Exclusion of income from regular income for registered non-profit organisations where overseas-applied income and corpus donations are exempt. The provision excludes from a registered non-profit organisation's regular income income which the Board directs is applied outside India - limited to organisations created before April 1952 for charitable or religious purposes, and those created on or after that date for charitable purposes where such application abroad tends to promote international welfare in which India is interested - and also excludes the corpus donation received by the organisation under the corpus clause.