Section 346 - Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility.
Income-tax Act, 2025 Part 3. Commercial activities by registered non-profit organisation
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Restriction on commercial activities by registered non-profit organisations: allowed when related to public utility, limited receipts and separate accounts. A registered non-profit organisation advancing an object of public utility may not carry out commercial activity unless the activity is undertaken in the ... Summary
Restriction on commercial activities by registered non-profit organisations: allowed when related to public utility, limited receipts and separate accounts.
A registered non-profit organisation advancing an object of public utility may not carry out commercial activity unless the activity is undertaken in the course of advancing the public utility object, aggregate receipts from such activity do not exceed the statutory proportion of total receipts for the relevant tax year, and separate books of account are maintained for those activities.
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