Clause 12
Amendment of section 37
of Income Tax (Amendment No. 2) Bill
BillNot in forceProvision 12 of 20
Clause 12
Section 37 of the principal Act is amended —
(a)
by deleting the word “or” at the end of sub-paragraph (vi) of paragraph (c) of subsection (2); and
(b)
by deleting the full-stop at the end of sub-paragraph (vii) of paragraph (c) of subsection (2) and substituting a semi-colon, and by inserting immediately thereafter the following sub-paragraphs: —“(viii)a charitable institution or a body of persons or a trust established for charitable purposes only; or
(ix)
an organisation not operated or conducted primarily for profit which is engaged in or connected with the promotion of culture or the arts or with the promotion of sports.”.