3.
Amendment of section 2.- In section 2 of the Income-tax
Act,-
(a) in clause (1A), after Explanation 2,
the following Explanation shall be inserted with effect from
the 1st day of April, 2009, namely:-
''Explanation 3.- For
the purposes of this clause, any income derived from saplings
or seedlings grown in a nursery shall be deemed to be agricultural
income;'';
(b) for clause (15), the following clause
shall be substituted with effect from the 1st day of April,
2009, namely:-
'(15) "charitable purpose" includes relief
of the poor, education, medical relief, and the advancement
of any other object of general public utility:
Provided that the advancement
of any other object of general public utility shall not be
a charitable purpose, if it involves the carrying on of any
activity in the nature of trade, commerce or business, or
any activity of rendering any service in relation to any trade,
commerce or business, for a cess or fee or any other consideration,
irrespective of the nature of use or application, or retention,
of the income from such activity;'. |
