the proviso to clause (15) of section 2, be deemed to have been,— (a) established for charitable purposes for the previous year beginning on the 1st day of April, 2008 and ending on the 31st day of March, 2009; and (b) approved under the said clause (vi) for the previous year beginning on the 1st day of April, 2008 and ending on the 31st day of March, 2009. 5 [ 2 [ “( viii ) the institution or fund prepares such statement for such period as may be prescribed and deliver or cause to be delivered to the prescribed income-tax authority or the person authorised by such authority such statement in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed: Provided that the institution or fund may also deliver to the said prescribed authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under this sub-section in such form and verified in such manner as may be prescribed; and ( ix ) the institution or fund furnishes to the donor, a certificate specifying the amount of donation in such manner, containing such particulars and within such time from the date of receipt of donation, as may be prescribed: Provided that the institution or fund referred to in clause ( vi ) shall make an application in the prescribed form and manner to the Principal Commissioner or Commissioner, for grant of approval,–– ( i ) where the institution or fund is approved under clause ( vi ) [as it stood immediately before its amendment by the Finance Act, 2020 ], within three months from the date on which this proviso has come into force; ( ii ) where the institution or fund is approved and the period of such approval is due to expire, at least six months prior to expiry of the said period; ( iii ) where the institution or fund has been provisionally approved, at least six months prior to expiry of the period of the provisional approval or within six months of commencement of its activities, whichever is earlier; ( iv ) in any other case, at least one month prior to commencement of the previous year relevant to the assessment year from which the said approval is sought: Provided further that the Principal Commissioner or Commissioner, on receipt of an application made under the first proviso, shall,— ( i ) where the application is made under clause ( i ) of the said proviso, pass an order in writing granting it approval for a period of five years; ( ii ) where the application is made under clause ( ii ) or clause ( iii ) of the said proviso,— ( a ) call for such documents or information from it or make such inquiries as he thinks necessary in order to satisfy himself about— ( A ) the genuineness of activities of such institution or fund; and ( B ) the fulfilment of all the conditions laid down in clauses ( i ) to ( v ); ( b ) after satisfying himself about the genuineness of activities under item ( A ), and the fulfilment of all the conditions under item ( B ), of subclause ( a ),–– ( A ) pass an order in writing granting it approval for a period of five years; or ( B ) if he is not so satisfied, pass an order in writing rejecting such application and also cancelling its approval after affording it a reasonable opportunity of being heard; ( iii ) where the application is made under clause ( iv ) of the said proviso, pass an order in writing granting it approval provisionally for a period of three years from the assessment year from which the registration is sought, and send a copy of such order to the institution or fund: Provided also that the order under clause ( i ), sub-clause ( b ) of clause ( ii ) and clause ( iii ) of the first proviso shall be passed in such form and manner as may be prescribed, before expiry of the period of three months, six months and one month, respectively, calculated from the end of the month in which the application was received: Provided also that the approval granted under the second proviso shall apply to an institution or fund, where the application is made under–– ( a ) clause ( i ) of the first proviso, from the assessment year from which approval was earlier granted to such institution or fund; ( b ) clause ( iii ) of the first proviso, from the first of the assessment years for which such institution or fund was provisionally approved; ( c ) in any other case, from the assessment year immediately following the financial year in which such application is made.”;] 7 [(viii) the institution or fund prepares such statement for such period as may be prescribed and deliver or cause to be delivered to the prescribed income-tax authority or the person authorised by such authority such statement in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed: Provided that the institution or fund may also deliver to the said prescribed authority, a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under this sub-section in such form and verified in such manner as may be prescribed; and (ix) the institution or fund furnishes to the donor, a certificate specifying the amount of donation in such manner, containing such particulars and within such time from the date of receipt of donation, as may be prescribed: Provided that the institution or fund referred to in clause (vi) shall make an application in the prescribed form and manner to the Principal Commissioner or Commissioner, for grant of approval,— (i) where the institution or fund is approved under clause (vi) [as it stood immediately before its amendment by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020], within three months from the 1st day of April, 2021; (ii) where the institution or fund is approved and the period of such approval is due to expire, at least six months prior to expiry of the said period; (iii) where the institution or fund has been provisionally approved, at least six months prior to expiry of the period of the provisional approval or within six months of commencement of its activities, whichever is earlier; (iv) in any other case, at least one month prior to commencement of the previous year relevant to the assessment year from which the said approval is sought: Provided further that the Principal Commissioner or Commissioner, on receipt of an application made under the first proviso, shall,— (i) where the application is made under clause (i) of the said proviso, pass an order in writing granting it approval for a period of five years; (ii) where the application is made under clause (ii) or clause (iii ) 14 [ or sub-clause (B) of clause (iv)] of the said proviso,— (a) call for such documents or information from it or make such inquiries as he thinks necessary in order to satisfy himself about— (A) the genuineness of activities of such institution or fund; and (B) the fulfilment of all the conditions laid down in clauses (i) to (v); (b) after satisfying himself about the genuineness of activities under item (A), and the fulfilment of all the conditions under item (B), of sub-clause (a),— (A) pass an order in writing granting it approval for a period of five years; or (B ) 15 [ if he is not so satisfied, pass an order in writing,–– (I) in a case referred to in clause (ii) or clause (iii) of the first proviso, rejecting such application and cancelling its approval; or (II) in a case referred to in subclause (B) of clause (iv) of the first proviso, rejecting such application, after affording it a reasonable opportunity of being heard] 16 [(iii )[ where the application is made under sub-clause (A) of clause (iv) of the said proviso or the application is made under clause (iv) of the said proviso as it stood immediately before its amendment vide the Finance Act, 2023, pass an order in writing granting it approval provisionally for a period of three years from the assessment year from which the approval is sought]
Provided also that the order under clause (i), sub-clause (b) of clause (ii) and clause (iii) of th e 17 [ second proviso] shall be passed in such form and manner as may be prescribed, before expiry of the period of three months, six months and one month, respectively, calculated from the end of the month in which the application was received: Provided also that the approval granted under the second proviso shall apply to an institution or fund, where the application is made under— (a) clause (i) of the first proviso, from the assessment year from which approval was earlier granted to such institution or fund; (b) clause (iii) of the first proviso, from the first of the assessment years for which such institution or fund was provisionally approved; (c) in any other case, from the assessment year immediately following the financial year in which such application is made.] (5A) Where a deduction under this section is claimed and allowed for any assessment year in respect of any sum specified in sub-section (2), the sum in respect of which deduction is so allowed shall not qualify for deduction under any other provision of this Act for the same or any other assessment year. (5B) Notwithstanding anything contained in clause (ii) of sub-section (5) and Explanation 3, an institution or fund which incurs expenditure, during any previous year, which is of a religious nature for an amount not exceeding five per cent of its total income in that previous year shall be deemed to be an institution or fund to which the provisions of this section apply. (5C) This section applies in relation to amounts referred to in clause (d) of sub-section (2) only if the trust or institution or fund is established in India for a charitable 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 providing relief to the victims of earthquake in Gujarat; (iii) the donations made to the trust or institution or fund are applied only for providing relief to the earthquake victims of Gujarat on or before the 31st day of March, 2004; (iv) the amount of donation remaining unutilised on the 31st day of March, 2004 is transferred to the Prime Minister's National Relief Fund on or before the 31st day of March, 2004; (v) it renders accounts of income and expenditure to such authority and in such manner as may be prescribed, on or before the 30th day of June, 2004. (5D) No deduction shall be allowed under this section in respect of donation of any sum exceeding two thousand rupees unless such sum is paid by any mode other than cash. 8 [ 2 [ (5E) All applications, pending before the Commissioner on which no order has been passed under clause (vi) of sub-section (5) before the date on which this sub-section has come into force, shall be deemed to be applications made under clause (iv) of the first proviso to sub-section (5) on that date. ]]
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[(5E) All applications, pending before the Commissioner on which no order has been passed under clause (vi) of sub-section (5) before the date on which this sub-section has come into force, shall be deemed to be applications made under clause (iv) of the first proviso to sub-section (5) on that date.]
Explanation 1 .—An institution or fund established for the benefit of Scheduled Castes, backward classes, Scheduled Tribes or of women and children shall not be deemed to be an institution or fund expressed to be for the benefit of a religious community or caste within the meaning of clause (iii) of sub-section (5). Explanation 2. —For the removal of doubts, it is hereby declared that a deduction to which the assessee is entitled in respect of any donation made to an institution or fund to which sub-section (5) applies shall not be denied merely on either or both of the following grounds, namely :— (i) that, subsequent to the donation, any part of the income of the institution or fund has become chargeable to tax due to non-compliance with any of the provisions of section 11 , section 12 or section 12A ; (ii) that, under clause (c) of sub-section (1) of section 13 , the exemption under section 11 or section 12 is denied to the institution or fund in relation to any income arising to it from any investment referred to in clause (h) of sub-section (2) of section 13 where the aggregate of the funds invested by it in a concern referred to in the said clause (h) does not exceed five per cent of the capital of that concern. 10 [ 2 [ Explanation 2A.— For the removal of doubts, it is hereby declared that claim of the assessee for a deduction in respect of any donation made to an institution or fund to which the provisions of sub-section (5) applies, in the return of income for any assessment year filed by him, shall be allowed on the basis of information relating to said donation furnished by the institution or fund to the prescribed income-tax authority or the person authorised by such authority, subject to verification in accordance with the risk management strategy formulated by the Board from time to time.] ] 11 [Explanation 2A.—For the removal of doubts, it is hereby declared that claim of the assessee for a deduction in respect of any donation made to an institution or fund to which the provisions of sub-section (5) apply, in the return of income for any assessment year filed by him, shall be allowed on the basis of information relating to said donation furnished by the institution or fund to the prescribed income-tax authority or the person authorised by such authority, subject to verification in accordance with the risk management strategy formulated by the Board from time to time.] Explanation 3. —In this section, "charitable purpose" does not include any purpose the whole or substantially the whole of which is of a religious nature.
Explanation 4
.—For the purposes of this section, an association or institution having as its object the control, supervision, regulation or encouragement in India of such games or
Explanation 5.
—For the removal of doubts, it is hereby declared that no deduction shall be allowed under this section in respect of any donation
NOTE- 1 . Substituted by the Finance Act, 2020. Amendment Effective From 01st June, 2020 in sub-section (5), in clause (vi), for the wo rds; approved by the Commissioner in accordance with the rules made in this behalf ; and the following shall be substituted namely; approved by the Principal Commissioner or Commissioner, 2 . Inserted by the Finance Act, 2020 . Amendment Effective From 01st June, 2020 3 . Inserted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September,2020, w.e.f 01st April, 2020 4 . Substituted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September, 2020, w.e.f 01st June 2020 in sub-section (5), The Word- 1 [approved by the Principal Commissioner or Commissioner,] Shall be substituted by- "approved by the Commissioner in accordance with the rules made in this behalf; and" 5 . Ommitted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September, 2020, w.e.f 01st June 2020. 6 . Substituted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September, 2020, w.e.f 01st April 2021 in sub-section (5), in clause (vi). The Word- 4 [ approved by the Commissioner in accordance with the rules made in this behalf; and ] Shall be substituted by- "approved by the Principal Commissioner or Commissioner" 7 . Inserted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September,2020, w.e.f 01st April, 2021. 8 . Ommitted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September, 2020, w.e.f 01st June 2020. 9 . Inserted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September,2020, w.e.f 01st April, 2021. 10 . Ommitted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September, 2020, w.e.f 01st June 2020 11 . Inserted by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, Notification No 38/2020 dated 29th September,2020, w.e.f 01st April, 2021. 12 . Omitted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.04.2024.
13 . Substituted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.10.2023. in sub-section (5),in the first proviso, for clause (iv),- (iv) the institution or fund maintains regular accounts of its receipts and expenditure; The following shall be substituted namely- “(iv) in any other case, where activities of the institution or fund have––(A) not commenced, at least one month prior to the commencement of the previous year relevant to the assessment year from which the said approval is sought; (B) commenced and where no income or part thereof of the said institution or fund has been excluded from the total income on account of applicability of sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10 or section 11 or section 12 for any previous year ending on or before the date of such application, at any time after the commencement of such activities:”;
14 . Inserted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.10.2023.
15 . Substituted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.10.2023. in sub-clause (b), for item (B), (B) if he is not so satisfied, pass an order in writing rejecting such application and also cancelling its approval after affording it a reasonable opportunity of being heard; The following should be substituted namely. (B) if he is not so satisfied, pass an order in writing,––(I) in a case referred to in clause (ii) or clause (iii) of the first proviso, rejecting such application and cancelling its approval; or (II) in a case referred to in subclause (B) of clause (iv) of the first proviso, rejecting such application, after affording it a reasonable opportunity of being heard]
16 . Substituted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.10.2023. (b) for clause (iii), where the application is made under clause (iv) of the said proviso, pass an order in writing granting it approval provisionally for a period of three years from the assessment year from which the registration is sought, and send a copy of such order to the institution or fund: The following should be substituted namely. “(iii) where the application is made under sub-clause (A) of clause (iv) of the said proviso or the application is made under clause (iv) of the said proviso as it stood immediately before its amendment vide the Finance Act, 2023, pass an order in writing granting it approval provisionally for a period of three years from the assessment year from which the approval is sought,”;
17 . Substituted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.10.2023. (B) in the third proviso, first proviso The following should be substituted namely. second proviso
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