Specified income rules consolidate non-profit tax triggers, allocating each statutory category to its designated tax year. Section 337 consolidates specified income of registered non-profit organisations and fixes the tax year for each category. It covers specified anonymous ... Summary
Specified income rules consolidate non-profit tax triggers, allocating each statutory category to its designated tax year.
Section 337 consolidates specified income of registered non-profit organisations and fixes the tax year for each category. It covers specified anonymous donations after statutory exclusions and threshold, related-person benefits, impermissible application outside India, prohibited investments, and corpus-condition breaches. It also covers accumulated income diverted, discontinued, unutilised, or transferred; application for non-registered purposes; business income determined above books; assets remaining outside permitted modes; and deemed application not actually made in India within the prescribed period.
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