Income Tax Act, 1961
Section 8: Ins. by Act 25 of 2014, s. 5 (w.e.f. 12015).
8. Ins. by Act 25 of 2014, s. 5 (w.e.f. 12015).
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1[(iv) any other fund or institution established for charitable purposes 2[which may be
approved by the prescribed authority], 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 wholly for public religious
purposes or wholly for public religious and charitable purposes, 2[which may be approved by the
prescribed authority], 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 objects thereof;
3[(vi) any university or other educational institution existing solely for educational purposes
and not for purposes of profit, other than those mentioned in sub-clause (iiiab) or
sub-clause (iiiad) and which may be approved by the prescribed authority; or
(via) any hospital or other institution for the reception and treatment of persons suffering
from illness or mental defectiveness or for the reception and treatment of persons during
convalescence or of persons requiring medical attention or rehabilitation, existing solely for
philanthropic purposes and not for purposes of profit, other than those mentioned in
sub-clause (iiiac) or sub-clause (iiiae) and which may be approved by the prescribed authority:]
Provided that the fund or trust or institution 3[or any university or other educational institution or
any hospital or other medical institution] referred to in sub-clause (iv) or sub-clause (v) 3[or
sub-clause (vi) or sub-clause (via)] shall make an application in the prescribed form and manner to the
prescribed authority for the purpose of grant of the exemption, or continuance thereof, under
sub-clause (iv) or sub-clause (v) 3[or sub-clause (vi) or sub-clause (via)]:
4[Provided further that the prescribed authority, before approving any fund or trust or institution
or any university or other educational institution or any hospital or other medical institution, under
sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via), may call for such documents
(including audited annual accounts) or information from the fund or trust or institution or any
university or other educational institution or any hospital or other medical institution, as the case may
be, as it thinks necessary in order to satisfy itself about the genuineness of the activities of such fund
or trust or institution or any university or other educational institution or any hospital or other medical
institution, as the case may be, and the prescribed authority may also make such inquiries as it deems
necessary in this behalf:]
Provided also that the fund or trust or institution 3[or any university or other educational
institution or any hospital or other medical institution] referred to in sub-clause (iv) or sub-clause (v)
3[or sub-clause (vi) or sub-clause (via)]—
5[(a) applies its income, or accumulates it for application, wholly and exclusively to the
objects for which it is established and in a case where more than fifteen per cent. of its income is
accumulated on or after the 1st day of April, 2002, the period of the accumulation of the amount
exceeding fifteen per cent. of its income shall in no case exceed five years; and]
any other fund or institution established for charitable purposes 2[which may be
approved by the prescribed authority], having regard to the objects of the fund or institution and
its importance throughout India or throughout any State or States; or
any trust (including any other legal obligation) or institution wholly for public religious
purposes or wholly for public religious and charitable purposes, 2[which may be approved by the
prescribed authority], 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 objects thereof;
3[
any university or other educational institution existing solely for educational purposes
and not for purposes of profit, other than those mentioned in sub-clause
or
sub-clause
and which may be approved by the prescribed authority; or
any hospital or other institution for the reception and treatment of persons suffering
from illness or mental defectiveness or for the reception and treatment of persons during
convalescence or of persons requiring medical attention or rehabilitation, existing solely for
philanthropic purposes and not for purposes of profit, other than those mentioned in
sub-clause
or sub-clause
and which may be approved by the prescribed authority:]
Provided that the fund or trust or institution 3[or any university or other educational institution or
any hospital or other medical institution] referred to in sub-clause
or sub-clause
3[or
sub-clause
or sub-clause
or sub-clause
3[or sub-clause
or sub-clause
or sub-clause
or sub-clause
or sub-clause
or sub-clause
3[or sub-clause
or sub-clause
applies its income, or accumulates it for application, wholly and exclusively to the
objects for which it is established and in a case where more than fifteen per cent. of its income is
accumulated on or after the 1st day of April, 2002, the period of the accumulation of the amount
exceeding fifteen per cent. of its income shall in no case exceed five years; and]