Income Tax Act, 2025
Section 5: Subs. by Act 19 of 1970, s. 3, for sub-clause (iii) (w.e.f. 11970).
5. Subs. by Act 19 of 1970, s. 3, for sub-clause (iii) (w.e.f. 11970).
6. The words “according to the last preceding census of which the relevant figures have been published before the first day
of the previous year” omitted by Act 17 of 2013, s. 3 (w.e.f. 12014).
34
1[(b) in any area within the distance, measured aerially,—
(I) not being more than two kilometres, from the local limits of any municipality or
cantonment board referred to in item (a) and which has a population of more than ten
thousand but not exceeding one lakh; or
(II) not being more than six kilometres, from the local limits of any municipality or
cantonment board referred to in item (a) and which has a population of more than one
lakh but not exceeding ten lakh; or
(III) not being more than eight kilometres, from the local limits of any municipality
or cantonment board referred to in item (a) and which has a population of more than ten
lakh.
Explanation.—For the purposes of this sub-clause, “population” means the population
according to the last preceding census of which the relevant figures have been published before
the first day of the previous year;]]
2[(iv) 6½ per cent.. Gold Bonds, 1977, 3[or 7 per cent.. Gold Bonds, 1980], 4[or National Defence
Gold Bonds, 1980], issued by the Central Government;]
5[(v) Special Bearer Bonds, 1991, issued by the Central Government;]
6[(vi) Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 7[or deposit certificates
issued under the Gold Monetisation Scheme, 2015] notified by the Central Government.]
8[Explanation.—For the removal of doubts, it is hereby clarified that “property” includes and
shall be deemed to have always included any rights in or in relation to an Indian company,
including rights of management or control or any other rights whatsoever;]
9[(15) “charitable purpose”includes relief of the poor, education, 10[yoga,] medical relief,
11[preservation of environment (including watersheds, forests and wildlife) and preservation of
monuments or places or objects of artistic or historic interest,] and the advancement of any other
object of general public utility:
12[Provided that the advancement of any other object of general public utility shall not be a
charitable purpose, if it involves the carrying on of any activity in the nature of trade, commerce or
business, or any activity of rendering any service in relation to any trade, commerce or business, for a
cess or fee or any other consideration, irrespective of the nature of use or application, or retention, of
the income from such activity, unless—
(i) such activity is undertaken in the course of actual carrying out of such advancement of
any other object of general public utility; and
(ii) the aggregate receipts from such activity or activities during the previous year, do not
exceed twenty per cent. of the total receipts, of the trust or institution undertaking such activity or
activities, of that previous year;]]
(w.e.f. 11970).
6. The words “according to the last preceding census of which the relevant figures have been published before the first day
of the previous year” omitted by Act 17 of 2013, s. 3 (w.e.f. 12014).
34
1[
in any area within the distance, measured aerially,—
not being more than two kilometres, from the local limits of any municipality or
cantonment board referred to in item
and which has a population of more than ten
thousand but not exceeding one lakh; or
not being more than six kilometres, from the local limits of any municipality or
cantonment board referred to in item
and which has a population of more than one
lakh but not exceeding ten lakh; or
not being more than eight kilometres, from the local limits of any municipality
or cantonment board referred to in item
and which has a population of more than ten
lakh.
Explanation.—For the purposes of this sub-clause, “population” means the population
according to the last preceding census of which the relevant figures have been published before
the first day of the previous year;]]
2[
6½ per cent.. Gold Bonds, 1977, 3[or 7 per cent.. Gold Bonds, 1980], 4[or National Defence
Gold Bonds, 1980], issued by the Central Government;]
5[
Special Bearer Bonds, 1991, issued by the Central Government;]
6[
Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 7[or deposit certificates
issued under the Gold Monetisation Scheme, 2015] notified by the Central Government.]
8[Explanation.—For the removal of doubts, it is hereby clarified that “property” includes and
shall be deemed to have always included any rights in or in relation to an Indian company,
including rights of management or control or any other rights whatsoever;]
9[
“charitable purpose”includes relief of the poor, education, 10[yoga,] medical relief,
11[preservation of environment (including watersheds, forests and wildlife) and preservation of
monuments or places or objects of artistic or historic interest,] and the advancement of any other
object of general public utility:
12[Provided that the advancement of any other object of general public utility shall not be a
charitable purpose, if it involves the carrying on of any activity in the nature of trade, commerce or
business, or any activity of rendering any service in relation to any trade, commerce or business, for a
cess or fee or any other consideration, irrespective of the nature of use or application, or retention, of
the income from such activity, unless—
such activity is undertaken in the course of actual carrying out of such advancement of
any other object of general public utility; and
the aggregate receipts from such activity or activities during the previous year, do not
exceed twenty per cent. of the total receipts, of the trust or institution undertaking such activity or
activities, of that previous year;]]