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of <h1>Finance Bill 2008 amends Income-tax Act: New agricultural income category, revised definition of 'charitable purpose' in Section 2.</h1> In the Finance Bill, 2008, amendments to section 2 of the Income-tax Act are proposed. Effective April 1, 2009, a new Explanation 3 is added to clause (1A), categorizing income from saplings or seedlings grown in a nursery as agricultural income. Additionally, clause (15) is revised to define 'charitable purpose' as including relief of the poor, education, medical relief, and other public utilities. However, activities resembling trade, commerce, or business, or services related to such activities for a fee, will not be considered charitable if they involve income retention or application.
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