Section 338 — Income not to be included in regular income

While computing the regular income of a registered non-profit organisation,
the following income shall not be included:—
( a) income applied outside India, where the Board, by general or special
order, directs that such income shall not be so included in its total income
in case of a registered non-profit organisation—
( i) created before the 1st April, 1952 for charitable or religious pur -
poses; or
( ii) created on or after the 1st April, 1952 for charitable purposes
where such application of income outside India tends to promote
international welfare in which India is interested;
( b) the corpus donation received by the registered non-profit organisation
under section 339.