Gross receipts defined to include voluntary contributions, rents, incidental business income, capital transfers, investment returns, and other receipts.

Gross receipts of a non-profit organisation include voluntary contributions, rent from property, income from incidental business activities, income on transfer of capital assets (where assets are not used for charitable purposes or incidental business) and full value on transfer of other capital assets; they also include income from investment of funds or assets, receipts or subscriptions from any source, and amounts received in the last month of the preceding year deposited in a specified account. Excluded are loans taken during the year and voluntary contributions specifically directed to form part of the corpus.

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