Section 53 - Amendment of section 133A. - Finance Act, 2017

Amendment of section 133A. 53. In section 133A of the Income-tax Act, in sub-section (1),- (i) in the long line, for the portion beginning with at which a business or profession and ending with such business or profession , the following shall be substituted, namely:- at which a business or profession or an activity for charitable purpose is carried on, whether such place be the principal place or not of such business or profession or of such activity for charitable purpose, and require any proprietor, trustee, employee or any other person who may at that time and place be attending in any manner to, or helping in, the carrying on of such business or profession or such activity for charitable purpose ; (ii) in the Explanation, after the words business or profession wherever they occur, the words or activity for charitable purpose shall be inserted.