(1) The regular income, as reduced by the application of income and accumulated income under section 342, to the extent of 15% of regular income, shall be considered as deemed accumulated income and shall be invested or deposited inany of the modes permitted under section 350.(2) The deemed accumulated income under this section shall not […]

Where the property held by a registered non-profit organisation includes a business undertaking, and where a claim is made that the income of any such undertaking is eligible for benefits under this Part, then the Assessing Officer shall have the power to determine the income of such business undertaking as per the provisions of this

No registered non-profit organisation, other than a registered non-profit organisation, carrying out advancement of any other object of general public utility, shall carry out any commercial activity unless—(a) such commercial activity is incidental to the attainment of the objectives of the registered non-profit organisation; and(b) separate books of account are maintained for such activities.

No registered non-profit organisation, carrying out advancement of any other object of general public utility, shall carry out any commercial activity unless,—(a) such commercial activity is undertaken in the course of actual carrying out of advancement of any object of the general public utility;(b) the aggregate receipts from such commercial activity or activities do not

Where the total income of a registered non-profit organisation, without giving effect to the provisions of this Part, exceeds the maximum amount which is not chargeable to income-tax in any tax year, such registered non-profit organisation shall be required to keep and maintain the books of account and other documents in such form and manner

Where the total income of a registered non-profit organisation, without giving effect to the provisions of this Part, exceeds the maximum amount which is not chargeable to income-tax in any tax year, the accounts of such registered non-profit organisation for that tax year shall be audited by an accountant and the person in receipt of

Where the total income of a registered non-profit organisation, withoutvgiving effect to the provisions of this Part, exceeds the maximum amount which is not chargeable to income-tax in any tax year, it shall furnish the return of income for such tax year as per the provisions of section 263(1)(a)(iii), within the time limit allowed under

(1) The modes of investing or depositing the money under this Part, shall be such as specified in Schedule XVI.(2) The modes of investing or depositing money under this Part, other than the modes specified in Schedule XVI, shall be specified by the Central Government, by notification.

(1) The following shall constitute specified violation by a registered non-profit organisation:––(a) where any income of the registered non-profit organisation has been applied, other than for its objects; or(b) it carries out any commercial activity in contravention of the provisions of section 345; or(c) where it has applied any part of its total income for

(1) Every specified person shall, in addition to the income-tax chargeable in respect of his total income, be liable to pay additional income-tax on accreted income at the maximum marginal rate in any of the cases specified in column B of the Table in sub-section (5).(2) The Assessing Officer shall compute the accreted income on