As per Section 2(15) of the Income Tax Act, 1961 the definition of "charitable purpose" to include the following:-
(i) Relief of the poor
(ii) Education
(iii) Medical relief, and
(iv) the advancement of any other object of general public
utility.
Any entity with a charitable object of the above nature was eligible for exemption from tax under section 11 or alternatively under section 10(23C) of the Act. Due to this a number of entities who were engaged in commercial activities were also claiming exemption on the ground that such activities were for the advancement of objects of general public utility in terms of the fourth limb of the definition of 'charitable purpose'.
Therefore, section 2(15) was amended vide Finance Act, 2008
by adding a proviso which states that the 'advancement of
any other object of general public utility' shall not be a
charitable purpose if it involves the carrying on of ?
(a) any activity in the nature of trade, commerce or
business; or
(b) 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.
Newly inserted proviso to Section 2(15) of Income tax Act
As per the inserted new proviso to section 2(15) will not
apply in respect of the first three limbs of section 2(15),
i.e., relief of the poor, education or medical relief.
Consequently, where the purpose of a trust or institution is
relief of the poor, education or medical relief, it will
constitute 'charitable purpose' even if it incidentally
involves the carrying on of commercial activities.
'Relief of the poor' encompasses a wide range of objects for
the welfare of the economically and socially disadvantaged
or needy. It will, therefore, include within its ambit
purposes such as relief to destitute, orphans or the
handicapped, disadvantaged women or children, small and
marginal farmers, indigent artisans or senior citizens in
need of aid. Entities who have these objects will continue
to be eligible for exemption even if they incidentally carry
on a commercial activity, subject, however, to the
conditions stipulated under section 11(4A) or the seventh
proviso to section 10(23C) which are that
(i) the business should be incidental to the attainment of the objectives of the entity,
and
(ii) separate books of account should be maintained in
respect of such business.
Similarly, entities whose object is 'education' or 'medical
relief' would also continue to be eligible for exemption as
charitable institutions even if they incidentally carry on a
commercial activity subject to the conditions mentioned
above.
Applicability of newly inserted proviso to Section 2(15)
The newly inserted proviso to section 2(15) will apply only to
entities whose purpose is 'advancement of any other object of
general public utility' i.e. the fourth limb of the definition of 'charitable purpose' contained in section 2(15). Hence, such
entities will not be eligible for exemption under section 11 or
under section 10(23C) of the Act if they carry on commercial
activities. Whether such an entity is carrying on an activity in the
nature of trade, commerce or business is a question of fact which
will be decided based on the nature, scope, extent and frequency of
the activity.
There are industry and trade associations who claim exemption from tax u/s 11 on the ground that their objects are for charitable purpose as these are covered under 'any other object of general public utility'.
Income Tax PAN FAQ, Answers & Guidance
What is the turn over limit for tax audit? Who needs to get audited the accounts under section 44AB?