Outgoings of non-profit organisations: allowable expenditures, deposits and accumulation rules subject to notification and prescribed investment modes. Deductible outgoings for a non-profit's total income include non-capital expenditures incurred wholly and exclusively for qualifying receipts, ... Summary
Outgoings of non-profit organisations: allowable expenditures, deposits and accumulation rules subject to notification and prescribed investment modes.
Deductible outgoings for a non-profit's total income include non-capital expenditures incurred wholly and exclusively for qualifying receipts, expenditures for charitable activities, capital expenditure for businesses incidental to charitable activity, amounts applied abroad when promoting international welfare with government notification, last month receipts deposited into a prescribed specified deposit account on or before year end, and accumulated sums for charitable activities up to the higher of prescribed percentages of income or receipts when invested or deposited in prescribed modes for no more than three years.
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