Gross receipts definition guides which receipts count toward income for non-profit organisations carrying permitted welfare activities.

Gross receipts for non-profit organisations undertaking permitted welfare activities are the aggregate of voluntary contributions; rent from property; income from incidental business not involving activities excluded by sub-clause (vi) of clause (g) of section 96; full consideration from transfers of non-financial investment assets; full consideration from transfers of business capital assets where the business is incidental and not of the excluded kind; income from investment of funds or assets; and incoming realizations, proceeds, donations or subscriptions, excluding loans, borrowings, advances and receipts covered by clause (b) of sub-section (1) of section 88.

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