Income Tax Act, 2025
Section 1: Ins. by Act 27 of 1999, s. 7 (w.e.f. 11999).
1. Ins. by Act 27 of 1999, s. 7 (w.e.f. 11999).
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(6) Notwithstanding anything contained in the foregoing provisions of this section, where the assessee
before the due date for furnishing the return of his income under sub-section (1) of section 139, furnishes
to the Assessing Officer a declaration in writing that the provisions of this section may not be made
applicable to him, the provisions of this section shall not apply to him in any of the relevant assessment
years:
1[Provided that no deduction under this section shall be allowed to any undertaking for the assessment
year beginning on the 1st day of April, 2004 and subsequent years.]
Explanation.—For the purposes of this section,—
(i) “Integrated Infrastructure Development Centre” means such centres located in the States of the
North-Eastern Region, which the Central Government, may, by notification in the Official Gazette,
specify for the purposes of this section;
(ii) “Industrial Growth Centre” means such centres located in the States of the North-Eastern
Region, which the Central Government may, by notification in the Official Gazette, specify for the
purposes of this section;
(iii) “North-Eastern Region” means the region comprising the States of Arunachal Pradesh,
Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura;
(iv) “relevant assessment years” means the ten consecutive years beginning with the year in
which the industrial undertaking begins to manufacture or produce articles or things.]
2[11. Income from property held for charitable or religious purposes.—(1) Subject to the
provisions of sections 60 to 63, the following income shall not be included in the total income of the
previous year of the person in receipt of the income—
3[(a) income derived from property held under trust wholly for charitable or religious purposes, to
the extent to which such income is applied to such purposes in India; and, where any such income is
accumulated or set apart for application to such purposes in India, to the extent to which the income
so accumulated or set apart is not in excess of 4[fifteen per cent.] of the income from such property;
(b) income derived from property held under trust in part only for such purposes, the trust having
been created before the commencement of this Act, to the extent to which such income is applied to
such purposes in India; and, where any such income is finally set apart for application to such
purposes in India, to the extent to which the income so set apart is not in excess of 4[fifteen per cent.]
of the income from such property;
(c) income 5[derived from property held under trust]—
(i) created on or after the 1st day of April, 1952, for a charitable purpose which tends to
promote international welfare in which India is interested, to the extent to which such income is
applied to such purposes outside India, and
(ii) for charitable or religious purposes, created before the 1st day of April, 1952, to the extent
to which such income is applied to such purposes outside India:
Provided that the Board, by general or special order, has directed in either case that it shall not be
included in the total income of the person in receipt of such income;
Notwithstanding anything contained in the foregoing provisions of this section, where the assessee
before the due date for furnishing the return of his income under sub-section
of section 139, furnishes
to the Assessing Officer a declaration in writing that the provisions of this section may not be made
applicable to him, the provisions of this section shall not apply to him in any of the relevant assessment
years:
1[Provided that no deduction under this section shall be allowed to any undertaking for the assessment
year beginning on the 1st day of April, 2004 and subsequent years.]
Explanation.—For the purposes of this section,—
“Integrated Infrastructure Development Centre” means such centres located in the States of the
North-Eastern Region, which the Central Government, may, by notification in the Official Gazette,
specify for the purposes of this section;
“Industrial Growth Centre” means such centres located in the States of the North-Eastern
Region, which the Central Government may, by notification in the Official Gazette, specify for the
purposes of this section;
“North-Eastern Region” means the region comprising the States of Arunachal Pradesh,
Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura;
“relevant assessment years” means the ten consecutive years beginning with the year in
which the industrial undertaking begins to manufacture or produce articles or things.]
2[11. Income from property held for charitable or religious purposes.—
Subject to the
provisions of sections 60 to 63, the following income shall not be included in the total income of the
previous year of the person in receipt of the income—
3[
income derived from property held under trust wholly for charitable or religious purposes, to
the extent to which such income is applied to such purposes in India; and, where any such income is
accumulated or set apart for application to such purposes in India, to the extent to which the income
so accumulated or set apart is not in excess of 4[fifteen per cent.] of the income from such property;
income derived from property held under trust in part only for such purposes, the trust having
been created before the commencement of this Act, to the extent to which such income is applied to
such purposes in India; and, where any such income is finally set apart for application to such
purposes in India, to the extent to which the income so set apart is not in excess of 4[fifteen per cent.]
of the income from such property;
income 5[derived from property held under trust]—
created on or after the 1st day of April, 1952, for a charitable purpose which tends to
promote international welfare in which India is interested, to the extent to which such income is
applied to such purposes outside India, and
for charitable or religious purposes, created before the 1st day of April, 1952, to the extent
to which such income is applied to such purposes outside India:
Provided that the Board, by general or special order, has directed in either case that it shall not be
included in the total income of the person in receipt of such income;