Section 123F: Statement of donation received

123F. Statement of donation received Subject to this section, every charitable institution which receives donations from any person shall, with respect to every income year, on or before 15 August immediately following that income year, submit to the Director-General, electronically, a statement, in such form and manner as may be determined by him, giving the details of the donations received and stating – (a) the NIC number of the individual, or in any other case the Business Registration Number, and the name of the person making the donation; (b) the amount donated; and (c) any other particulars as may be required by the Director-General. Acts 2021 347 (ad) in section 124 – (i) in subsection (1), by inserting, after the words “or in writing”, the words “, or submit electronically”; (ii) in subsection (2), by inserting, after the word “writing”, the words “or sent electronically”; (ae) in section 125, by adding the following new paragraph, the full stop at the end of paragraph (b) being deleted and replaced by a semicolon – (c) to attend a meeting through teleconferencing to give any information or explanation as may be required by him. (af) in section 129(1)(a), by deleting the words “section 112” and replacing them by the words “sections 112, 112A”; (ag) in section 130, by adding the following new subsection – (2) The Director-General may, at any time, make an assessment under section 129 or 129A – (a) where a return of income under section 112, 116 or 119, as the case may be, in respect of a year of assessment has not been made; or (b) in case of fraud. (ah) in section 150B – (i) in subsection (1), by inserting, in the appropriate (cid:68)(cid:79)(cid:83)(cid:75)(cid:68)(cid:69)(cid:72)(cid:87)(cid:76)(cid:70)(cid:68)(cid:79)(cid:3)(cid:82)(cid:85)(cid:71)(cid:72)(cid:85)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:73)(cid:82)(cid:79)(cid:79)(cid:82)(cid:90)(cid:76)(cid:81)(cid:74)(cid:3)(cid:81)(cid:72)(cid:90)(cid:3)(cid:71)(cid:72)(cid:191)(cid:81)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:177) “SME” means a small or medium enterprise – (a) whose turnover, in the case of a company, for the accounting year ended in the year 2020; or (b) whose turnover, in any other case, for the year ended 30 June 2020, did not exceed 50 million rupees. 348 Acts 2021 (ii) in subsection (10) – (A) in paragraph (a), by deleting the word “Where” and replacing it by the words “Subject to paragraph (aa), where”; (B) by inserting, after paragraph (a), the following new paragraph – (aa) (i) Paragraph (a) shall, subject to subparagraphs (ii) and (iii), not apply to an SME, with respect to its entitlement to the allowance for the month of March 2021 and any subsequent month. (ii) Subparagraph (i) shall not apply where an SME carries out an activity (cid:86)(cid:83)(cid:72)(cid:70)(cid:76)(cid:191)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:51)(cid:68)(cid:85)(cid:87)(cid:3)(cid:44)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:55)(cid:90)(cid:72)(cid:79)(cid:73)(cid:87)(cid:75)(cid:3)(cid:54)(cid:70)(cid:75)(cid:72)(cid:71)(cid:88)(cid:79)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3) Income Tax Regulations 1996. (iii) Where an employer being an SME, other than an SME carrying (cid:82)(cid:88)(cid:87)(cid:3)(cid:68)(cid:81)(cid:3)(cid:68)(cid:70)(cid:87)(cid:76)(cid:89)(cid:76)(cid:87)(cid:92)(cid:3)(cid:86)(cid:83)(cid:72)(cid:70)(cid:76)(cid:191)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3) d:55)(cid:90)(cid:72)(cid:79)(cid:73)(cid:87)(cid:75)(cid:3)(cid:54)(cid:70)(cid:75)(cid:72)(cid:71)(cid:88)(cid:79)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3) Income Tax Regulations 1996. (iii) Where an employer being an SME, other than an SME carrying (cid:82)(cid:88)(cid:87)(cid:3)(cid:68)(cid:81)(cid:3)(cid:68)(cid:70)(cid:87)(cid:76)(cid:89)(cid:76)(cid:87)(cid:92)(cid:3)(cid:86)(cid:83)(cid:72)(cid:70)(cid:76)(cid:191)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:51)(cid:68)(cid:85)(cid:87)(cid:3)(cid:44)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:55)(cid:90)(cid:72)(cid:79)(cid:73)(cid:87)(cid:75)(cid:3) Schedule of the Income Tax Regulations 1996, (cid:75)(cid:68)(cid:86)(cid:3)(cid:69)(cid:72)(cid:81)(cid:72)(cid:191)(cid:87)(cid:72)(cid:71)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:68)(cid:81)(cid:3)(cid:68)(cid:79)(cid:79)(cid:82)(cid:90)(cid:68)(cid:81)(cid:70)(cid:72)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:72)(cid:85)(cid:76)(cid:82)(cid:71)(cid:3)(cid:177) (A) starting on 10 March 2021 and ending on 31 March 2021; or (B) starting on 1 April 2021 and ending on 30 April 2021, or any subsequent period, and the employer, during such period, terminates the employment of an eligible employee, that Acts 2021 349 employer shall not be entitled to any allowance in any month subsequent to that period. (ai) in section 150C – (i) in subsection (3), by inserting, after paragraph (e), the following new paragraph, the word “or” at the end of paragraph (e) being deleted – (ea) in respect of a given month, he has carried out income earning activity and has not paid CSG or the social contribution, as applicable, for any one of the 3 months beginning from July 2021 that immediately precede that given month; or (ii) by inserting, after subsection (3), the following new subsection – (3A) The Director-General may refuse to pay the allowance under subsection (2) with respect to a month where the self-employed – (a) has carried out income earning activity and has not paid CSG or the social contribution, as applicable, for that month; or (b) has not submitted a return under section 112 or 112A for the income year ending 30 June immediately preceding that month. 350 Acts 2021 (aj) by inserting, after Part XIIC, the following new Part – PART XIID – FINANCIAL ASSISTANCE FOR PAYMENT OF SALARY COMPENSATION 2021