18. Amendment of section 31 of the principal enactment

“approved by the Minister.”, of the words and figures “approved by the Minister :

Inland Revenue (Amendment)

Provided that such part, if any, of any donation otherwise than in money, made on or after April 1, 2004 as is in excess of two million rupees shall be deemed not to comprise a qualifying payment.”;

“paragraph (b) of section 9 :

Provided that where such contribution made on or after April 1, 2004 exceeds 12

per centum of such emoluments, such excess shall be deemed not to comprise a qualifying payments ”;

“(i)

in respect of all qualifying payments other than those referred to in—

(A)

paragraphs (b), (c), (g) and (h) of subsection (2) made by him or deemed to have been made by him in any year of assessment ending on or before March 31, 2004 ; and

(B)

paragraphs (a), (b), (c), (e), (g), (h), (i), (j) and (k) of subsection (2) made by him or deemed to have been made by him in any year of assessment commencing on or after April 1,

2004, shall not exceed one third of such assessable income or twenty five thousand rupees, whichever is less ;”; and

Inland Revenue (Amendment)

“(v)

in respect of the aggregate of all qualifying payments made—

(A)

on or before March 31, 2004 and referred to in paragraphs (a), (c), (d), (e), (f), (i), (j) and (k) of subsection (2) shall not exceed twenty five thousand rupees ; and

(B)

on or after April 1, 2004 and referred to in paragraphs (a), (e), and (g) of subsection (2) shall not exceed seventy five thousand rupees or one third of such assessable income, whichever is less.” ; and