Income not to be included in regular income

338. 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. Corpus donation.