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of <h1>Clause 92 of Direct Taxes Code Bill, 2009: Preventing Non-Profit Resource Misuse for Personal Gain Through Strict Regulations.</h1> Clause 92 of the Direct Taxes Code Bill, 2009, addresses the deemed use or application of funds or assets by non-profit organizations for the benefit of interested persons. It specifies that such use is deemed if funds or assets are lent without adequate security or interest, property is used without adequate compensation, excessive payments are made for services, services are provided without adequate remuneration, transactions occur at non-market rates, funds or property are diverted, investments exceed specified limits, or certain income is included in the organization's total income. These provisions aim to prevent misuse of non-profit resources for personal gain.
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