Taxation of nonprofit income: non-compliance triggers taxation of regular, specified and residual income under the income regime. Where a registered non-profit organisation fails key compliance obligations or conducts prohibited commercial activity, its taxable regular income for that tax year-reduced only by expenditure that meets narrowly prescribed conditions-is chargeable to tax; additionally, specified and residual income are taxable to the extent not included in regular income, and the special limitation on taxing non-profit income does not apply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Taxation of nonprofit income: non-compliance triggers taxation of regular, specified and residual income under the income regime.
Where a registered non-profit organisation fails key compliance obligations or conducts prohibited commercial activity, its taxable regular income for that tax year-reduced only by expenditure that meets narrowly prescribed conditions-is chargeable to tax; additionally, specified and residual income are taxable to the extent not included in regular income, and the special limitation on taxing non-profit income does not apply.
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