Income Tax exemption for rendering help to victims of Nepal Earthquake

By Vijay Kumar

THE Prime Minister of India has promised that India would make all efforts to render assistance to the people of Nepal who have suffered due to the recent earthquake. A number of Voluntary organisations/trusts have expressed their desire to render assistance to the quake victims in Nepal.

The Central Board of Direct Taxes has decided to fast track all applications made u/s11(1)(c) of the Income Tax Act, 1961 seeking approval for rendering help to the victims of earthquake in Nepal. It will be the endeavor of the Department to process these applications within two working days of receiving the completed applications.