Income Tax Act, 2025
Section 4: Subs. by s. 45, ibid., for “ten per cent.” (w.e.f. 12013).
4. Subs. by s. 45, ibid., for “ten per cent.” (w.e.f. 12013).
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1[115BBB. Tax on income from units of an open-ended equity oriented fund of the Unit Trust of
India or of Mutual Funds.—(1) Where the total income of an assessee includes any income from units
of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, the income-tax
payable shall be the aggregate of—
(a) the amount of income-tax calculated on income from units of an open-ended equity oriented
fund of the Unit Trust of India or of a Mutual Fund, at the rate of ten per cent; and
(b) the amount of income-tax with which the assessee would have been chargeable had his total
income been reduced by the amount of income referred to in clause (a).
(2) Nothing contained in sub-section (1) shall apply in relation to any income from units of an openended equity oriented fund of the Unit Trust of India or of the Mutual Fund arising after the 31st day of
March, 2003.
Explanation.—For the purposes of this section, the expressions “Mutual Fund”, “open-ended equity
oriented fund” and “Unit Trust of India” shall have the meanings respectively assigned to them in
the Explanation to section 115T.]
2[115BBC. Anonymous donations to be taxed in certain cases.—(1) Where the total income of an
assessee, being a person in receipt of income on behalf of any university or other educational institution
referred to in sub-clause (iiiad) or sub-clause (vi) or any hospital or other institution referred to in subclause (iiiae) or sub-clause (via) or any fund or institution referred to in sub-clause (iv) or any trust or
institution referred to in sub-clause (v) of clause (23C) of section 10 or any trust or institution referred to
in section 11, includes any income by way of any anonymous donation, the income-tax payable shall be
the aggregate of—
3[(i) the amount of income-tax calculated at the rate of thirty per cent. on the aggregate of
anonymous donations received in excess of the higher of the following, namely:—
(A) five per cent of the total donations received by the assessee; or
(B) one lakh rupees, and]
4[(ii) the amount of income-tax with which the assessee would have been chargeable had his total
income been reduced by the aggregate of anonymous donations received in excess of the amount
referred to in sub-clause (A) or sub-clause (B) of clause (i), as the case may be.]
(2) The provisions of sub-section (1) shall not apply to any anonymous donation received by—
(a) any trust or institution created or established wholly for religious purposes;
(b) any trust or institution created or established wholly for religious and charitable purposes
other than any anonymous donation made with a specific direction that such donation is for any
university or other educational institution or any hospital or other medical institution run by such trust
or institution.
(3) For the purposes of this section, “anonymous donation” means any voluntary contribution referred
to in sub-clause (iia) of clause (24) of section 2, where a person receiving such contribution does not
maintain a record of the identity indicating the name and address of the person making such contribution
and such other particulars as may be prescribed.]
Where the total income of an assessee includes any income from units
of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, the income-tax
payable shall be the aggregate of—
the amount of income-tax calculated on income from units of an open-ended equity oriented
fund of the Unit Trust of India or of a Mutual Fund, at the rate of ten per cent; and
the amount of income-tax with which the assessee would have been chargeable had his total
income been reduced by the amount of income referred to in clause
Nothing contained in sub-section
shall apply in relation to any income from units of an openended equity oriented fund of the Unit Trust of India or of the Mutual Fund arising after the 31st day of
March, 2003.
Explanation.—For the purposes of this section, the expressions “Mutual Fund”, “open-ended equity
oriented fund” and “Unit Trust of India” shall have the meanings respectively assigned to them in
the Explanation to section 115T.]
2[115BBC. Anonymous donations to be taxed in certain cases.—
Where the total income of an
assessee, being a person in receipt of income on behalf of any university or other educational institution
referred to in sub-clause
or sub-clause
or any hospital or other institution referred to in subclause
or sub-clause
or any fund or institution referred to in sub-clause
or any trust or
institution referred to in sub-clause
of clause
of section 10 or any trust or institution referred to
in section 11, includes any income by way of any anonymous donation, the income-tax payable shall be
the aggregate of—
3[
the amount of income-tax calculated at the rate of thirty per cent. on the aggregate of
anonymous donations received in excess of the higher of the following, namely:—
five per cent of the total donations received by the assessee; or
one lakh rupees, and]
4[
the amount of income-tax with which the assessee would have been chargeable had his total
income been reduced by the aggregate of anonymous donations received in excess of the amount
referred to in sub-clause
or sub-clause
of clause
The provisions of sub-section
shall not apply to any anonymous donation received by—
any trust or institution created or established wholly for religious purposes;
any trust or institution created or established wholly for religious and charitable purposes
other than any anonymous donation made with a specific direction that such donation is for any
university or other educational institution or any hospital or other medical institution run by such trust
or institution.
For the purposes of this section, “anonymous donation” means any voluntary contribution referred
to in sub-clause
of clause
of section 2, where a person receiving such contribution does not
maintain a record of the identity indicating the name and address of the person making such contribution
and such other particulars as may be prescribed.]