TaxTMI 
TaxTMI 
Question - What are the amendment proposed in Section 10(23C) in Finance Bill 2015 ?
Swatch Bharat - Tax benefits for Swachh Bharat Kosh and Clean Ganga Fund
28 Feb 2015 
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Tax deduction for donations to national sanitation and river-rejuvenation funds now fully allowed; CSR contributions excluded.
Donations to Swachh Bharat Kosh and domestic donations to Clean Ganga Fund are proposed to be fully deductible from total income; Corporate Social Responsibility expenditures are expressly excluded from eligibility for that deduction. The income of both funds is proposed to be exempt from income tax under the charitable-fund exemption framework, with the amendments made retrospective to the start of the fiscal year and applicable to the stated assessment year and following years. (AI Summary)
Donations to Swachh Bharat Kosh and domestic donations to Clean Ganga Fund are proposed to be fully deductible from total income; Corporate Social Responsibility expenditures are expressly excluded from eligibility for that deduction. The income of both funds is proposed to be exempt from income tax under the charitable-fund exemption framework, with the amendments made retrospective to the start of the fiscal year and applicable to the stated assessment year and following years. (AI Summary)