1 ,2 (1) Any voluntary contributions received by a trust created wholly for charitable or religious purposes or by an institution established wholly for such purposes (not being contributions made with a specific direction that they shall form part of the corpus of the trust or institution) shall for the purposes of section 11 be deemed to be income derived from property held under trust wholly for charitable or religious purposes and the provisions of that section and section 13 shall apply accordingly.
3 (2) The value of any services, being medical or educational services, made available by any charitable or religious trust running a hospital or medical institution or an educational institution, to any person referred to in clause (a) or clause (b) or clause (c) or clause (cc) or clause (d) of sub-section (3) of section 13, shall be deemed to be income of such trust or institution derived from property held under trust wholly for charitable or religious purposes during the previous year in which such services are so provided and shall be chargeable to income-tax notwithstanding the provisions of sub-section (1) of section 11.
Explanation.- For the purposes of this sub-section, the expression "value" shall be the value of any benefit or facility granted or provided free of cost or at concessional rate to any person referred to in clause (a) or clause (b) or clause (c) or clause (cc) or clause (d) of sub-section (3) of section 13.
4
(3) Notwithstanding anything contained in section 11, any amount of donation
received by the trust or institution in terms of clause (d) of sub-section (2)
of section 80G 5 in respect of which accounts of income and expenditure have not
been rendered to the authority prescribed under clause (v) of sub-section (5C)
of that section, in the manner specified in that clause, or which has been
utilised for purposes other than providing relief to the victims of earthquake
in Gujarat or which remains unutilised in terms of sub-section (5C) of section
80G and not transferred to the Prime Minister's National Relief Fund on or
before the 31st day of March, 6 2004 shall be deemed to be the income of the
previous year and shall accordingly be charged to tax.
----------------------
1. Sections 12 and 12A restored by Act 3 of 1989, s. 95 (w.e.f. 1-4-1989). Earlier section 12 was omitted by Act 4 of 1988, s. 7 (w.e.f. 1-4-1989).
2. Section 12 renumbered as sub-section (1) therof by Act 10 of 2000, s. 9 (w.e.f. 1-4-2001).
3. Ins. by s. 9, ibid. (w.e.f. 1-4-2001).
4. Ins. by Act 4 of 2001, s. 5 (w.e.f. 3-2-2001).
5. Ins. by Act 20 of 2002, s. 8 (w.e.f. 3-2-2001).
6. Subs. by Act 32 of 2003, s. 11, for the figures "2003" (w.e.f. 3-2-2001).
Section 10A Special provision in respect of newly established undertakings in free trade zone, etc
Section 10AA Special provisions in respect of newly established Units in Special Economic Zones
Section 10BA Special provisions in respect of export of certain articles or things
Section 10BB Meaning of computer programmes in certain cases
Section 10C Special provision in respect of certain industrial undertakings in North-Eastern Region
Section 11 Income from property held for charitable or religious purposes
Section 12 Income of trusts or institutions from contributions
Section 12A Conditions for applicability of sections 11 and 12