Deemed accumulated income requirement mandates portion of a nonprofit's regular income to be invested under prescribed modes. A specified portion of a registered non-profit organisation's regular income, after reductions under the accumulated income application rules, is to be ... Summary
Deemed accumulated income requirement mandates portion of a nonprofit's regular income to be invested under prescribed modes.
A specified portion of a registered non-profit organisation's regular income, after reductions under the accumulated income application rules, is to be treated as deemed accumulated income and must be invested or deposited in modes permitted by the applicable investment provision; such deemed accumulated income is excluded from the definition of accumulated income for the purposes of those application rules.
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