Section 66: Donation to charitable institutions

66. Donation to charitable institutions (1) Subject to subsection (2), where in an income year, a company has made a donation through electronic means to a charitable institution which is involved in – (a) supporting persons with health issues and disabilities; (b) protection or rehabilitation of street children; or (c) animal welfare and protection, it shall be allowed, in that income year, a deduction from its gross income of an amount representing thrice the amount of such donation. (2) The amount of deduction allowed under subsection (1) shall not exceed one million rupees in an income year. (k) in section 67(1) – (i) in paragraph (a), by inserting, after the words “a crèche”, the words “or the cost of setting up a Child Day Care Centre”; (ii) in paragraph (b), by inserting, after the words “a crèche” and “that crèche”, the words “or Child Day Care Centre”; (l) in section 67P – (i) in the heading, by deleting the words “for African market”; (ii) in subsection (1) – (A) by inserting, after the words “manufacturing company”, the words “having an annual gross Acts 2023 251 income derived from exports of goods not exceeding 500 million rupees”; (B) by deleting the words “for the African market”; (m) by inserting, after section 67P, the following new sections –