Section 3 - Amendment of section 10 - Taxation Laws (Amendment) Act, 1975

3. Amendment of section 10. In section 10 of the Income-tax Act, (i) in clause (6), after sub-clause (m), the following sub-clause shall be inserted, namely: (via) the remuneration received by him as an employee of, or a consultant to, an institution or association or a body established or formed outside India solely for philanthropic purposes, for services rendered by him in India in connection with such purposes; provided that such institution or association or body and the purposes for which his services are rendered in India are approved by the Central Government; ; (ii) after clause (23B), the following clause shall be inserted, namely: (23C) any income received by any person on behalf of (i) the Prime Minister s National Relief Fund; or (ii) the Prime Minister s Fund (Promotion of Folk Art); or (iii) the Prime Minister s Aid to Students Fund; or (iv) any other fund or institution established for charitable purposes which may be notified by the Central Government in the Official Gazette, having regard to the objects of the fund or institution and its importance throughout India or throughout any State or States; or (v) any trust (including any other legal obligation) or institution, being a trust or institution wholly for public religious purposes or wholly for public religious and charitable purposes, which may be notified by the Central Government in the Official Gazette, having regard to the manner in which the affairs of the trust or institution are administered and supervised for ensuring that the income accruing thereto is properly applied for the purposes thereof: Provided that any notification issued by the Central Government under sub-clause (iv) or sub-clause (v) shall have effect for such assessment year or years (including an assessment year or years commencing before the date on which such notification is Issued) as may be specified in the notification; .