Outgoings definition clarifies deductible payments and corpus contributions for non-profit organisations' income computation under the tax code.

Clause 90 defines outgoings to include voluntary contributions specifically directed to the corpus; amounts actually paid for non-capital expenditure wholly and exclusively to obtain receipts under section 95; non-capital expenditure for permitted welfare activities; capital expenditure for a business incidental to permitted welfare activities (subject to exclusions); capital expenditure on non-financial investment assets; payments (other than loans or advances) to similar non-profit organisations; and amounts applied outside India for internationally focused welfare activities notified by the Central Government.

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