Procedure for specifying an association or institution for purposes of notification under section 133(1)(a)(xxiv)

Conditions (sub-rule 1). The association or institution:

• (a) has as its object the control, supervision, regulation or encouragement in India of the games or sports notified under section 133(7)(e);
• (b) has a proven record of dedication to developing infrastructure or promoting sports or games for at least three years;
• (c) does not distribute any part of its income to its members in any manner, except as grants to an association or institution affiliated to it;
• (d) applies donations received under section 133(1)(a)(xxiv) to developing infrastructure for games or sports in India, or to sponsoring games or sports in India; and
• (e) maintains regular accounts of its receipts and expenditure and files its return of income regularly.

Validity (sub-rule 2). The notification is effective for up to three tax years, including assessments for tax years before the notification date, as the notification specifies.