47.  Allowance for donations for charitable purposes.-

(1)   An assessee shall be entitled to an allowance in respect of any sum paid by him by a crossed cheque drawn on a bank or such value of such articles or goods as may be prescribed given in any income year as donation to-

(a)    any Board of Education in Pakistan or any University in Pakistan established or incorporated by, or under, any Federal or Provincial Act or any educational institution in Pakistan affiliated to any such Board of Education or University, or recognised, aided or run by Government or run by any local authority; or

(b)    any hospital in Pakistan recognised, aided or run by Government or run by a local authority; or

(c)    any relief fund sponsored or approved by Government; or

(d)    any other institution or fund which is established in Pakistan for a religious or charitable purpose and is approved by the Central Board of Revenue for the purposes of this section; or.

(e)    institutions, foundations, societies, boards, trusts or funds referred to in clause (91) of Part I of the Second Schedule

(2)   Nothing contained in sub-section (1) shall apply to any donation made to a private religious institution or fund which does not enure for the benefit of the public.

(3A) The aggregate of allowances, under sub-section (1), in respect of donations, shall not exceed-

(i)     in the case of a company, fifteen per cent of the total income; and

(ii)    in any other case, thirty per cent of the total income.

(4)   Nothing contained in sub-section (3) or sub-section (3A) shall apply in respect of any donation made to the Quaid-e-Azam Memorial Fund or to an institution, museum, library or monument referred to in sub-clause (xxxii) of clause (91) of Part I of the Second Schedule.

(5)   The Central Board of Revenue may make rules regulating the procedure for the grant of approval under this section and any other matter connected with, or incidental to, the operation of this section.