Eligibility criteria for tax-exempt sports bodies: notifications limited to specified conditions and temporal effect under 80G Guidelines for notification under clause (c) of sub-section (2) of section 80G require that an association or institution have as its object the control, supervision, regulation or encouragement of specified games or sports, a proven three-year record in developing or promoting sports, a prohibition on income distribution to members except grants to affiliates, application of donations to sports infrastructure or sponsorship, maintenance of regular accounts, regular filing of income-tax returns, and that any notification specify its effect for up to three assessment years.
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Eligibility criteria for tax-exempt sports bodies: notifications limited to specified conditions and temporal effect under 80G
Guidelines for notification under clause (c) of sub-section (2) of section 80G require that an association or institution have as its object the control, supervision, regulation or encouragement of specified games or sports, a proven three-year record in developing or promoting sports, a prohibition on income distribution to members except grants to affiliates, application of donations to sports infrastructure or sponsorship, maintenance of regular accounts, regular filing of income-tax returns, and that any notification specify its effect for up to three assessment years.
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