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of <h1>CBDT Clarifies: Section 80G Recognition Not Automatic for Institutions u/s 10(23C); Must Meet Five Conditions.</h1> The Central Board of Direct Taxes clarifies that recognition under section 80G of the Income-tax Act is not automatic for funds or institutions notified under section 10(23C)(iv)(v). Such recognition is granted only if the entity meets all five conditions specified under section 80G(5). Some funds or institutions may be notified under section 10(23C)(iv)(v) but fail to satisfy these conditions. Furthermore, Explanation (3) to section 80G specifies that 'charitable purpose' excludes activities that are wholly or predominantly religious, even if the institution is notified under section 10(23C)(v).
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