Section 66A: Donation to NGO
This section is inserted by Finance (Miscellaneous Provisions) Act, 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.
(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 the amount of a donation to an NGO fighting drug abuse or poverty?
- Is there a cap on how much a company can deduct for donations to NGOs in one year?