ICICI Bank Ltd Interview Question:

Under which act, Yoga was included in the ambit of charitable purposes as announced in the Union Budget 2015-16?

a. Income Tax Act
b. Fundamental Rights Act
c. Co-operative Societies Act
d. Emergency Provisions Act

Submitted by: Administrator

Income Tax Act
Explanation:
The government has decided to accord special status to Yoga by categorizing its promotion as a charitable activity. The institutions which, as part of genuine charitable activities, undertake activities like publishing books or holding programme on yoga or other programs as part of actual carrying out of the objects which are of charitable nature are being put to hardship due to first and second provision to section 2(15).
Submitted by: Administrator