Amendment of section 80G

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....ause (vi), the proviso shall be omitted with effect from the 1st day of October, 2009; (d) after clause (vi), the following clause shall be inserted, namely:— "(vii) where any institution or fund had been approved under clause (vi) for the previous year beginning on the 1st day of April, 2007 and ending on the 31st day of March, 2008, such institution or fund shall, for the purposes of thi....

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....year not exceeding five assessment years, as may be specified in the approval. The proposed amendment seeks to omit the proviso to clause (vi) of sub-section (5) of section 80G so as to do away with the time limit specified in the aforesaid proviso. The proposed amendment will take effect from1st day of October, 2009. The existing provisions contained in sub-section (5) of the said sectio....

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....e of the nature of a use or application or retention of the income from any such activity. The proposed amendment seeks to provide that if any institution or fund had been approved under clause (vi) of sub-section (5) of section 80G for the previous year beginning on the 1^st day of April, 2007 and ending on the 31^st day of March, 2008, such institution or fund shall, for the purposes of afore....