“Charitable Purpose” means-

(a) relief for the poor, education relief, medical relief; and

(b) the improvement or expansion of any purpose of general public utility:

Provided that the improvement or extension of any purpose of general public utility shall not be deemed to be a charitable purpose-

(i) unless it is approved by the National Board of Revenue; And

(ii) if it engages in any of the following activities:-

(a) any activity in the nature of trade, commerce or business of whatever kind or nature; or

(b) if any service is provided in exchange for goods and the total value of such goods in any income year exceeds Tk 20 (twenty) lakhs;