Exclusion of certain receipts from non-profit regular income: Board directed foreign application and corpus donations qualify for exclusion. Exclusion from regular income applies to income applied outside India when the Board directs such exclusion for organisations created before 1 April 1952 ... Summary
Exclusion of certain receipts from non-profit regular income: Board directed foreign application and corpus donations qualify for exclusion.
Exclusion from regular income applies to income applied outside India when the Board directs such exclusion for organisations created before 1 April 1952 for charitable or religious purposes, or created on or after that date for charitable purposes where the external application promotes international welfare in which India is interested, and to corpus donations received under the statutory corpus provision.
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