Section 66A: Donation to NGO
This section is inserted by Act No 11 of 2024, section 41.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
66A. Donation to NGO
(1) Subject to subsection (2), where in an
income year, a company has made a donation through
electronic means to an NGO which is involved in –
(a) combatting drug abuse;
(b) prevention of gender-based violence; or
(c) poverty alleviation,
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.
466 Acts 2024
(3) In this section –
“NGO” means a Non-Government
Organisation registered with the
Director-General on such terms and
conditions as he may determine.
(vii) by inserting, after section 67R, the following new
section –
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Questions this section answers
- Can a company deduct three times its donation to an NGO fighting drug abuse from taxable income?
- Is there a cap on how much a company can deduct for donations to NGOs under this section?